Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    903 Duval St Key West, FL 33040

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,290,000

    Valuable, unrestricted 5-COP liquor license available in Monroe County.

    Property Features for 903 Duval St

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Greg Dully
    Greg Dully
    Source: Crexi

    Listing Agency: RE/MAX All Keys Real Estate Listing Agent: Greg Dully

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Unrestricted Liquor License For Sale

    An unrestricted 5-COP liquor license is available for sale, valid for all of Monroe County, including all municipalities. The license is subject to local zoning regulations and is identified as BEV5400004. Unrestricted COP liquor licenses are rare in the Keys due to the limited number of licenses in Monroe County. The license can potentially be used for a full liquor bar without food restrictions, or a retail package liquor store. The buyer is responsible for paying all transfer fees at closing and application fees in advance. Viva's is currently operating and obtaining an SRS Liquor License.
    Location Intelligence

    Current Use by Public Records

    Viva Argentinian Steakhouse Restaurant

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Pharmacy Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Key West
    County
    Monroe
    State
    Florida
    Longitude
    -81.7995748
    Latitude
    24.5518856

    Nearby Similar for Sale

    • New
      $449,000
      665 SF

      Turnkey Office Condo in Old Town

      Renovated 665 SF office condo in Key West.
      812 Fleming St, Key West, FL 33040
      View Details
    • $485,000

      Old Town Commercial Condo Opportunity

      Versatile commercial condo in the heart of Old Town Key West.
      1012 Truman Ave, Key West, FL 33040
      View Details
    • $749,000
      1,491 SF

      New Mixed-Use Development in Key West

      New commercial space in mixed-use development, completion end of 2026.
      3201 Flagler Ave, Key West, FL 33040
      View Details
    • New
      $3,375,000
      2,396 SF

      Key West Bar and Liquor Store

      Iconic bar and liquor store with drive-through in Key West.
      1000-1006 Truman Ave, Key West, FL 33040
      View Details
    • $779,000
      1,169 SF

      Updated Commercial Condo For Sale

      Commercial condo with recent updates, impact windows, and assigned parking.
      1200 White St, Key West, FL 33040
      View Details
    • $2,699,000
      2,396 SF

      Prime Corner Location on Truman

      Commercial property with high visibility and multiple potential uses.
      1000 Truman Ave, Key West, FL 33040
      View Details
    • $689,000
      892 SF

      Commercial Space in Old Town

      Centrally located commercial space in Key West's Old Town.
      1202 White St, Key West, FL 33040
      View Details
    • $799,999
      1,300 SF

      Prime Commercial Space in Old Town

      Centrally located commercial space in Key West's Old Town.
      1206 White St, Key West, FL 33040
      View Details
    • $1,205,000
      2,045 SF

      Renovated Key West Office Building

      Income-producing, renovated two-story office building in Key West, Florida.
      3140 Northside Dr, Key West, FL 33040
      View Details
    • $599,000

      Key West Office Condo Investment

      Fully leased office condo with strong tenant and ocean view.
      3718 N Roosevelt Blvd, Key West, FL 33040
      View Details
    • Contact for pricing
      600 SF

      Updated Office Space Available

      Newly updated 600 sq. ft. office space for sale.
      3154 Northside Dr, Key West, FL 33040
      View Details
    • $2,095,000

      Historic Key West Retail Investment

      Historic Key West property with three commercial units and high occupancy.
      718 Caroline St, Key West, FL 33040
      View Details

    FAQs

    What type of property is this?
    Retail space - Valuable, unrestricted 5-COP liquor license available in Monroe County.
    Where is this retail space located?
    The property is located at 903 Duval St Key West, FL.
    What is the asking price?
    The asking price for this property is $1,290,000.
    What are key features of this property?
    This property features: - Unrestricted 5-COP Liquor License: Operate a full liquor bar or retail package liquor store.; - Valid Throughout Monroe County: Offers location flexibility within the entire county.; - Rare Availability: Unrestricted COP liquor licenses are scarce in the Florida Keys.
    (305) 900-4232
    Request Owner's contact information
    903 Duval St Key West, FL 33040
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    903 Duval St
    Key West, FL 33040
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    903 Duval St Key West, FL 33040
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Greg Dully
    Greg Dully
    Real Estate License ID: SL3420625
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!