Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    89015 Overseas Hwy Tavernier, FL 33070

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $149,000

    Turn-key dry cleaning business opportunity in the Florida Keys.

    Property size:
    1,948 SF

    Property Features for 89015 Overseas Hwy

    General Information

    Zoning
    Highway Commercial
    Size
    1,948 SF

    We can help!

    Listing Contact
    Yvette Doherty
    Source: Cbcworldwide

    Listing Agent: Yvette Doherty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Established Dry Cleaner Business For Sale

    A dry cleaner business is available for sale, presented as a turn-key operation. This family-owned and operated business has been serving customers in the Florida Keys for 32 years. The business handles all dry cleaning needs on-site. The property size is 1948 square feet. The seller may consider some financing.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Tavernier
    County
    Monroe
    State
    Florida
    Longitude
    -80.5235
    Latitude
    25.0103

    Nearby Similar for Sale

    • $5,950,000

      Turn-Key Tavernier Mixed-Use Investment

      Renovated mixed-use property with immediate revenue and long-term leases.
      91865 Overseas Hwy, Tavernier, FL 33070
      View Details
    • $1,499,000

      Tavernier Business Center For Sale

      Commercial property with US-1 frontage in Tavernier's business district.
      91760 Overseas Hwy, Tavernier, FL 33070
      View Details
    • $2,995,000

      Tavernier Commercial Building - US1 Frontage

      High-traffic location, six-unit building, 6214 sq ft.
      92295 Old State Rd, Tavernier, FL 33070
      View Details
    • $2,500,000

      Tavernier Impact Windows Business

      Profitable, Established Window & Door Company
      Impact Windows & Doors Business For Sale, Tavernier, FL 33070
      View Details
    • $8,900,000

      Tavernier Waterfront Investment Opportunity

      Landmark Restaurant & Marina, Prime Location
      90311 Old Hwy, Tavernier, FL 33070
      View Details
    • $2,400,000
      1,796 SF

      Dairy Queen Restaurant, Tavernier, FL

      High-Cap Rate QSR, Prime Location
      92661 Overseas Hwy, Tavernier, FL 33070
      View Details

    FAQs

    What type of property is this?
    Retail space - Turn-key dry cleaning business opportunity in the Florida Keys.
    Where is this retail space located?
    The property is located at 89015 Overseas Hwy Tavernier, FL.
    What is the asking price?
    The asking price for this property is $149,000.
    What are key features of this property?
    This property features: - Turnkey dry cleaner business for sale.; - On-site dry cleaning services in the Florida Keys.; - Established business with 32 years of operation.
    (786) 236-8158
    Request Owner's contact information
    89015 Overseas Hwy Tavernier, FL 33070
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    89015 Overseas Hwy
    Tavernier, FL 33070
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    89015 Overseas Hwy Tavernier, FL 33070
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Yvette Doherty
    Real Estate License ID: 3281170
    (786) 236-8158
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.