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Property profile

11400 Overseas Hwy Marathon, FL 33050

Community centers
Property ID
US18-0494171
View Sample
22,069 SF 0.98 ac lot Built 1973
Entity Owned 5-yr Hold Free & Clear

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 1973
Total area 22,069 SF
Lot 0.98 ac (42,570 SF)
APN 00334860-000000
UPID US18-0494171

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • General Contractor
  • Real Estate Agency
  • Gym & Fitness Center
  • Alternative Medicine Practice Spa & Massage Center
  • Nursing Home

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.86M
CAP Approach CAP
$5.26M
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.45M

Owner & transaction history

since 2020
Last sale
$3.7M
7 recorded transactions
2026
Price N/A
2021
Price N/A
2020
$3.7M
2018
Price N/A
2018
$2.9M
2017
Price N/A
2004
$2.0M

Zoning & alternative use

Top alternative use upside
Office building $5.2M +232.1%
Restaurant $4.1M +162.2%
Retail stores $3.8M +139.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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