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    5800 Overseas Hwy 21 Marathon, FL 33050

    • Retail space
    • 2,901 SF
    • 4.63 lot acres
    For Sale
    View listing
    $590,000
    Value Estimation
    Location Intelligence
    Property ID
    US18-4834334
    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

    • Village Barber Shop / Barber Shop
    • Salon Blanco Spa / Beauty Salon / Nail Salon
    • Insurance Office of America / Home Insurance Agency / Life Insurance Agency
    • Food For Thought / Natural Goods Store / Produce Market
    • Christopher B Waldera PA / Estate Planning Attorney

    Property Details for 5800 Overseas Hwy 21

    Year built
    1987
    Lot size
    4.63 lot acres
    Property size
    2,901 SF
    Property type
    Retail space
    APN
    00103770-000110
    APU
    103770000110

    Description

    This exceptional commercial property, located at 5800 Overseas Highway Unit 33 in Marathon, Florida, presents a fantastic opportunity for a variety of businesses. Boasting over 1,400 square feet of recently renovated office space, this property is ideally suited for a range of professional uses. The modern updates make it move-in ready, eliminating the need for costly renovations. Its prime location in the vibrant Marathon area offers excellent visibility and accessibility, ensuring a strong presence within the community. The seller is open to considering lease options, providing flexibility for potential buyers. This versatile space is perfect for a medical practice (such as a doctor's office), real estate agency, or other professional services. The property is situated on a 0-acre lot, offering convenient access and minimal exterior maintenance. The asking price is $479,000. Serious inquiries are encouraged to explore this exceptional commercial property and its potential. Don't miss this chance to acquire a well-maintained, ready-to-occupy office space in a desirable location. Contact us today to schedule a viewing and discuss the possibilities.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $260,000

    • CAP approach

      CAP return
      Estimation
      6%
      $285,000
      6.5%
      $325,000
      7%
      $320,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $305,000
      Geo Method
      $270,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $320,000
      Retail
      $325,000
      Mixed-Use
      $325,000
      Hospitality
      $340,000
      Educational
      $345,000
      Residential Income
      $335,000
      Energy
      $250,000
      Income-Based Land
      $260,000
      Food Service
      $325,000

    Location Insight

    • Map
    • Local Demand
    City
    Marathon
    County
    Monroe
    State
    Florida
    Longitude
    -81.073
    Latitude
    24.7181
    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
    $5,608
    $0.00
    $581,286
    $581,286
    -
    $0.00
    $581,286
    $581,286

    Comparable in this City

    • Value Estimation by Request
      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
      $1,565,000
      4,640 SF

      9699 Overseas Hwy

      RETAIL STORES (PERSONAL SERVICES) • 4,640 SF
      9699 Overseas Hwy, Marathon, FL 33050-3344
      View Details
    • Value Estimation
      $550,000
      2,505 SF

      2315 Overseas Hwy

      RETAIL STORES (PERSONAL SERVICES) • 2,505 SF
      2315 Overseas Hwy, Marathon, FL 33050-2231
      View Details
    • Value Estimation
      $75,000
      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
      $395,000
      4,629 SF

      2910 Overseas Hwy, Unit 2960

      RETAIL STORES (PERSONAL SERVICES) • 4,629 SF
      2910 Overseas Hwy, Marathon, FL 33050-2238
      View Details

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    Similar Nearby for Lease

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    5800 Overseas Hwy 21
    Marathon, FL 33050
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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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