Hurricane-Rated Retail/Office
1202 White Street Key West, FL 33040
1202 White Street, Key West, FL, 33040
$499,000
For Sale
$499,000
Centrally located 892sf condo with hurricane-rated windows and doors, one assigned parking spot, and X Flood Zone designation.
Property Size892 SF
Price / SF$559.42
Days on Market24
Property Features for 1202 White Street
General Information
- Standard status
- Active
- Size
- 892 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1989
Listing Agency
Truman & Co. (KW)
(305) 432-4848
Listed by
The Spottswood Team
(305) 432-4848
Source
Xome
Added: Jun 27 Updated: Jul 19 at 1:42 am Checked: Jul 20 at 1:37 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Truman & Co. (KW)
Investment Insights
Based on property information with market context.
Located at 1202 White Street in Old Town, this 892sf commercial condo offers a combination of retail and office flexibility. The unit features hurricane-rated windows and doors and includes one assigned parking spot. The property is designated in the X Flood Zone.
Zoning is HNC-1, with uses including professional offices, retail sales & services, specialty shops, and restaurants. The monthly condo fee is $468.48 and includes windstorm and liability insurance. Condo documents and survey are available in the documents tab.
A tenant is in place; do not disturb the business. Two additional commercial condos are also available.
Zoning is HNC-1, with uses including professional offices, retail sales & services, specialty shops, and restaurants. The monthly condo fee is $468.48 and includes windstorm and liability insurance. Condo documents and survey are available in the documents tab.
A tenant is in place; do not disturb the business. Two additional commercial condos are also available.
Key Highlights
- 892 SF commercial condo in Old Town
- Hurricane‑rated windows and doors
- Central air cooling
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 | $26.8k | $30.00 |
| − Vacancy | −$4.3k | −$4.86 |
| EGI | $22.4k | $25.14 |
| − OpEx | −$5.6k | −$6.29 |
| NOI | $16.8k | $18.86 |
892 SF · lease $30.00/SF/yr · vacancy 16.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$240.3K
$210.2K – $280.3K
NOI $16,819 @ 7.0% cap · market cap 3.37%
Second Best
Retail
$172.8K
$151.2K – $201.6K
NOI $12,098 @ 7.0% cap · market cap 2.42%
Theoretical Best
Office A
$358.8K
$314.0K – $418.6K
NOI $25,116 @ 7.0% cap · market cap 5.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
The Local, Butcher & Market
Take-out & Catering
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Centrally located 892sf condo with hurricane-rated windows and doors, one assigned parking spot, and X Flood Zone designation.
Where is this office units located?
The property is located at 1202 White Street Key West, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 892 SF commercial condo in Old Town; Hurricane‑rated windows and doors; Central air cooling
