81901 Overseas Hwy Islamorada, FL 33036
Iconic restaurant property with high visibility and flexible commercial zoning.
Property Features for 81901 Overseas Hwy
General Information
- Standard status
- Active
- Property type
- Conventional restaurants, Restaurants
- Size
- 4,942 SF
- Class
- A
- Elevators
- No
- Lot size
- 0.38 Acres
Building Details
- Year Built
- 1947
- Buildings
- 1
- Stories
- 1
Listing agent Greg License #SL3420625 (305) 900-4232
Listing office RE/MAX All Keys Real Estate (305) 900-4232
Listing date Feb 17, 2026
Investment Insights
Based on property information with market context.
Key Highlights
- 📍 Property Overview
- Address: 81901 Overseas Hwy, Islamorada, FL 33036, Monroe County
- Property Type: Retail / Hospitality – Restaurant use (single tenant)
Local Financial Insights For Specialty Retail
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 | $106.7k | $21.60 |
| − Vacancy | −$4.8k | −$0.97 |
| EGI | $101.9k | $20.63 |
| − OpEx | −$25.5k | −$5.16 |
| NOI | $76.5k | $15.47 |