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    Waterfront Redevelopment Opportunity in Marathon Title is generated by Realmo AI

    14 125Th Street Gulf, Marathon, FL 33050

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    For Sale
    $3,549,000

    MULTI_FAMILY - Other - Marathon, FL

    Property size:
    6,128 SF
    Lot size:
    1.57 Acres
    Price / SF:
    $579/SF
    Added:
    Mar 10, 2025
    Days on Market:
    439
    Last Refresh:
    May 22 at 2:06 pm

    Property Features for 14 125Th Street Gulf

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    MU - Mixed Use Commercial
    Bedrooms
    10
    Bathrooms
    9
    Rooms
    Bathroom 9, Bedroom 3, Bathroom 3, Bedroom 10, Bedroom 2, Bathroom 6, Bathroom 7, Bathroom 8, Bathroom 2, Bedroom 6, Bedroom 7, Bedroom 1, Bedroom 4, Bathroom 1, Bathroom 5, Bedroom 5, Bedroom 9, Bathroom 4, Bedroom 8
    Parking features
    RV, Open
    Window features
    Aluminum Frames
    Patio and Porch features
    Porch, Patio
    Pets allowed
    Yes
    Accessibility
    Accessible Approach with Ramp
    Appliances
    No Appliances
    Standard status
    Active
    APN
    00100540-000000
    Size
    6,128 SF
    Lot size
    1.57 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    5 66 33 FAT DEER KEY PT LOT 3 AND PT GOVT LOT 3 (AKA PT OLD ST RD 4A) G10-176 G21-125 G54-471 OR396-339 OR495-829 OR495
    Tax Annual Amount
    26627

    Utilities

    Cooling system
    Central Air
    Water front
    1

    Building Details

    Year built
    1995
    Number of units
    10
    Flooring type
    Concrete
    Building materials
    CBS, Concrete
    Roof type
    Concrete
    Architectural style
    Other

    We can help!

    Listing Contact
    Peter Schwarz-Top Producer

    Listing agent Peter Schwarz-Top Producer License #3301618

    Listing office LoKation Real Estate - Pompano Beach 1500 E Atlantic Blvd, Suite B, Pompano Beach, FL

    Listing date Mar 10, 2025

    MLS# 614550 Listing URL

    Copyright © 2026 Florida Keys Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • RARE 100' of waterfront property with DEEP WATER DOCKAGE APPROVED and easy Ocean‑Bay access.
    • Large 74,890 SQ FT site with approved Conditional Use PERMIT for multiple residential units.
    • MIXED USE ZONING allows for various commercial‑residential possibilities (hotel, market rate units, etc.).
    • Recertified 6,128 SQ FT CBS building on site, suitable for live‑work setup or redevelopment.
    • 200' HIGHWAY FRONTAGE and easy airport access.
    • SHORT‑TERM RENTAL FRIENDLY location.

    Overview

    This property presents a rare redevelopment opportunity with 100 feet of waterfront and approved deep water dockage. The site spans 74,890 square feet and features 200 feet of highway frontage. An approved Conditional Use PERMIT allows for 10 units and 4 affordable staff group home units. The mixed-use zoning offers various commercial-residential possibilities, including 10 market-rate units, higher density with affordable housing, or a boutique hotel with transient rights. The property includes a recertified two-story CBS building with 6,128 square feet and an additional 2,340 square feet of outdoor porches. This building can be adapted for a live-work setup or renovated to suit various purposes. Located near Vaca Cut, the property offers easy access to the Ocean-Bay and the airport. Short-term rentals are permitted. Six TBR's are available to add on, more are available. No TDR's required for pure commercial use!
    Property Profile Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Real Estate Agency Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Marathon
    County
    Monroe
    State
    Florida
    Longitude
    -81.024842
    Latitude
    24.732394

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    FAQs

    What type of property is this?
    Mixed-use property - Rare waterfront property with redevelopment potential and deep water dockage.
    Where is this mixed-use property located?
    The property is located at 14 125Th Street Gulf Marathon, FL.
    What is the asking price?
    The asking price for this property is $3,549,000.
    What are key features of this property?
    This property features: RARE 100' of waterfront property with DEEP WATER DOCKAGE APPROVED and easy Ocean‑Bay access.; Large 74,890 SQ FT site with approved Conditional Use PERMIT for multiple residential units.; MIXED USE ZONING allows for various commercial‑residential possibilities (hotel, market rate units, etc.).
    (305) 781-5704
    We can help!
    Listing Contact
    Peter Schwarz-Top Producer
    Real Estate License ID: 3301618
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    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.

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