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    89170 Overseas Hwy Islamorada, FL 33070

    • Industrial properties
    • 2,800 SF
    • 0.26 lot acres
    For Sale
    View listing
    $1,875,000
    Value Estimation
    Location Intelligence
    Property ID
    US18-2720282
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Industrial properties

    Property Details for 89170 Overseas Hwy

    Year built
    1963
    Lot size
    0.26 lot acres
    Property size
    2,800 SF
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    00422150-000000
    APU
    422150000000

    Description

    This exceptional Islamorada commercial property presents a unique investment opportunity. Located at 89170 Overseas Highway on Plantation Key, this multi-use building boasts 50 feet of prime frontage on US 1, offering unparalleled visibility and accessibility. The property's zoning allows for diverse uses, maximizing its income potential. The building itself is concrete constructed and has undergone tasteful updates and consistent maintenance. The layout includes four apartments, dedicated commercial space, and ample enclosed and exterior storage areas. The dual access points, from US 1 and Iroquois, provide convenient entry to both the building and the storage facilities. This versatile property allows for an owner-occupant model, combining living and business operations in one highly desirable location. Alternatively, the entire property can be leased out for substantial rental income. Projected rental income figures are available upon request. This is a rare chance to acquire a well-maintained, income-producing asset in a prime Islamorada location. The property's combination of residential and commercial space, along with its strategic location and dual access, makes it an exceptional investment opportunity. Don't miss this chance to own a piece of Islamorada's thriving commercial landscape.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $325,000

    • CAP approach

      CAP return
      Estimation
      6%
      $460,000
      6.5%
      $430,000
      7%
      $455,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $465,000
      Geo Method
      $515,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $450,000
      Retail
      $440,000
      Mixed-Use
      $480,000
      Hospitality
      $430,000
      Educational
      $400,000
      Residential Income
      $395,000
      Energy
      $520,000
      Income-Based Land
      $455,000
      Food Service
      $465,000

    Location Insight

    • Map
    • Local Demand
    City
    Tavernier
    County
    Monroe
    State
    Florida
    Longitude
    -80.546
    Latitude
    24.9845
    CBSA code
    28580
    CBSA name
    KEY WEST-MARATHON, FL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,920
    $632,500
    $444,499
    $1,076,999
    -
    $632,500
    $444,499
    $1,076,999

    Comparable in this City

    • Value Estimation by Request
      3,540 SF

      90280 Overseas Hwy

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 3,540 SF
      90280 Overseas Hwy, Tavernier, FL 33070-2223
      View Details
    • Value Estimation
      $275,000
      1,982 SF

      92466 Overseas Hwy

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 1,982 SF
      92466 Overseas Hwy, Tavernier, FL 33070
      View Details
    • Value Estimation
      $1,690,000
      1,584 SF

      90515 Old Hwy

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 1,584 SF
      90515 Old Hwy, Tavernier, FL 33070-2332
      View Details
    • Value Estimation
      $1,400,000
      4,090 SF

      91655 Overseas Hwy

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 4,090 SF
      91655 Overseas Hwy, Tavernier, FL 33070-2558
      View Details
    • Value Estimation
      $755,000
      2,567 SF

      92425 Overseas Hwy

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 2,567 SF
      92425 Overseas Hwy, Tavernier, FL 33070-2716
      View Details
    • Value Estimation
      $1,440,000
      5,248 SF

      91865 Overseas Hwy

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 5,248 SF
      91865 Overseas Hwy, Tavernier, FL 33070-2652
      View Details

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    Islamorada, FL 33070
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    Realmo Value Estimation

    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.

    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.

    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
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