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The Alamo 19950-19980 Overseas Hwy 8,598 SF Office Building Sugarloaf Key, FL 33042 $2,099,000 ($244.13/SF) 9% Cap Rate
INVESTMENT HIGHLIGHTS
- US-1 Frontage in the Lower Keys
- Ample Parking & Easy Access
- Turnkey Commercial Building
EXECUTIVE SUMMARY
Renovated Commercial Space - The Alamo Building, Sugarloaf Key (MM 20)
Prime, newly updated commercial space available on Sugarloaf Key, directly across from Mangrove Mama's Restaurant. This high-visibility property on US-1 has been completely renovated inside and out, offering a clean, modern look with flexible space suited for a wide range of uses.
Currently operated as a welcome center for Sugarloaf Key RV Resort and Cottages, the property is ideal for retail, showroom, professional services, fitness/yoga studio, coffee/juice bar, or even restaurant spaces (no commercial kitchens currently on premises). The layout supports both customer interaction and back-office functionality, with open areas, private offices, and refreshed restrooms. A spacious outdoor patio provides even more possibilities.
This property offers excellent US-1 exposure with a steady flow of daily traffic, making it ideal for attracting customers and visibility. There is ample paved parking with convenient highway access, ensuring easy entry for clients and deliveries. The building includes approximately 2,520 square feet of usable commercial space situated on a 31,000-square-foot lot, offering flexibility for a variety of business operations. It is located just minutes from Key West and Big Pine, in the prime, central Lower Keys corridor. Buyer to verify zoning and permitted uses with Monroe County.
Prime, newly updated commercial space available on Sugarloaf Key, directly across from Mangrove Mama's Restaurant. This high-visibility property on US-1 has been completely renovated inside and out, offering a clean, modern look with flexible space suited for a wide range of uses.
Currently operated as a welcome center for Sugarloaf Key RV Resort and Cottages, the property is ideal for retail, showroom, professional services, fitness/yoga studio, coffee/juice bar, or even restaurant spaces (no commercial kitchens currently on premises). The layout supports both customer interaction and back-office functionality, with open areas, private offices, and refreshed restrooms. A spacious outdoor patio provides even more possibilities.
This property offers excellent US-1 exposure with a steady flow of daily traffic, making it ideal for attracting customers and visibility. There is ample paved parking with convenient highway access, ensuring easy entry for clients and deliveries. The building includes approximately 2,520 square feet of usable commercial space situated on a 31,000-square-foot lot, offering flexibility for a variety of business operations. It is located just minutes from Key West and Big Pine, in the prime, central Lower Keys corridor. Buyer to verify zoning and permitted uses with Monroe County.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$148,680
|
$17.29
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,434
|
$0.86
|
| Effective Gross Income |
$141,246
|
$16.43
|
| Taxes |
$9,000
|
$1.05
|
| Operating Expenses |
$15,600
|
$1.81
|
| Total Expenses |
$24,600
|
$2.86
|
| Net Operating Income |
$116,646
|
$13.57
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $148,680 |
| Annual Per SF | $17.29 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $7,434 |
| Annual Per SF | $0.86 |
| Effective Gross Income | |
|---|---|
| Annual | $141,246 |
| Annual Per SF | $16.43 |
| Taxes | |
|---|---|
| Annual | $9,000 |
| Annual Per SF | $1.05 |
| Operating Expenses | |
|---|---|
| Annual | $15,600 |
| Annual Per SF | $1.81 |
| Total Expenses | |
|---|---|
| Annual | $24,600 |
| Annual Per SF | $2.86 |
| Net Operating Income | |
|---|---|
| Annual | $116,646 |
| Annual Per SF | $13.57 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
8,598 SF
Building Class
C
Year Built
1990
Price
$2,099,000
Price Per SF
$244.13
Cap Rate
9%
NOI
$188,910
Tenancy
Single
Building Height
1 Story
Typical Floor Size
8,598 SF
Building FAR
0.11
Lot Size
1.72 AC
Zoning
SC - SC – Sub-Urban Commercial District
AMENITIES
- Atrium
- Conferencing Facility
- Convenience Store
- Courtyard
- Wheelchair Accessible
- Reception
- Storage Space
- Outdoor Seating
- Air Conditioning
- Balcony
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Florida Keys Land Surveying
- Professional, Scientific, and Technical Services
- -
- -
- -
- Keyswiderealty.com
- Real Estate
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Florida Keys Land Surveying | Professional, Scientific, and Technical Services | - | - | - | ||
| Keyswiderealty.com | Real Estate | - | - | - |
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PROPERTY TAXES
| Parcel Number | 00118210-000000 | Total Assessment | $1,384,893 (2024) |
| Land Assessment | $960,435 (2024) | Annual Taxes | $9,000 ($1.05/SF) |
| Improvements Assessment | $424,458 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
00118210-000000
Land Assessment
$960,435 (2024)
Improvements Assessment
$424,458 (2024)
Total Assessment
$1,384,893 (2024)
Annual Taxes
$9,000 ($1.05/SF)
Tax Year
2025
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Brightwild Real Estate
The Alamo | 19950-19980 Overseas Hwy
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