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Property profile & analytics
FOR SALE
Office buildings

91760 Overseas Hwy Key Largo, FL 33070

2,562 SF 0.16 ac lot Built 1987
Individually Owned 4-yr Hold ~ Est. High Equity
Property ID
US18-3864420
Property summary
AI-generated overview

This exceptional commercial property, located at 91760 Overseas Highway in Tavernier, Florida, presents a unique investment opportunity. Situated in the heart of Tavernier's business district, this building offers unparalleled visibility and accessibility directly off US1. The concrete structure, originally a Red Cross shelter, benefits from a no-flood X zone designation and has undergone significant improvements. These include updated impact-resistant windows and doors, a durable metal roof, and substantial storage space around the second-floor roofline. The building features flexible office spaces on both floors, including several private offices, two kitchenettes, two bathrooms, and a shared conference room on the second floor. The property boasts convenient street-to-street access with parking available on both Tavernier Street and US1, including designated handicap parking. Existing month-to-month leases provide flexibility, and the building is equipped with electricity, Wi-Fi, security cameras, and 24-hour access. Many units are furnished with desks, chairs, and file cabinets. High-traffic location, highly visible highway signage, and excellent curb appeal with a convenient curb-cut entry make this an ideal location for businesses seeking a prominent presence in Tavernier's thriving commercial center. The asking price is $1,599,000.

Property profile
Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1987
Total area 2,562 SF
Lot 0.16 ac (7,111 SF)
APN 00090160-000100
UPID US18-3864420
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.19M
CAP Approach CAP
$795k
Comparable Approach Comparable
$1.26M
Blend (final) Blend
$1.25M
Owner & transaction history
Brian O'connor · 4 yrs held
Brian O'connor
since 2022
Last sale
$1.3M
1 recorded transaction
2022
$1.3M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $1.4M +21.8%
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More about this property
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