Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Lot 24 Gardenia St Plantation Key, FL 33070

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $424,000

    Land available in Plantation Key, Florida.

    Type:Land
    Added:
    Oct 7, 2025
    Days on Market:
    194
    Last Refresh:
    Mar 16 at 8:25 am

    Property Features for Lot 24 Gardenia St

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Peter Schwarz-Top Producer

    Listing agent Peter Schwarz-Top Producer

    Listing office

    Listing date Oct 7, 2025

    Source Evrealestate

    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 Peter Schwarz-Top Producer

    Overview

    Plantation Key Land For Sale

    This property is a land parcel located in Plantation Key, Florida, specifically identified as Lot 24 Gardenia St, Plantation Key, FL 33070, situated in Monroe County.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Plantation Key
    County
    Monroe
    State
    Florida
    Longitude
    -80.538742
    Latitude
    24.999302

    Nearby Similar for Sale

    • $1,469,000

      Tavernier Business Center For Sale

      Prime commercial property with US-1 frontage in Tavernier's business district.
      91760 Overseas Highway, Plantation Key, FL 33070
      View Details
    • $8,500,000

      Profitable Marina & Resort Opportunity

      Profitable marina and resort with multiple income streams.
      200 Treasure Harbor Drive, Plantation Key, FL 33036
      View Details
    • $1,195,000

      Two-Story Office Building in Islamorada

      Two-story Key West-inspired building with income potential in Islamorada.
      88101 Old Highway, Plantation Key, FL 33036
      View Details
    • $30,000,000

      Turnkey Marina and Boat Sales Facility

      Fully operational marina and boat sales facility in Plantation Key, FL.
      90400 Overseas Highway, Plantation Key, FL 33070
      View Details
    • $2,400,000

      Plantation Key Commercial Building For Sale

      Professionally designed commercial building with ample parking and prominent signage.
      88701 Overseas Highway, Plantation Key, FL 33070
      View Details
    • $6,800,000

      Waterfront Restaurant & Marina Investment

      Tavernier marina and restaurant with ocean access and dockage.
      90311 Old Highway, Plantation Key, FL 33070
      View Details
    • $369,000

      Plantation Key Vacant Land Opportunity

      Vacant land with building rights in Plantation Key, Florida.
      135 Airstream Lane, Plantation Key, FL 33070
      View Details
    • $6,995,000

      Unique Marina & Resort Opportunity

      Marina and resort with deep water access in Islamorada, Florida.
      200 Treasure Harbor Drive, Plantation Key, FL 33036
      View Details
    • $424,000

      Plantation Key Waterfront Lot

      Waterfront lot with deep water access and owner financing.
      Lot 24 Gardenia St, Plantation Key, FL 33070
      View Details
    • $424,000

      Plantation Key Waterfront Land

      Rare waterfront lot with deep water access in Plantation Key.
      Lot 24 Gardenia Street, Plantation Key, FL 33070
      View Details
    • $950,000

      Waterfront Land in Plantation Key

      Waterfront canal lot ready for your dream home.
      148 Tequesta Street, Plantation Key, FL 33070
      View Details
    • $1,379,000

      Plantation Key Waterfront Double Lot

      Rare opportunity to build on a huge waterfront double lot.
      Lot 25-24 140 Gardenia St, Plantation Key, FL 33070
      View Details

    FAQs

    What type of property is this?
    Land - Land available in Plantation Key, Florida.
    Where is this land located?
    The property is located at Lot 24 Gardenia St Plantation Key, FL.
    What is the asking price?
    The asking price for this property is $424,000.
    What are key features of this property?
    This property features: Canal View; Located in Monroe County
    (305) 781-5704
    We can help!
    Listing Contact
    Peter Schwarz-Top Producer
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!