High-Exposure Office
For Sale
$395,000
5701 Overseas Highway Unit 1, Marathon, FL 33050
Freestanding-style office suite with highway frontage, reception, three private offices, and kitchen and half bath.
Property Size1,128 SF
Price / SF$350.18
Days on Market129
Property Features for 5701 Overseas Highway Unit 1
General Information
Standard status
Active
Size
1,128 SF
Property subtype
General Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
1
Building Details
Year Built
1979
Tenancy
Single
Listing Agency:
Coldwell Banker Schmitt Real Estate Co.
(305) 766-1745
Listed By:
Amy Puto · License #3012615
(305) 766-1745
Source:
Xome
Added: Mar 26
Changed: Jul 10
Last Checked: Jun 15 at 1:42AM
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 Coldwell Banker Schmitt Real Estate Co.
Investment Insights
Based on property information with market context.
Unit 1 is the only office in the First Professional Centre and offers 1,128 SF of versatile, professional space. The layout features a welcoming reception area with a built-in desk, three spacious private offices, a convenient kitchen area, and a half bath. Windows throughout the suite bring in natural light, supporting a bright, client-friendly environment for day-to-day operations.
The suite is positioned in a 17-unit complex with direct frontage on Overseas Highway, creating a highly visible address for client traffic and business branding. Unit 1 will be delivered vacant as of July 1, providing a clean transition for the next tenant or owner.
This configuration suits a range of office users seeking a focused professional footprint, including medical, legal, accounting, or other service-oriented practices that benefit from a dedicated reception and multiple private offices. With its single-suite positioning and established office layout, Unit 1 offers a straightforward fit for organizations that want a polished, ready-to-occupy workplace plan once vacant.
The suite is positioned in a 17-unit complex with direct frontage on Overseas Highway, creating a highly visible address for client traffic and business branding. Unit 1 will be delivered vacant as of July 1, providing a clean transition for the next tenant or owner.
This configuration suits a range of office users seeking a focused professional footprint, including medical, legal, accounting, or other service-oriented practices that benefit from a dedicated reception and multiple private offices. With its single-suite positioning and established office layout, Unit 1 offers a straightforward fit for organizations that want a polished, ready-to-occupy workplace plan once vacant.
Key Highlights
- Freestanding‑style office suite in First Professional Centre with direct Overseas Highway frontage for visibility
- Unit is the only secure unit in a 17‑unit complex and offers 1,128 SF of versatile space
- Office layout includes a reception area with built‑in desk, three private offices, kitchen area, and a half bath
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.8k | $30.00 |
| − Vacancy | −$5.5k | −$4.86 |
| EGI | $28.4k | $25.14 |
| − OpEx | −$7.1k | −$6.29 |
| NOI | $21.3k | $18.86 |
1,128 SF · lease $30.00/SF/yr · vacancy 16.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$303.8K
$265.9K – $354.5K
NOI $21,268 @ 7.0% cap · market cap 5.38%
Second Best
Healthcare Medical
$218.8K
$191.5K – $255.3K
NOI $15,316 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$453.7K
$397.0K – $529.4K
NOI $31,761 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
581
Businesses Nearby
Explore this area
Business Placement
Demographics for 33050, FL
10,479
Population
7,314
Households
1.4
Avg Household Size
50
Median Age
34%
College-Educated
90%
High-School Grad
9.1 sq mi
ZIP Area
1,152
Density / Sq Mi
$83,243
Median Household Income
$40,006
Median Earnings
$1,611
Median Rent
$705,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Freestanding-style office suite with highway frontage, reception, three private offices, and kitchen and half bath.
Where is this office units located?
The property is located at 5701 Overseas Highway Unit 1 Marathon, FL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Freestanding‑style office suite in First Professional Centre with direct Overseas Highway frontage for visibility; Unit is the only secure unit in a 17‑unit complex and offers 1,128 SF of versatile space; Office layout includes a reception area with built‑in desk, three private offices, kitchen area, and a half bath
