Renovated Four-Office
For Sale
Contact for pricing
29872 Overseas Highway Unit 1, Big Pine Key, FL 33043
The elevated suite includes a shared common area and two restrooms for professional office use.
Property Size1,440 SF
Price / SF$2.43
Days on Market8
Property Features for 29872 Overseas Highway Unit 1
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Condition
Newly Renovated
Property Use
Office
Building Details
Building Size
1,440 SF
Year Built
1989
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeServices Knight & Gardner Realty
Listed By:
Team Gardner/Langley · License #KWA.2032
(305) 902-2447
Source:
Islandwelcomerealestate
Added: Oct 21
Changed: Oct 27
Last Checked: Oct 27 at 3:57AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office unit occupies an elevated building and has been renovated. Its 1,440 square feet include four private offices, a common area and two restrooms. The building dates to 1989.
The property is on Overseas Highway in Big Pine Key, with a dentist office as its neighbor.
The property is on Overseas Highway in Big Pine Key, with a dentist office as its neighbor.
Key Highlights
- 1,440 SF office unit
- Four private offices and a shared common area
- Two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,151
Suggested Prices Based on Cap Rates
Cap Rate 5%
$543,020
$543.0K
Cap Rate 7%
$387,871
$387.9K
Cap Rate 9%
$301,678
$301.7K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$43.2K $30.00/SF
− Vacancy
−$7.0K −$4.86/SF
EGI
$36.2K $25.14/SF
− OpEx
−$9.1K −$6.29/SF
NOI
$27.2K $18.86/SF
Area
Monroe County, FL
Vacancy
16.20%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$543,020
Cap Rate 7%
$387,871
Cap Rate 9%
$301,678
Alternative Uses
Best Use
Office B
$387.9K
$339.4K – $452.5K
NOI $27,151 @ 7.0% cap · market cap 775.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$579.2K
$506.8K – $675.8K
NOI $40,546 @ 7.0% cap · market cap 1,158.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
362
Businesses Nearby
Explore this area
Business Placement
Demographics for 33043, FL
4,661
Population
3,003
Households
1.6
Avg Household Size
54
Median Age
27%
College-Educated
94%
High-School Grad
16.6 sq mi
ZIP Area
281
Density / Sq Mi
$92,955
Median Household Income
$47,194
Median Earnings
$2,017
Median Rent
$563,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The elevated suite includes a shared common area and two restrooms for professional office use.
Where is this office unit located?
The property is located at 29872 Overseas Highway Unit 1 Big Pine Key, FL.
What are key features of this property?
This property features: 1,440 SF office unit; Four private offices and a shared common area; Two restrooms
