Two-Story Medical Office
91760 Overseas Highway Key Largo, FL 33070
For Sale
$1,469,000
Two-story office building with mezzanine-level storage and impact-resistant windows and doors.
Property Size2,562 SF
Price / SF$573.38
Days on Market342
Property Features for 91760 Overseas Highway
General Information
- Standard status
- Active
- Size
- 2,562 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1987
Listing Agency:
(786) 236-8158
Listed By:
Coldwell Banker Schmitt Key Largo
(786) 236-8158
Source:
Xome
Added: Aug 17, 2025
Changed: Jul 23
Last Checked: Jul 24 at 5:32AM
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 Key Largo
Investment Insights
Based on property information with market context.
The Tavernier Business Center is a two-story office property configured as a shared office, currently operating with nine tenants on month-to-month leases. The building includes impact-resistant windows and doors and has been upgraded with exterior enhancements, along with mezzanine-level storage.
The property is positioned on US-1 frontage in the center of Tavernier’s business district, with street-to-street access from Tavernier Street to the Overseas Highway (US-1). It is described as being in a no-flood X zone and is located minutes from Mariners Hospital.
This layout supports both patient-facing and administrative use, with the ground floor intended for seeing patients and the second floor suited for administrative office functions.
The property is positioned on US-1 frontage in the center of Tavernier’s business district, with street-to-street access from Tavernier Street to the Overseas Highway (US-1). It is described as being in a no-flood X zone and is located minutes from Mariners Hospital.
This layout supports both patient-facing and administrative use, with the ground floor intended for seeing patients and the second floor suited for administrative office functions.
Key Highlights
- Two‑story office building on US‑1 frontage with street‑to‑street access from Tavernier Street to the Overseas Highway (US‑1)
- Mezzanine‑level storage and guest facilities (3)
- Impact‑resistant windows and doors, plus Island‑style exterior enhancements
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 | $76.9k | $30.00 |
| − Vacancy | −$12.5k | −$4.86 |
| EGI | $64.4k | $25.14 |
| − OpEx | −$16.1k | −$6.29 |
| NOI | $48.3k | $18.86 |
2,562 SF · lease $30.00/SF/yr · vacancy 16.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$690.1K
$603.8K – $805.1K
NOI $48,307 @ 7.0% cap · market cap 3.29%
Second Best
Healthcare Medical
$496.9K
$434.8K – $579.8K
NOI $34,786 @ 7.0% cap · market cap 2.37%
Theoretical Best
Office A
$1.03M
$901.7K – $1.20M
NOI $72,138 @ 7.0% cap · market cap 4.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Coworking space
FAQs
What type of property is this?
Coworking space - Two-story office building with mezzanine-level storage and impact-resistant windows and doors.
Where is this coworking space located?
The property is located at 91760 Overseas Highway Key Largo, FL.
What is the asking price?
The asking price for this property is $1,469,000.
What are key features of this property?
This property features: Two‑story office building on US‑1 frontage with street‑to‑street access from Tavernier Street to the Overseas Highway (US‑1); Mezzanine‑level storage and guest facilities (3); Impact‑resistant windows and doors, plus Island‑style exterior enhancements
