Hurricane-Ready Retail/Office
1200+1202 White Street Key West, FL 33040
1200+1202 White Street, Key West, FL, 33040
$1,050,000
For Sale
$1,050,000
COMMERCIAL - Key West, FL
Property Size2,061 SF
Price / SF$509.46
Days on Market16
Property Features for 1200+1202 White Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- HNC(1-3) - Hist Nghborhd
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Parking features
- Assigned, Off Street
- Appliances
- No Appliances
- Standard status
- Active
- APN
- 00033011-000101
- Size
- 2,061 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- See county records 1200+1202 White St
- Tax Annual Amount
- 8983
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1989
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile, Concrete
- Building materials
- CBS, Stucco, Combo Construction
- Roof type
- Other
Listing Agency
Truman & Co. (KW)
(305) 292-2244
1205 Truman Avenue, Key West, FL
Listed by
The Spottswood Team
(305) 432-4848
Added: Jul 2 Checked: Jul 17 at 6:06 pm
MLS# 620494
Copyright © 2026 Key West Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering consists of two combined commercial condos on the first floor, totaling 2,061 square feet. The units have been extensively updated and renovated and feature hurricane-rated impact windows and doors. Each unit includes an assigned parking spot, with two total assigned parking spaces provided for the combined purchase. The monthly condo fee includes windstorm and liability insurance, and condo documents and a survey are available in the document tab.
The property is located at 1200+1202 White Street in Key West, Florida, in an X flood zone. Zoning is HNC(1-3) - Hist Nghborhd, and the zoning uses listed include professional offices, retail sales and services, specialty shops, and restaurants. The seller notes that the units can also be purchased separately.
For buyers seeking a mixed-use commercial setup on one level, the configuration supports tenants looking for either office-oriented or storefront-style space under the HNC-1 permitted categories. A tenant is currently in place, and showings should be coordinated so as not to disturb business operations.
The property is located at 1200+1202 White Street in Key West, Florida, in an X flood zone. Zoning is HNC(1-3) - Hist Nghborhd, and the zoning uses listed include professional offices, retail sales and services, specialty shops, and restaurants. The seller notes that the units can also be purchased separately.
For buyers seeking a mixed-use commercial setup on one level, the configuration supports tenants looking for either office-oriented or storefront-style space under the HNC-1 permitted categories. A tenant is currently in place, and showings should be coordinated so as not to disturb business operations.
Key Highlights
- Two combined 1st‑floor commercial condos on White Street totaling 2,061 SF
- Hurricane‑rated impact windows & doors for added weather protection
- 2 assigned parking spots (1 per unit) plus off‑street parking
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.8k | $30.00 |
| − Vacancy | −$10.0k | −$4.86 |
| EGI | $51.8k | $25.14 |
| − OpEx | −$13.0k | −$6.29 |
| NOI | $38.9k | $18.86 |
2,061 SF · lease $30.00/SF/yr · vacancy 16.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$555.1K
$485.8K – $647.7K
NOI $38,860 @ 7.0% cap · market cap 3.70%
Second Best
Retail
$399.3K
$349.4K – $465.9K
NOI $27,953 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$829.0K
$725.4K – $967.2K
NOI $58,031 @ 7.0% cap · market cap 5.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Two combined first-floor commercial condos with hurricane-rated windows and doors, designed for flexible retail and professional use.
Where is this office units located?
The property is located at 1200+1202 White Street Key West, FL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Two combined 1st‑floor commercial condos on White Street totaling 2,061 SF; Hurricane‑rated impact windows & doors for added weather protection; 2 assigned parking spots (1 per unit) plus off‑street parking
