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Property profile & analytics
OFF-MARKET Estimated value $575,000
Industrial properties

98150 Overseas Hwy Key Largo, FL 33037-2356

2,830 SF 1.1 ac lot Built 1958
Entity Owned 10-yr Hold
Property ID
US18-0500847
Property summary
AI-generated overview

This exceptional Key Largo commercial property presents a unique investment opportunity. Located at 98150 Overseas Highway, Key Largo, FL 33037, this 1.1-acre (approximately 47,916 sq ft) rectangular parcel boasts unparalleled visibility and accessibility from the Overseas Highway and Grand Street. The property features a 2,830 square foot building, currently operating as a successful boat sales and service business. The seller offers flexibility; they can relocate their existing business to a nearby location or potentially lease back the space, depending on the buyer's intentions. This versatile property, built in 1958, is ideal for a variety of commercial uses, benefiting from its high-traffic location with convenient access from both directions of the Overseas Highway, eliminating the need to cross medians. The absence of traffic interruptions ensures optimal customer access. This is a rare chance to acquire a substantial commercial property in a prime Key Largo location. The property's size and location make it an attractive investment for entrepreneurs seeking high visibility and convenient access for their business. The existing building provides immediate operational potential, while the ample land offers significant expansion possibilities. This is a truly remarkable opportunity in a highly desirable area.

Property profile
Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built 1958
Total area 2,830 SF
Lot 1.1 ac (47,755 SF)
APN 00519640-000000
UPID US18-0500847
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
Current use
Occupant on record · Public records
  • Hydro Church Mosque
  • Yacht Works (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$450k
CAP Approach CAP
$600k
Comparable Approach Comparable
$674k
Blend (final) Blend
$575k
Owner & transaction history
National Yacht Brokerage LLC · 10 yrs held
National Yacht Brokerage LLC
since 2016
7 recorded transactions
2024
Price N/A
2019
Price N/A
2016
$1.2M
2011
$700,000
2005
$1.0M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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