Street-Front Retail
For Sale
Contact for pricing
221 Duval Street 2, Key West, FL 33040
The space contains a walk-in cooler, a bar area, and a private restroom.
Property Size635 SF
Price / SF$16.54
Days on Market140
Property Features for 221 Duval Street 2
General Information
Standard status
Active
Size
635 SF
Property subtype
Commercial
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$34,042
Amenities
walk-in cooler
bar area
private restroom
Building Details
Building Size
635 SF
Year Built
1919
Listing Agency:
Berkshire Hathaway HomeServices Knight & Gardner Realty
Listed By:
Team Gardner/Langley · License #KWA.2032
(305) 902-2447
Source:
Keystoprealty
Added: Jun 10
Changed: Oct 26
Last Checked: Oct 26 at 2:26PM
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 Berkshire Hathaway HomeServices Knight & Gardner Realty
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Investment Insights
Based on property information with market context.
This 635-square-foot retail space at 221 Duval Street includes a walk-in cooler, a bar area, and a private restroom. The building dates to 1919.
The storefront is on Duval Street in Key West, Florida.
The storefront is on Duval Street in Key West, Florida.
Key Highlights
- 635 SF of retail space at 221 Duval Street
- Street‑front storefront in Key West
- Walk‑in cooler and bar area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,612
Suggested Prices Based on Cap Rates
Cap Rate 5%
$172,240
$172.2K
Cap Rate 7%
$123,029
$123.0K
Cap Rate 9%
$95,689
$95.7K
Market Conditions
NOI Build-Up for 635 SF
Gross rent
$13.7K $21.60/SF
− Vacancy
−$1.4K −$2.22/SF
EGI
$12.3K $19.38/SF
− OpEx
−$3.7K −$5.81/SF
NOI
$8.6K $13.56/SF
Area
Monroe County, FL
Vacancy
10.30%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$172,240
Cap Rate 7%
$123,029
Cap Rate 9%
$95,689
Alternative Uses
Best Use
Retail
$123.0K
$107.7K – $143.5K
NOI $8,612 @ 7.0% cap · market cap 82.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$255.4K
$223.5K – $298.0K
NOI $17,880 @ 7.0% cap · market cap 170.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,899
Businesses Nearby
97k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Hotels & Casinos 21%
Groceries 19%
Apparel 13%
La Concha Key West
Hotels & Casinos
20,542 visits/mo
0.2 miles
Wendy's
Dining
19,101 visits/mo
0.2 miles
Fausto's Food Palace
Groceries
10,002 visits/mo
0.3 miles
River Street Sweets
Groceries
8,601 visits/mo
0.2 miles
The Cafe
Dining
8,463 visits/mo
0.3 miles
Demographics for 33040, FL
35,958
Population
19,001
Households
1.9
Avg Household Size
44
Median Age
38%
College-Educated
92%
High-School Grad
17.7 sq mi
ZIP Area
2,032
Density / Sq Mi
$79,038
Median Household Income
$42,458
Median Earnings
$2,079
Median Rent
$766,400
Median Home Value
Check the figures for this property
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?
Retail space - The space contains a walk-in cooler, a bar area, and a private restroom.
Where is this retail space located?
The property is located at 221 Duval Street 2 Key West, FL.
What are key features of this property?
This property features: 635 SF of retail space at 221 Duval Street; Street‑front storefront in Key West; Walk‑in cooler and bar area
