92295 Old State Road #4A Key Largo, FL 33070
Concrete mixed-use building with six exterior-access suites and extensive US-1 frontage for flexible retail, office, and medical use.
Property Features for 92295 Old State Road #4A
General Information
- Standard status
- Active
- Size
- 6,214 SF
- Lot size
- 0.86 Acres
Building Details
- Year Built
- 1994
Listing office Ocean Sotheby's International Realty (305) 393-1839
Listing date Jul 7, 2026
Source Laerrealty
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 Ocean Sotheby's International Realty
Investment Insights
Based on property information with market context.
The building is positioned on the northbound side of US-1 with convenient access via a cross street to the southbound lane. The site provides approximately 313 feet of US-1 highway frontage, supporting visibility and customer access from a high-exposure roadway.
The suite layout and dedicated unit half-baths make the building workable for a range of user types, including retail, office, medical, educational, fitness, or storage. A survey is on file. For buyers considering structure beyond traditional financing, the listing notes seller financing terms including a $500,000 down payment, a 6% interest rate, and a 5-year balloon.
Key Highlights
- 1994‑built concrete mixed‑use commercial building with approx. 6,214 sq. ft. on a 37,477 sq. ft. fenced lot
- Six separate units/suites with exterior walkways, each including a half bathroom
- Two additional restrooms accessible via exterior walkways for shared use across the property
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 | $186.4k | $30.00 |
| − Vacancy | −$30.2k | −$4.86 |
| EGI | $156.2k | $25.14 |
| − OpEx | −$39.1k | −$6.29 |
| NOI | $117.2k | $18.86 |
