Mixed-Use Flex Industrial
13371 Overseas Highway Marathon, FL 33050
For Sale
Contact for pricing
Pending
Large commercial building on a substantial lot with Mixed Use - Commercial zoning and adaptable interior space.
Property Size6,376 SF
Lot Size1.03 Acres
Days on Market773
Property Features for 13371 Overseas Highway
General Information
- Standard status
- Pending
- Size
- 6,376 SF
- Lot size
- 1.03 Acres
- Property subtype
- Industrial, Land
Listing Agency:
Coldwell Banker Commercial Schmitt Real Estate Company Big Pine Key
Listed By:
Lisa Ferringo · License #FL
Source:
Crexi
Added: Jun 12, 2024
Changed: Jul 23
Last Checked: Jul 23 at 5:52AM
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 Coldwell Banker Commercial Schmitt Real Estate Company Big Pine Key
Investment Insights
Based on property information with market context.
This flexible commercial building offers more than 11,000 square feet of space for a wide range of business uses. The property sits on a 44,866 square foot lot, providing room for practical on-site operations. With Mixed Use - Commercial zoning, the building can be adapted to support many different functions.
The property is located along US-1 in Marathon, Florida. Its main advantage is the versatility created by the combination of substantial building size and zoning flexibility.
For prospective buyers, the building’s size and zoning provide a straightforward foundation for tailoring the space to your operational needs, with the layout presented as a base for personalization for a new business venture.
The property is located along US-1 in Marathon, Florida. Its main advantage is the versatility created by the combination of substantial building size and zoning flexibility.
For prospective buyers, the building’s size and zoning provide a straightforward foundation for tailoring the space to your operational needs, with the layout presented as a base for personalization for a new business venture.
Key Highlights
- Over 11,000 SF commercial building
- 44,866 SF lot
- Mixed Use - Commercial zoning
Financial Insights For Industrial
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 | $128.5k | $20.16 |
| − Vacancy | −$6.2k | −$0.97 |
| EGI | $122.4k | $19.19 |
| − OpEx | −$36.7k | −$5.76 |
| NOI | $85.7k | $13.43 |
6,376 SF · lease $20.16/SF/yr · vacancy 4.80% · expense 30.00%
Alternative Uses
Best Use
Industrial
$1.22M
$1.07M – $1.43M
NOI $85,659 @ 7.0% cap · market cap 5.04%
Second Best
Flex RnD
$1.16M
$1.01M – $1.35M
NOI $81,114 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$2.56M
$2.24M – $2.99M
NOI $179,528 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Appraisal Certified Services, ...
Real Estate Agency
Coastal Docks LLC
Construction Company
Pearls of Wisdom Consulting ...
Tech Support Center
FAQs
What type of property is this?
Flex space - Large commercial building on a substantial lot with Mixed Use - Commercial zoning and adaptable interior space.
Where is this flex space located?
The property is located at 13371 Overseas Highway Marathon, FL.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Over 11,000 SF commercial building; 44,866 SF lot; Mixed Use - Commercial zoning
