Retail Space with Display
New
For Sale
Contact for pricing
400 Front Street, Key West, FL 33040
Built-in display windows support retail merchandising in a highly walkable tourist corridor.
Property Size10,075 SF
Price / SF$2.33
Days on Market7
Property Features for 400 Front Street
General Information
Standard status
Active
Size
10,075 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$25,563
Building Details
Building Size
10,075 SF
Year Built
1920
Listing Agency:
Berkshire Hathaway HomeServices Knight & Gardner Realty
Listed By:
Team Gardner/Langley · License #KWA.2032
(305) 902-2447
Source:
Keystoprealty
Added: Oct 21
Changed: Oct 26
Last Checked: Oct 26 at 3:16PM
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 retail space dates to 1920 and features built-in display windows suited to showcasing merchandise. The property is located along the Duval/Front corridor in Old Town Key West, where tourist foot traffic is noted. Its position on Front Street places it within the area’s retail corridor.
Key Highlights
- Built‑in display windows
- Located on Front Street in Old Town Key West
- Positioned along the Duval/Front corridor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$136,644
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,732,880
$2.7M
Cap Rate 7%
$1,952,057
$2.0M
Cap Rate 9%
$1,518,267
$1.5M
Market Conditions
NOI Build-Up for 10,075 SF
Gross rent
$217.6K $21.60/SF
− Vacancy
−$22.4K −$2.22/SF
EGI
$195.2K $19.38/SF
− OpEx
−$58.6K −$5.81/SF
NOI
$136.6K $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%
$2,732,880
Cap Rate 7%
$1,952,057
Cap Rate 9%
$1,518,267
Alternative Uses
Best Use
Retail
$1.95M
$1.71M – $2.28M
NOI $136,644 @ 7.0% cap · market cap 581.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.05M
$3.55M – $4.73M
NOI $283,680 @ 7.0% cap · market cap 1,207.15%
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
2,477
Businesses Nearby
97k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Hotels & Casinos 21%
Apparel 20%
Groceries 19%
La Concha Key West
Hotels & Casinos
20,542 visits/mo
0.3 miles
Wendy's
Dining
19,101 visits/mo
0.3 miles
Fausto's Food Palace
Groceries
10,002 visits/mo
0.4 miles
River Street Sweets
Groceries
8,601 visits/mo
0.3 miles
The Cafe
Dining
8,463 visits/mo
0.4 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 - Built-in display windows support retail merchandising in a highly walkable tourist corridor.
Where is this retail space located?
The property is located at 400 Front Street Key West, FL.
What are key features of this property?
This property features: Built‑in display windows; Located on Front Street in Old Town Key West; Positioned along the Duval/Front corridor
