Gas
1415 OVERSEAS HWY, Marathon, FL 33050
For Sale
Contact for pricing
The property is identified as a Circle K location in Marathon, Florida.
Property Size8,482 SF
Price / SF$512.59
Days on Market52
Property Features for 1415 OVERSEAS HWY
General Information
Standard status
Size
Property subtype
Listing Agency:
Matthews
Listed By:
Jake Stockton · License FL #02362981
(657) 284-6696
Source:
Crexi
Added: Sep 21
Changed: Nov 2
Last Checked: Nov 10 at 7:30AM
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 Matthews
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Investment Insights
Based on property information with market context.
This gas station property is identified as a Circle K location at 1415 Overseas Hwy in Marathon, Florida. The available property details also identify the asset as retail space and provide a building area of 8,482 square feet.
Key Highlights
- Circle K‑branded gas station
- 8,482 SF building area
- 1415 Overseas Hwy address in Marathon, Florida
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$131,225
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,624,500
$2.6M
Cap Rate 7%
$1,874,643
$1.9M
Cap Rate 9%
$1,458,056
$1.5M
Market Conditions
NOI Build-Up for 8,482 SF
Gross rent
$183.2K $21.60/SF
− Vacancy
−$8.2K −$0.97/SF
EGI
$175.0K $20.63/SF
− OpEx
−$43.7K −$5.16/SF
NOI
$131.2K $15.47/SF
Area
Monroe County, FL
Vacancy
4.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,624,500
Cap Rate 7%
$1,874,643
Cap Rate 9%
$1,458,056
Alternative Uses
Best Use
Specialty Retail
$1.87M
$1.64M – $2.19M
NOI $131,225 @ 7.0% cap · market cap 3.02%
Second Best
Retail
$1.64M
$1.44M – $1.92M
NOI $115,038 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$3.41M
$2.99M – $3.98M
NOI $238,826 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
288
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Gas station - The property is identified as a Circle K location in Marathon, Florida.
Where is this gas station located?
The property is located at 1415 OVERSEAS HWY Marathon, FL.
What is the asking price?
The asking price for this property is $4,347,825.
What are key features of this property?
This property features: Circle K‑branded gas station; 8,482 SF building area; 1415 Overseas Hwy address in Marathon, Florida
