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Office Unit with Courtyard Seating
For Lease
$3,200/Mo

951 Caroline Street, Key West, FL 33040

Commercial Lease, Key West, FL

Space SizeContact for details
Days on Market440

Property Features for 951 Caroline Street

General Information

Property type Commercial Lease
Property subtype Other
Bathrooms 1
Half bathrooms 1
Rooms Bathroom 1
Subdivision Old Town - Unlisted (1.0)
Standard status Active
APN 1003069
Size 1,200 SF

Amenities

Men and Women's bathrooms
outdoor seating in courtyard

Building Details

Year built 2002
Roof type Metal
Listing Agency: Berkshire Hathaway HomeServices Knight & Gardner Realty
Listed By: Team Gardner/Langley · License #KWA.2032
Added: Jul 24, 2025 Changed: Oct 5 Last Checked: Oct 6 at 5:06PM
MLS# 615919

Copyright © 2026 Key West Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1,200-square-foot unit at Conch Harbor Retail Center is offered for office or retail use. The space has men’s and women’s restrooms, with outdoor seating available in the courtyard. The property was built in 2002.

The center sits at the corner of Caroline and Grinnell Streets. Nearby businesses include Prime 951 Steakhouse, Dante’s Pool Bar and Restaurant, and West Marine. A minimum one-year lease applies.

Key Highlights

  • 1,200‑square‑foot office unit at Conch Harbor Retail Center
  • Office or retail use supported
  • Men’s and women’s restrooms

Property Analytics

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Current Use

Conch Harbor Marina Marina Fishy Business Charters Tour Operator Pirate Radio Key ... Radio Station Ocean Energy Charters Tour Operator Sunset Cruise Key ... Travel Agency

Suggested Use

Top Pick Dental Office Auto Repair Shop HVAC Service Auto Parts Store Garden Center Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$4.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,475
Businesses Nearby

Demographics for 33040, FL

35,958
Population
19,001
Households
1.9
Avg Household Size
44
Median Age
38%
College-Educated
92%
High-School Grad
17.7 sq mi
ZIP Area
2,032
Density / Sq Mi
$79,038
Median Household Income
$42,458
Median Earnings
$2,079
Median Rent
$766,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Key West, FL

$53.1 /SF/Yr
Avg Asking Price
$32–$77.65 /SF/Yr
Price Range
1,499 SF
Avg Space Size

This space is priced 40% below the average of $53.1 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - The unit is offered for office or retail use at a center on the Caroline and Grinnell Streets corner.
Where is this office units located?
The property is located at 951 Caroline Street Key West, FL.
What is the lease rate?
The lease rate is $3,200/Mo.
What are key features of this property?
This property features: 1,200‑square‑foot office unit at Conch Harbor Retail Center; Office or retail use supported; Men’s and women’s restrooms
More about this property
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