Property profile

81 Coco Plum Dr Marathon, FL 33050

FOR SALE
Industrial properties
Property ID
US18-2378196
2,055 SF 0.92 ac lot Built 1981
Entity Owned
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Property summary

AI-generated overview

This exceptional Marathon, Florida property, listed at $3,800,000, offers a unique blend of commercial and residential opportunities. Currently operating as a successful electric company's base, the property includes a home (requiring modernization), multiple work sheds, ample parking for work vehicles and trailers, and extensive waterfront assets. These assets include a private boat ramp, at least five wet slips with fully refurbished docks (including one lift slip), and a Tiki hut covering another private lift slip. The property boasts substantial dockage in front of the home, with additional docks available. PVC sheet piling protects the northern bank. The approximately 5,000 annual property taxes reflect the value and location. The bottomlands are owned outright, eliminating submerged land lease concerns. The seller represents the property as environmentally tested and clean. This versatile property presents a rare chance to acquire a thriving business with significant residential and recreational potential in the desirable Florida Keys. The property's diverse uses and prime waterfront location make it an exceptional investment opportunity.

Property profile

Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built 1981
Total area 2,055 SF
Lot 0.92 ac (40,248 SF)
APN 00100240-000100
UPID US18-2378196

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
  • Electrical Service General Contractor
  • Travel Agency

Location

81 Coco Plum Dr Marathon, FL 33050
Marathon metro Census 971001 KEY WEST-MARATHON, FL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$405k

Owner & transaction history

since 2025
7 recorded transactions
2025
Price N/A
2007
Price N/A
2003
$475,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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