Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Plantation Key Land For Sale Title is generated by Realmo AI

    Lot 24 Gardenia St, Plantation Key, FL 33070

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $424,000

    Land available in Plantation Key, Florida.

    Type:Land
    Added:
    Oct 7, 2025
    Days on Market:
    228
    Last Refresh:
    Mar 16 at 8:25 am

    Property Features for Lot 24 Gardenia St

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Peter Schwarz-Top Producer

    Listing agent Peter Schwarz-Top Producer

    Listing office

    Listing date Oct 7, 2025

    Source Evrealestate

    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 Peter Schwarz-Top Producer

    HighLights

    • Canal View
    • Located in Monroe County

    Overview

    This property is a land parcel located in Plantation Key, Florida, specifically identified as Lot 24 Gardenia St, Plantation Key, FL 33070, situated in Monroe County.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Plantation Key
    County
    Monroe
    State
    Florida
    Longitude
    -80.538742
    Latitude
    24.999302

    Nearby Similar for Sale

    • $2,400,000
      1,957 SF

      Plantation Key Commercial Building For Sale

      Professionally designed commercial building with excellent visibility in the Florida Keys.
      88701 Overseas Highway, Plantation Key, FL 33070
      View Details
    • $1,250,000
      1,500 SF

      Waterfront Duplex with Redevelopment Potential

      Canal-front duplex in Plantation Key with income and redevelopment options.
      230 Apache Street, Plantation Key, FL 33070
      View Details
    • $30,000,000
      17,000 SF

      Turnkey Marina in Plantation Key

      Fully operational marina with diverse revenue streams and long-term potential.
      90400 Overseas Highway, Plantation Key, FL 33070
      View Details
    • $1,195,000
      2,244 SF

      Mixed-Use Commercial Building in Plantation Key

      Two-story mixed-use building with highway frontage and income potential.
      88101 Old Highway, Plantation Key, FL 33036
      View Details
    • $6,995,000
      1,069 SF

      Unique Marina & Resort Opportunity

      Rare 1+ acre oceanside marina and resort for sale.
      200 Treasure Harbor Drive, Plantation Key, FL 33036
      View Details
    • $1,150,000

      Plantation Key Build-Ready Lot

      Build-ready lot with dockage and Florida Bay access.
      148 Tequesta Street, Plantation Key, FL 33070
      View Details
    • $6,800,000
      10,714 SF

      Waterfront Trophy Investment Property & Marina

      Waterfront investment property with marina in the heart of Tavernier.
      90311 Old Highway, Plantation Key, FL 33070
      View Details
    • $1,650,000

      Oceanfront Land with Active Permit

      Rare oceanfront parcel ready for custom estate construction.
      229 Coral Road, Plantation Key, FL 33036
      View Details
    • $200,000

      Oversized Lot in Plantation Key

      Residential lot in a desirable Upper Keys neighborhood.
      Apache Street, Plantation Key, FL 33070
      View Details
    • $8,500,000
      1,069 SF

      Profitable Marina & Unique Resort

      Profitable marina and resort with significant income potential.
      200 Treasure Harbor Drive, Plantation Key, FL 33036
      View Details
    • $1,195,000
      2,244 SF

      Islamorada Mixed-Use Investment Opportunity

      Two-story mixed-use building with income potential in Islamorada.
      88101 Old Hwy, Plantation Key, FL 33036
      View Details
    • $8,500,000
      1,069 SF

      Treasure Harbor Marina Business Opportunity

      Marina business for sale in Plantation Key, Florida.
      200 Treasure Harbor Dr., Plantation Key, FL 33036
      View Details

    FAQs

    What type of property is this?
    Land - Land available in Plantation Key, Florida.
    Where is this land located?
    The property is located at Lot 24 Gardenia St Plantation Key, FL.
    What is the asking price?
    The asking price for this property is $424,000.
    What are key features of this property?
    This property features: Canal View; Located in Monroe County
    (305) 781-5704
    We can help!
    Listing Contact
    Peter Schwarz-Top Producer
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    Lot 24 Gardenia St, Plantation Key, FL 33070
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!