Property profile

5511 5th Ave Key West, FL 33040

OFF-MARKET
Distribution centers
Property ID
US18-1955939
5,484 SF 0.16 ac lot Built 1982
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 5,484-square-foot warehouse located at 5511 5th Ave, Key West, FL 33040. The property, situated on a 7,458-square-foot lot, is zoned MU - Mixed Use District, offering diverse potential uses. Built in 1982, this two-story building features one loading dock with ramp access and another with truck-height access, facilitating efficient loading and unloading. The interior boasts ample space, including four upstairs offices with a shared bathroom and one downstairs office with its own bathroom. Central air conditioning is installed throughout the building. The property is currently vacant, presenting a blank canvas for the new owner. Individual storage spaces remain within the building, adding to its versatility. The asking price for this unique property is $1,800,000. The property's APN is 00127170-000000. This is a rare chance to acquire a substantial warehouse in the desirable Key West market. The property's mixed-use zoning opens doors to a variety of commercial ventures, making it an attractive investment for owner-users or developers seeking a prime location in Monroe County. The existing infrastructure, including the loading docks and office spaces, provides immediate functionality, minimizing upfront investment costs. The combination of size, location, and zoning makes this a truly unique opportunity in the Key West real estate market.

Property profile

Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 1982
Total area 5,484 SF
Lot 0.16 ac (7,168 SF)
APN 00127170-000000
UPID US18-1955939

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
  • Hardware & Home Improvement General Contractor
  • Construction Company General Contractor

Location

5511 5th Ave Key West, FL 33040-6041
Key West metro Census 971800 KEY WEST-MARATHON, FL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.04M
Blend (final) Blend
$265k

Owner & transaction history

since 2026
4 recorded transactions
2026
$1.0M
2014
$675,000
2013
$349,773
2009
$495,000

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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