Office Unit with Highway
New
For Sale
$395,000
5701 Overseas Highway Unit 1, Marathon, FL 33050
A reception area, three private offices, a kitchen, and a half bath create a professional workspace.
Property Size1,128 SF
Price / SF$350.18
Days on Market5
Property Features for 5701 Overseas Highway Unit 1
General Information
Standard status
Active
Size
1,128 SF
Property subtype
Commercial
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
1
Tenant in Place
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$2,643
Building Details
Building Size
1,128 SF
Year Built
1979
Tenancy
Multi
Listing Agency:
Coldwell Banker Schmitt Real Estate Co.
Listed By:
Amy Puto · License #3012615
(305) 766-1745
Source:
Islandwelcomerealestate
Added: Oct 30
Last Checked: Nov 3 at 7:48AM
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.
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Investment Insights
Based on property information with market context.
This 1,128 SF office unit includes a reception area with a built-in desk, three private offices, a kitchen, and a half bath. Windows surround the space, bringing natural light into the interior. The building was constructed in 1979.
The unit is part of a 17-unit office complex and is the only unit in the complex with direct frontage on Overseas Highway. It is currently occupied and scheduled for vacant delivery as of July 1st.
The unit is part of a 17-unit office complex and is the only unit in the complex with direct frontage on Overseas Highway. It is currently occupied and scheduled for vacant delivery as of July 1st.
Key Highlights
- Only unit in the 17‑unit complex with direct Overseas Highway frontage
- 1,128 SF office unit
- Reception area with built‑in desk, three private offices, kitchen, and half bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,268
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$425,360
$425.4K
Cap Rate 7%
$303,829
$303.8K
Cap Rate 9%
$236,311
$236.3K
Market Conditions
NOI Build-Up for 1,128 SF
Gross rent
$33.8K $30.00/SF
− Vacancy
−$5.5K −$4.86/SF
EGI
$28.4K $25.14/SF
− OpEx
−$7.1K −$6.29/SF
NOI
$21.3K $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%
$425,360
Cap Rate 7%
$303,829
Cap Rate 9%
$236,311
Alternative Uses
Best Use
Office B
$303.8K
$265.9K – $354.5K
NOI $21,268 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
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.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
1
Office units
100%
Occupancy
Multi-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
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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 - A reception area, three private offices, a kitchen, and a half bath create a professional workspace.
Where is this office unit 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: Only unit in the 17‑unit complex with direct Overseas Highway frontage; 1,128 SF office unit; Reception area with built‑in desk, three private offices, kitchen, and half bath
