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    700 Harlem Tenants Circle Clewiston, FL 33440

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    Claim this Listing
    For Sale
    $10,000,000

    MULTI_FAMILY - Clewiston, FL

    Property size:
    231,332 SF
    Lot size:
    18.10 Acres
    Price / SF:
    $43/SF
    Added:
    Sep 28, 2025
    Days on Market:
    206
    Last Refresh:
    Apr 21 at 7:06 am

    Property Features for 700 Harlem Tenants Circle

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RG4
    Bathrooms
    126
    Rooms
    Bathroom 22, Bathroom 80, Bathroom 77, Bathroom 25, Bathroom 44, Bathroom 101, Bathroom 17, Bathroom 91, Bathroom 5, Bathroom 105, Bathroom 10, Bathroom 36, Bathroom 19, Bathroom 24, Bathroom 59, Bathroom 93, Bathroom 57, Bathroom 29, Bathroom 9, Bathroom 75, Bathroom 55, Bathroom 102, Bathroom 33, Bathroom 42, Bathroom 21, Bathroom 37, Bathroom 12, Bathroom 85, Bathroom 40, Bathroom 7, Bathroom 88, Bathroom 90, Bathroom 81, Bathroom 71, Bathroom 96, Bathroom 116, Bathroom 2, Bathroom 3, Bathroom 98, Bathroom 107, Bathroom 49, Bathroom 41, Bathroom 97, Bathroom 70, Bathroom 109, Bathroom 35, Bathroom 86, Bathroom 53, Bathroom 27, Bathroom 103, Bathroom 32, Bathroom 11, Bathroom 124, Bathroom 50, Bathroom 26, Bathroom 20, Bathroom 95, Bathroom 14, Bathroom 18, Bathroom 64, Bathroom 61, Bathroom 4, Bathroom 112, Bathroom 47, Bathroom 69, Bathroom 99, Bathroom 68, Bathroom 31, Bathroom 67, Bathroom 115, Bathroom 45, Bathroom 38, Bathroom 8, Bathroom 87, Bathroom 60, Bathroom 100, Bathroom 94, Bathroom 28, Bathroom 108, Bathroom 52, Bathroom 39, Bathroom 125, Bathroom 89, Bathroom 23, Bathroom 15, Bathroom 114, Bathroom 56, Bathroom 78, Bathroom 92, Bathroom 123, Bathroom 121, Bathroom 76, Bathroom 126, Bathroom 1, Bathroom 73, Bathroom 63, Bathroom 119, Bathroom 79, Bathroom 72, Bathroom 110, Bathroom 46, Bathroom 122, Bathroom 111, Bathroom 34, Bathroom 62, Bathroom 82, Bathroom 113, Bathroom 83, Bathroom 16, Bathroom 43, Bathroom 117, Bathroom 74, Bathroom 58, Bathroom 120, Bathroom 65, Bathroom 54, Bathroom 66, Bathroom 106, Bathroom 51, Bathroom 13, Bathroom 6, Bathroom 30, Bathroom 118, Bathroom 84, Bathroom 104, Bathroom 48
    Security features
    Security
    Standard status
    Active
    APN
    1 34 43 21 A00 0002 010.0
    Size
    231,332 SF
    Lot size
    18.10 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    BEG 1460 FT S + 460 FT

    Utilities

    Utilities
    Cable Available
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1978
    Floors in Building
    1
    Number of units
    126
    Flooring type
    Vinyl
    Building materials
    CBS

    We can help!

    Listing Contact
    Vikaash Moosai

    Listing agent Vikaash Moosai License #3468095

    Listing office EXP Realty LLC 10752 Deerwood Park Blvd #100, Tampa, FL

    Listing date Sep 28, 2025

    MLS# R11127667

    Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    126-Unit HAP-Assisted Apartment Complex

    The Harlem Garden Apartments is a 126-unit apartment complex located in Clewiston, Florida. Situated on 18 acres, the property is fully HAP-assisted. The property has 97%+ occupancy. Rents are backed by HUD. The asset is fully staffed and in compliance. The property size is 231332 square feet. The complex is located in Hendry County. The zoning is RG4.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flyy Photos Photography Service Harlem Garden Apartments Apartment Building Harlem Garden Apartments ... Food Bank Kinsey's beauty and more ... Hair Salon

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store Skin Care Clinic Bar & Pub Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clewiston
    County
    Hendry
    State
    Florida
    Longitude
    -80.946684
    Latitude
    26.734946

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    FAQs

    What type of property is this?
    Apartment building - 126-unit apartment complex in Clewiston, fully HAP-assisted with HUD-backed rents.
    Where is this apartment building located?
    The property is located at 700 Harlem Tenants Circle Clewiston, FL.
    What is the asking price?
    The asking price for this property is $10,000,000.
    What are key features of this property?
    This property features: 126‑unit apartment complex with **97%+ occupancy**; Rents are backed by HUD, providing stable income; Property is fully HAP‑assisted
    (305) 298-4276
    We can help!
    Listing Contact
    Vikaash Moosai
    Real Estate License ID: 3468095
    Learn More
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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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