Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    NW 240th Okeechobee, FL 34972

    View on Map
    Claim this Listing
    Pending
    $375,000

    LAND - Okeechobee, FL

    Lot size:
    20.00 Acres
    Added:
    Nov 8, 2025
    Days on Market:
    160
    Last Refresh:
    Apr 17 at 4:06 pm

    Property Features for NW 240th

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Agriculture
    Fencing
    Fenced
    Standard status
    Pending
    APN
    1-34-34-33-0A00-00020-0000
    Lot size
    20.00 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    LOT 20, SECTION 34 AS TO THE SOUTHERN COLONIZATION COMPANY PLAT OF TOWNNSHIP 34 SOUTH, RANGE 33 EAST, ACCORDING TO THE PLAT THEREOF RECORDED
    Tax Annual Amount
    2159

    Utilities

    Utilities
    Water Available
    Water source
    Well
    Water front features
    Pond
    Water front
    1

    We can help!

    Listing Contact
    Shawndra L Smialek

    Listing agent Shawndra L Smialek License #3068887

    Listing office Florida Preferred Realty LLC 2598 E Sunrise Boulevard, S, Pompano Beach, FL

    Listing date Nov 8, 2025

    MLS# F10536236 Listing URL

    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

    Okeechobee Ranch with Agricultural Zoning

    This 20-acre ranch is available for sale in Okeechobee, Florida, and is zoned for agricultural use. Situated on a secluded dead-end road, the fenced property offers privacy and includes a gazebo for relaxation and enjoying the views. The land features a lush green pasture surrounding ponds, suitable for cattle and horses. A large shed provides storage space. The property is equipped with a well and generator for fresh water, and electric connections are already in place. The two ponds are stocked with bass for fishing, and hunting is allowed. This ranch presents an opportunity to build a dream home and start a farm.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Okeechobee
    County
    Okeechobee
    State
    Florida
    Longitude
    -81.014348
    Latitude
    27.470464

    Nearby Similar for Sale

    • $600,000

      Renovated Commercial Warehouse in Okeechobee

      Fully renovated 3,424 SF commercial warehouse in central Okeechobee.
      1113 SW Park Street, Okeechobee, FL 34974
      View Details
    • $1,200,000
      3,880 SF

      Okeechobee Commercial Building and Business

      Thriving dry-cleaning business and commercial building for sale in Okeechobee.
      400 S Parrott Avenue, Okeechobee, FL 34974
      View Details
    • $275,000
      956 SF

      Okeechobee Commercial Building For Sale

      Commercial building in Okeechobee, Florida, needing TLC, in commercial zone.
      304 SW 3rd Ave, Okeechobee, FL 34974
      View Details
    • $325,000

      Turnkey Medical Suite in Okeechobee

      Turnkey medical suite for sale or lease in Okeechobee.
      1713 US Highway 441 N, Okeechobee, FL 34972
      View Details
    • $4,500,000

      Turnkey Grassfed Production Business

      Vertically integrated grassfed production business with real estate included.
      21810 NW 270TH ST, Okeechobee, FL 34972
      View Details
    • $265,000

      RV Resort Lot with Casita

      RV resort lot with amenities and outdoor living space.
      530 SW 40th Cv, Okeechobee, FL 34974
      View Details
    • $182,500

      RV Resort Lot with Casita

      Lot with Casita in active RV Resort, Okeechobee.
      515 SW 39th Trace, Okeechobee, FL 34974
      View Details
    • $219,000

      Affordable Multi-Unit Property in Okeechobee

      Two homes on oversized lot, great investment or family compound.
      3214 SE 33RD TERRACE, OKEECHOBEE, FL 34974
      View Details
    • $399,000

      Luxury RV Resort Property

      Upscale RV resort property with Tiki, Casita, and fifth wheel.
      3608 SW 7th Path, Okeechobee, FL 34974
      View Details
    • $2,000,000

      Okeechobee Ranch with Development Potential

      104-acre ranch property with renovation or redevelopment potential near town.
      6235 Us Highway 98, Okeechobee, FL 34972
      View Details
    • $375,000

      Commercial Building in Okeechobee, FL

      Income-producing commercial building with three separate bays in Okeechobee.
      200 SW 3rd Avenue, Okeechobee, FL 34974
      View Details
    • $925,000
      6,400 SF

      Downtown Okeechobee Commercial Office Buildings

      Commercial/professional office buildings in downtown Okeechobee, walking distance to courthouses.
      180A NW 3RD AVENUE Ave, OKEECHOBEE, FL 34972
      View Details

    FAQs

    What type of property is this?
    Ranch - 20-acre ranch in Okeechobee, Florida, with agricultural zoning.
    Where is this ranch located?
    The property is located at NW 240th Okeechobee, FL.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: 20‑Acre Ranch Zoned Agricultural: Ideal for farming, livestock, and building a homestead; Two Ponds Stocked with Bass: Offers recreational fishing opportunities; Fenced Property: Ensures livestock containment and security
    (305) 746-5302
    We can help!
    Listing Contact
    Shawndra L Smialek
    Real Estate License ID: 3068887
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!