82705 Overseas Hwy Islamorada, FL 33036-3609
Property profile & analytics
82705 Overseas Hwy Islamorada, FL 33036-3609
- Retail space
- 6,232 SF
- 1.01 lot acres
Property ID
US18-5908172
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.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 82705 Overseas Hwy
- Year built
- 1960
- Lot size
- 1.01 lot acres
- Property size
- 6,232 SF
- Property type
- Retail space
- APN
- 00403860-000000
- APU
- 403860000000
Description
This exceptional Islamorada commercial property presents a lucrative investment opportunity with a 7.7% cap rate at the asking price of $6,500,000. Strategically located in the heart of Islamorada, this property boasts 264 feet of frontage on Overseas Highway and an additional 277 feet on the Old Highway, ensuring high visibility and accessibility. The complex comprises three distinct buildings totaling 9,124 square feet of gross building area. Building 1 is a thriving retail hardware store. Building 2 combines a boat sales and service office with two income-generating, one-bedroom, one-bathroom apartments on the second floor. Building 3 provides valuable storage shed and workshop space. All buildings are currently 100% occupied under long-term, true NNN leases, minimizing landlord responsibilities and maximizing return on investment. Significant renovations and additions were completed in 2021 and 2023, ensuring the property is in excellent condition. Ample parking is available, complemented by extensive open-air boat storage, catering to the local maritime community. This turnkey operation offers a rare chance to acquire a high-performing commercial asset in a prime Islamorada location. The combination of strong tenant occupancy, favorable lease terms, and recent improvements makes this a compelling investment prospect.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Islamorada
- County
- Monroe
- State
- Florida
- Longitude
- -80.6249
- Latitude
- 24.9266
- 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
$20,645
$972,559
$1,168,061
$2,140,620
-
$972,559
$1,168,061
$2,140,620
