Retail Suite in Strip
431 Front Street #5, Key West, FL 33040
For Sale
Contact for pricing
The storefront is on Front Street, across from Mallory Square in Key West.
Property Size326 SF
Price / SF$16.26
Days on Market193
Property Features for 431 Front Street #5
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Berkshire Hathaway HomeServices Knight & Gardner Realty
Listed By:
Team Gardner/Langley · License FL KWA.2032
(305) 902-2447
Source:
Keystoprealty
Added: May 4
Changed: Nov 1
Last Checked: Nov 12 at 9:43AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 326-square-foot retail suite is part of a strip center at 431 Front Street in Key West. The property was built in 1976.
The center is across from Mallory Square and includes Haagen-Dazs, SeaBags, and Green House among its businesses.
The center is across from Mallory Square and includes Haagen-Dazs, SeaBags, and Green House among its businesses.
Key Highlights
- 326‑square‑foot retail suite in a strip center
- Front Street address across from Mallory Square
- Center includes Haagen‑Dazs, SeaBags, and Green House
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,421
Suggested Prices Based on Cap Rates
Cap Rate 5%
$88,420
$88.4K
Cap Rate 7%
$63,157
$63.2K
Cap Rate 9%
$49,122
$49.1K
Market Conditions
NOI Build-Up for 326 SF
Gross rent
$7.0K $21.60/SF
− Vacancy
−$725 −$2.22/SF
EGI
$6.3K $19.38/SF
− OpEx
−$1.9K −$5.81/SF
NOI
$4.4K $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%
$88,420
Cap Rate 7%
$63,157
Cap Rate 9%
$49,122
Alternative Uses
Best Use
Retail
$63.2K
$55.3K – $73.7K
NOI $4,421 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$131.1K
$114.7K – $153.0K
NOI $9,179 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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
$766,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Key West, FL
Properties on Market for Retail space in Key West
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The storefront is on Front Street, across from Mallory Square in Key West.
Where is this retail space located?
The property is located at 431 Front Street #5 Key West, FL.
What are key features of this property?
This property features: 326‑square‑foot retail suite in a strip center; Front Street address across from Mallory Square; Center includes Haagen‑Dazs, SeaBags, and Green House
