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Property profile & analytics

11400 Overseas Hwy Marathon, FL 33050

  • Community centers
  • 22,069 SF
  • 0.98 lot acres
For Lease
Last Sale
Aug 27, 2020
$3,700,000
Value Estimations
$4,450,000
Cap Rate Potential
7.2%
Community centers
Location Intelligence
Property ID
US18-0494171
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

  • Ameristar / Contractor
  • Danial Marrs, LPT Realty / Aerial Photographer / Service Establishment
  • Island Pilates and Massage / Pilates Studio
  • Brandi Card, LMT / Pilates Studio / Massage Therapist
  • Chapters Health Hospice (Monroe) / Hospice

Property Details for 11400 Overseas Hwy

Year built
1973
Lot size
0.98 lot acres
Property size
22,069 SF
Property type
Community centers
APN
00334860-000000
APU
334860000000

Description

This exceptional retail property, located at 11400 Overseas Highway in Marathon, Florida (zip code 33050), offers a substantial 22,069 square feet of single-tenant space. The property is zoned UC and features a highly visible location directly adjacent to US-1, ensuring excellent exposure for any business. Road signage opportunities are available, capitalizing on the high traffic volume of this main Marathon business corridor. The ground floor location provides easy accessibility, a key advantage for customers and employees. The building itself is part of a bustling commercial plaza, offering convenient amenities such as an elevator, two stairwells (one at each end of the plaza), public restrooms, and ample parking. The unit itself includes a reception area, multiple offices or treatment rooms (depending on tenant needs), and a private bathroom. Utilities are handled efficiently with individual electric meters for each unit, while water and trash removal are included in the monthly rental cost. The lease terms require first and last month's rent as security deposit, with a monthly rent of $2600 plus a 3.5% state/county tax. A long-term lease commitment of at least two years is preferred, with the possibility of a multi-year lease option. This property presents a unique opportunity for businesses seeking a prominent and well-equipped space in the heart of Marathon's commercial district. The APN is 00334860-000000.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $4,730,000
    ML approach
    $4,855,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $5,690,000
    6.5%
    $5,255,000
    7%
    $4,880,000
  • Alternative Use

    Use
    Estimation
    OFFICE BUILDING
    $5,205,000
    RESTAURANT
    $4,110,000
    RETAIL STORES
    $3,760,000
    INDUSTRIAL (GENERAL)
    $3,640,000
    COMMERCIAL (GENERAL)
    $3,330,000
    WAREHOUSE, STORAGE
    $3,120,000

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


Location Insight

  • Map
  • Local Demand
City
Marathon
County
Monroe
State
Florida
Longitude
-81.0338
Latitude
24.7302
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
$31,823
$923,024
$2,111,271
$3,034,295
-
$923,024
$2,111,271
$3,034,295
More about this property
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