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    91865 Overseas Hwy Tavernier, FL 33070
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    Property profile & analytics

    91865 Overseas Hwy, Tavernier, FL 33070

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    • Industrial properties
    • 5,248 SF
    • 0.49 lot acres
    For Lease
    $38 SF/Yr
    View Listing →
    Tavernier Retail Space For Lease For Lease
    $38 SF/Yr

    Tavernier Retail Space For Lease

    Prime Tavernier location, 1300 sq ft retail space.

    Plantation Key, FL 33070
    View Listing
    Property ID
    US18-1968228
    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.
    Value Estimations
    $1,400,000
    Cap Rate Potential
    5.1%
    Industrial properties
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 91865 Overseas Hwy

    Year built
    1936
    Lot size
    0.49 lot acres
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    00555610-000000
    APU
    555610000000

    Description

    This exceptional 1300-square-foot retail space is ideally situated at 91865 Overseas Highway #202 in Tavernier, Florida, zip code 33070. The property boasts a single-tenant occupancy and offers a fantastic opportunity for businesses seeking high visibility and convenient access. The suite features ample interior space, complemented by an attractive outdoor sitting area, perfect for customer relaxation or extended business operations. Its prime location directly on Overseas Highway ensures significant exposure to vehicular and pedestrian traffic, maximizing potential customer reach. The space has been beautifully remodeled, presenting a modern and inviting atmosphere for any business. This property is a turnkey solution for businesses looking to establish or expand their presence in a thriving Tavernier market. The APN is 00555610-000000. This is a single-tenant retail space (subtype 1300) with no information available on the total building square footage. The property's latitude and longitude coordinates are 25.009054 and -80.5170269 respectively.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,430,000
      ML approach
      $1,365,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,205,000
      6.5%
      $1,115,000
      7%
      $1,035,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,856,000
      Market price range: $1.35M - $3.28M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,100,000
      Current use
      OFFICE BUILDING
      $2,290,000
      Change: +9% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,800,000
      Change: -14% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tavernier
    County
    Monroe
    State
    Florida
    Longitude
    -80.5169
    Latitude
    25.0089
    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
    $16,329
    $857,026
    $551,764
    $1,408,790
    -
    $857,026
    $551,764
    $1,408,790

    Comparable in this City

    • Value Estimation
      $700,000
      3,540 SF

      90280 Overseas Hwy

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      90280 Overseas Hwy, Tavernier, FL 33070-2223
      View Details
    • Value Estimation by Request
      1,982 SF

      92466 Overseas Hwy

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      92466 Overseas Hwy, Tavernier, FL 33070
      View Details
    • Value Estimation
      $1,470,000
      1,584 SF

      90515 Old Hwy

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      90515 Old Hwy, Tavernier, FL 33070-2332
      View Details
    • Value Estimation
      $1,400,000
      4,090 SF

      91655 Overseas Hwy

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      91655 Overseas Hwy, Tavernier, FL 33070-2558
      View Details
    • Value Estimation
      $760,000
      2,567 SF

      92425 Overseas Hwy

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      92425 Overseas Hwy, Tavernier, FL 33070-2716
      View Details
    • Value Estimation
      $545,000
      3,072 SF

      88900 Overseas Hwy

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      88900 Overseas Hwy, Tavernier, FL 33070-2034
      View Details

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    Similar Nearby for Lease

    • $38 SF/Yr
      1,300 SF

      Tavernier Retail Space For Lease

      Prime Tavernier location, 1300 sq ft retail space.
      91865 Overseas Hwy, Tavernier, FL 33070
      View Details
    • Contact for pricing

      Tavernier Retail Space For Rent

      Junior anchor space available in Tavernier, Florida.
      91200 Overseas Hwy, Tavernier, FL 33070
      View Details
    • Contact for pricing
      2,400 SF

      Dominant Retail Center in Tavernier

      Retail and entertainment center in the upper Florida Keys.
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    Tavernier, FL 33070
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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