Updated Office Unit with Waiting
New
For Sale
$275,000
5701 Overseas Highway Unit 5, Marathon, FL 33050
The interior is arranged with a reception desk, waiting area, three private rooms and a full bathroom.
Property Size947 SF
Price / SF$290.39
Days on Market7
Property Features for 5701 Overseas Highway Unit 5
General Information
Standard status
Active
Size
947 SF
Property subtype
Commercial
Additional Details
Property Use
Office
Taxes and HOA fees
Annual Taxes
$2,299
Building Details
Building Size
947 SF
Year Built
1979
Listing Agency:
Coldwell Banker Schmitt Real Estate Co.
Listed By:
Lynn O Goodwin · License #471296
(305) 923-9487
Source:
Islandwelcomerealestate
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 Coldwell Banker Schmitt Real Estate Co.
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 947-square-foot office suite in First Professional Center has a reception desk, a waiting area, three separate rooms and one full bathroom. The unit is described as updated and was built in 1979.
Located at 5701 Overseas Highway in Marathon, the office is in the center of the city. The suite is identified as suitable for medical, legal and other professional office uses.
Located at 5701 Overseas Highway in Marathon, the office is in the center of the city. The suite is identified as suitable for medical, legal and other professional office uses.
Key Highlights
- 947‑square‑foot office unit
- Three separate rooms, reception desk and waiting area
- One full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,856
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,120
$357.1K
Cap Rate 7%
$255,086
$255.1K
Cap Rate 9%
$198,400
$198.4K
Market Conditions
NOI Build-Up for 947 SF
Gross rent
$28.4K $30.00/SF
− Vacancy
−$4.6K −$4.86/SF
EGI
$23.8K $25.14/SF
− OpEx
−$6.0K −$6.29/SF
NOI
$17.9K $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%
$357,120
Cap Rate 7%
$255,086
Cap Rate 9%
$198,400
Alternative Uses
Best Use
Office B
$255.1K
$223.2K – $297.6K
NOI $17,856 @ 7.0% cap · market cap 6.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$380.9K
$333.3K – $444.4K
NOI $26,664 @ 7.0% cap · market cap 9.70%
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
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The interior is arranged with a reception desk, waiting area, three private rooms and a full bathroom.
Where is this office unit located?
The property is located at 5701 Overseas Highway Unit 5 Marathon, FL.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 947‑square‑foot office unit; Three separate rooms, reception desk and waiting area; One full bathroom
