Technical
Financial
Distress signals
Property profile

86560 Overseas Hwy Upper Matecumbe Ky Islamorada, FL 33070

FOR SALE
Other industrial properties
Property ID
US18-5830314
1,080 SF 3.03 ac lot Built 1928
Entity Owned 13-yr Hold
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Property summary

AI-generated overview

Located in Islamorada, Florida, the property comprises approximately 3 acres of industrial upland with 150 feet of frontage on US-1 and is situated north of the weigh station; additional bayfront land totaling approximately 9 acres is associated with the site and may be included depending on an agreement, with noted preliminary concepts for a 100-foot dock and two 30,000 lb boat lifts. The Village of Islamorada recognizes 1,972 square feet of non-residential floor area, including one market-rate dwelling unit and two affordable housing units. Zoning regulations for the upland portion allow construction of more than 30,000 square feet, calculated at 10,000 square feet per acre based on 3.12 acres. The site currently contains four structures and is designed to be potentially subdivided to accommodate different development configurations, with potential for mixed uses including residential.

Property profile

Verified
Property type Other industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built 1928
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,080 SF
Lot 3.03 ac (132,131 SF)
APN 00092070-000000
UPID US18-5830314

Cap rate & NOI

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

Location

86560 Overseas Hwy Upper Matecumbe Ky Islamorada, FL 33070
Islamorada metro Census 970800 KEY WEST-MARATHON, FL MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$390k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$395k

Owner & transaction history

since 2013
5 recorded transactions
2020
Price N/A
2013
Price N/A
2013
$500,000
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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