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    Ramrod Key Commercial Property Title is generated by Realmo AI

    27001 Overseas Highway, Ramrod Key, FL 33042

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    Claim this Listing
    For Sale
    $1,250,000

    COMMERCIAL - Ramrod Key, FL

    Property size:
    1,234 SF
    Lot size:
    0.65 Acres
    Price / SF:
    $1,012/SF
    Added:
    Feb 6, 2026
    Days on Market:
    105
    Last Refresh:
    May 22 at 6:06 pm

    Property Features for 27001 Overseas Highway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    SC - Sub Urban Commercial
    Bedrooms
    1
    Bathrooms
    3
    Rooms
    Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 1
    Standard status
    Active
    APN
    00207400-000000
    Size
    1,234 SF
    Lot size
    0.65 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    BK 3 LTS 9, 10 & 11 RAMROD SHORES PB4-6 RAMROD KEY OR359-325 OR359-327 OR414-932 OR623-106 OR817-486D/C OR910-2122 OR118
    Tax Annual Amount
    10949

    Utilities

    Cooling system
    Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1958
    Floors in Building
    1
    Building materials
    CBS
    Roof type
    Other

    We can help!

    Listing Contact
    Curtis A Skomp, CCIM
    Curtis A Skomp, CCIM

    Listing agent Curtis A Skomp, CCIM License #263500131

    Listing office RE/MAX Keys Connection (KW) 517 DUVAL STREET SUITE 200, Summerland Key, FL

    Listing date Feb 6, 2026

    MLS# 618580

    Copyright © 2026 Key West Association 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

    • Prime commercial property with 189' frontage on Overseas Highway (Jimmy Buffett Memorial Hwy) and excellent visibility.
    • Three lots totaling 28,132 sf (.65 acres) with favorable SC- Suburban Commercial zoning allowing for many uses.
    • Corner lot with access from Overseas Hwy, Coral Ave, and Old State Rd. 4A, providing ample ingress/egress.
    • Existing 1,434 sf CBS building on site, suitable for redevelopment or use as offices/residential.
    • Property is fenced with many parking spaces, a shallow water well for irrigation, and multiple outbuildings.
    • Limited supply of SC zoned commercial lots available in the Lower Keys.

    Overview

    Located on Ramrod Key, this commercial property offers a prime location with 28,132 square feet (0.65 acres) and approximately 189 feet of frontage on Overseas Highway, also known as Jimmy Buffett Memorial Highway. The corner lot at Coral Ave and Overseas Hwy benefits from high visibility and additional rear access off Old State Rd. 4A, providing ample ingress and egress for various vehicles. The property is zoned SC - Suburban Commercial, allowing for a range of commercial uses. Potential uses include contractor services, retail, marine/boat/trailer/RV sales, or a convenience store. The lot is fenced and includes parking spaces. A shallow water well is available for irrigation. An existing 1,434 square foot CBS building is on-site, suitable for redevelopment or use as offices with possible residential conversion. Additional structures include a Tiki Hut, a storage building with a half bath, a potting shed, and another utility building. Historically used as a homesteaded property, the ROGO status is pending determination by the County. The property's location and features make it suitable for various commercial endeavors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Turtle Island Garden ... Garden Center

    Suggested Use

    Real Estate Agency Restaurant Law Firm Auto Repair Shop Big Box & Wholesale Store Hotel & Motel Auto Parts Store Bar & Pub Food Market Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ramrod Key
    County
    Monroe
    State
    Florida
    Longitude
    -81.411734
    Latitude
    24.661466

    FAQs

    What type of property is this?
    Commercial land - Commercial property on Ramrod Key with highway frontage.
    Where is this commercial land located?
    The property is located at 27001 Overseas Highway Ramrod Key, FL.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Prime commercial property with **189' frontage on Overseas Highway (Jimmy Buffett Memorial Hwy)** and excellent visibility.; Three lots totaling 28,132 sf (.65 acres) with favorable SC- Suburban Commercial zoning allowing for many uses.; Corner lot with access from Overseas Hwy, Coral Ave, and Old State Rd. 4A, providing ample ingress/egress.
    (305) 745-9088
    We can help!
    Listing Contact
    Curtis A Skomp, CCIM
    Curtis A Skomp, CCIM
    Real Estate License ID: 263500131
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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.

    More about this property
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