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    Property profile & analytics
    FOR LEASE
    Community centers

    103400 Overseas Hwy, Key Largo, FL 33037

    61,083 SF 3.49 ac lot Built 1986
    Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US18-2080289
    Property summary
    AI-generated overview

    Pink Plaza presents a unique investment opportunity in the heart of Key Largo. This two-story, 57,773 square foot retail and office building boasts a diverse tenant mix, ensuring stability and strong historical occupancy over the past decade. The property is exceptionally well-maintained, having recently undergone significant capital improvements. A major West Marine store serves as a key anchor tenant, contributing to the center's consistent success. The flexible space options range from a minimum of 90 square feet to a maximum contiguous space of 200 square feet, with a total of 200 square feet currently vacant, making it ideal for a variety of businesses. The property's zoning is designated as SC (Shopping Center), reflecting its established retail focus. Pink Plaza offers a compelling blend of retail and office spaces, catering to a wide spectrum of businesses, including restaurants, service providers, retailers (both hard and soft goods), government agencies, medical practices, and professional offices. With ample parking (262 spaces), Pink Plaza stands out as one of the few true shopping centers in the Upper Keys, providing a strategic advantage for prospective tenants and investors alike. The current occupancy rate demonstrates the property's enduring appeal and potential for continued growth. This is a rare opportunity to acquire a well-established, high-performing retail center in a desirable location.

    Property profile
    Verified
    Property type Community centers
    Use group MINI-MALL
    Year built 1986
    Total area 61,083 SF
    Lot 3.49 ac (151,916 SF)
    APN 00468472-009700
    UPID US18-2080289
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Keys Pediatric Dentistry Dental Office
    • Khouri Dermatology Medical Clinic Skin Care Clinic
    • Cary Construction Corporation Construction Company
    • Vital Signs (Bike/Boat/Book/etc) Store Printing Service
    • Sushi Sake Key Largo Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $2.67M
    Owner & transaction history
    Pink Plaza LLC · 11 yrs held
    Pink Plaza LLC
    since 2014
    7 recorded transactions
    2020
    2017
    2014
    $8.2M
    1999
    $4.4M
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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