Mixed-Use Flex Industrial
For Sale
Contact for pricing
Pending
13371 Overseas Highway, Marathon, FL 33050
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 Market867
Property Features for 13371 Overseas Highway
General Information
Standard status
Pending
Size
6,376 SF
Lot size
1.03 Acres
Property subtype
Industrial, Land
Zoning
Mixed Use - Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
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: Oct 25
Last Checked: Oct 24 at 3:36PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$85,659
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,713,180
$1.7M
Cap Rate 7%
$1,223,700
$1.2M
Cap Rate 9%
$951,767
$951.8K
Market Conditions
NOI Build-Up for 6,376 SF
Gross rent
$128.5K $20.16/SF
− Vacancy
−$6.2K −$0.97/SF
EGI
$122.4K $19.19/SF
− OpEx
−$36.7K −$5.76/SF
NOI
$85.7K $13.43/SF
Area
Monroe County, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,713,180
Cap Rate 7%
$1,223,700
Cap Rate 9%
$951,767
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 authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33050, FL
10,479
Population
7,314
Households
1.4
Avg Household Size
50
Median Age
34%
College-Educated
90%
High-School Grad
9.1 sq mi
ZIP Area
1,152
Density / Sq Mi
$83,243
Median Household Income
$40,006
Median Earnings
$1,611
Median Rent
$705,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
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
