Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    10699 Aviation Blvd Marathon, FL 33050

    • Retail space
    • 4,140 SF
    • 0.11 lot acres
    For Sale
    View listing
    $2,100,000
    Last Sale
    Nov 21, 2022
    $750,000
    Value Estimations
    Cap Rate Potential
    8.1%
    Retail space
    Location Intelligence
    Property ID
    US18-4216957
    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

    • Capt Brian's Hot Tub & Spa Store, Pool Supplies & Landscape Service / Hot Tub Store / Pool Cleaning Service

    Property Details for 10699 Aviation Blvd

    Year built
    1943
    Lot size
    0.11 lot acres
    Property size
    4,140 SF
    Property type
    Retail space
    APN
    00333500-000000
    APU
    333500000000

    Description

    This exceptional offering presents a rare opportunity to acquire both a thriving business and its accompanying real estate in the vibrant Marathon, Florida market. Located at 10699 Aviation Boulevard, this 4,284 square foot commercial property houses Captain Brian's Pool and Spa, a well-established enterprise operating since 2018. The business boasts a loyal customer base exceeding 100 residential and commercial accounts, providing a consistent revenue stream. The property's strategic location on a busy corner ensures high visibility and convenient access, surrounded by other popular Marathon attractions. The building itself is a durable concrete block structure, meticulously maintained and offering ample space for both showroom and storage needs. The current layout is adaptable, allowing for potential expansion of retail space or service offerings. Captain Brian's Pool and Spa holds the exclusive dealership for Strong Spas in the Florida Keys, solidifying its position as a premier provider of luxury hot tubs and pool supplies. Financial records demonstrate substantial current cash flow, with significant potential for future growth through service expansion, extended operating hours, or the introduction of new products. This turnkey operation presents a compelling investment opportunity combining a profitable business with a well-situated commercial property. The property's solid construction and prime location make it an ideal investment for both experienced entrepreneurs and those seeking a stable, high-return venture in the flourishing Florida Keys market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $690,000
      ML approach
      $655,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $935,000
      6.5%
      $865,000
      7%
      $800,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $810,000
      Market price range: $811k - $1.40M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,065,000
      Current use
      COMMERCIAL (GENERAL)
      $1,210,000
      Change: +14% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Marathon
    County
    Monroe
    State
    Florida
    Longitude
    -81.0397
    Latitude
    24.7323
    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
    $4,339
    $197,838
    $259,427
    $457,265
    -
    $197,838
    $259,427
    $457,265

    Comparable in this City

    • Value Estimation
      $3,670,000
      26,892 SF

      11500 Overseas Hwy

      RETAIL STORES (PERSONAL SERVICES) • 26,892 SF
      11500 Overseas Hwy, Marathon, FL 33050-3629
      View Details
    • Value Estimation by Request
      120 SF

      Marathon, FL 33050

      RETAIL STORES (PERSONAL SERVICES) • 120 SF
      Marathon, FL 33050
      View Details
    • Value Estimation
      $1,485,000
      4,640 SF

      9699 Overseas Hwy

      RETAIL STORES (PERSONAL SERVICES) • 4,640 SF
      9699 Overseas Hwy, Marathon, FL 33050-3344
      View Details
    • Value Estimation
      $510,000
      2,505 SF

      2315 Overseas Hwy

      RETAIL STORES (PERSONAL SERVICES) • 2,505 SF
      2315 Overseas Hwy, Marathon, FL 33050-2231
      View Details
    • Value Estimation by Request
      1,421 SF

      5800 Overseas Hwy Ste, Unit 4

      RETAIL STORES (PERSONAL SERVICES) • 1,421 SF
      5800 Overseas Hwy Ste, Marathon, FL 33050-2736
      View Details
    • Value Estimation
      $550,000
      2,901 SF

      5800 Overseas Hwy

      RETAIL STORES (PERSONAL SERVICES) • 2,901 SF
      5800 Overseas Hwy, Marathon, FL 33050-2735
      View Details

    Similar Nearby for Sale

    • $4,900,000
      160,800.00 Acres

      Waterfront Land with Bay Bottom Rights

      Rare opportunity: waterfront land with bay bottom rights in Marathon.
      13759 Overseas Hwy, Marathon, FL 33050
      View Details
    • $9,900,000
      22,000 SF

      Grassy Key Marina Opportunity

      Marina with apartments, store, and redevelopment potential in Marathon, FL.
      59073 Overseas Hwy, Marathon, FL 33050
      View Details
    • $7,670,000
      16,904 SF

      Marathon Walgreens Retail Investment

      High-yield Walgreens, absolute NNN lease.
      10870 Overseas Hwy, Marathon, FL 33050
      View Details
    • $7,670,000
      16,904 SF

      Walgreens NNN Lease Investment Property

      NNN leased Walgreens in Marathon, Florida with zero landlord responsibilities.
      10870 Overseas Hwy, Marathon, FL 33050
      View Details
    • $1,999,999

      Corner Commercial Building with Drive-Through

      Oversized CBS building with drive-through, suitable for office or retail.
      11401 Overseas Hwy, Marathon, FL 33050
      View Details
    • $4,900,000
      160,800.00 Acres

      Waterfront Commercial Parcels with Bay Bottom

      Rare opportunity: waterfront parcels with bay bottom rights.
      13759 Overseas Hwy, Marathon, FL 33050
      View Details

    Similar Nearby for Lease

    • $1.31 SF/Yr
      22,069 SF

      Marathon Retail Space - Hwy 1 Overseas

      Prime Marathon location, 22,069 sq ft retail space
      11400 Overseas Hwy, Marathon, FL 33050
      View Details
    • $7 SF/Yr
      14,000 SF

      Key Vaca Center: Marathon Office Space

      14,000 SF Office Building, Multiple Suites Available
      10045 Overseas Hwy, Marathon, FL 33050
      View Details
    • $14,000 /Mo

      Luxury Waterfront Home in Marathon

      New luxury home with direct ocean access in Marathon, FL.
      112 Avenue, Marathon, FL 33050
      View Details
    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.
    10699 Aviation Blvd
    Marathon, FL 33050
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.