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    2800 5Th Trl Okeechobee, FL 34972

    For Sale
    $1,995,000

    22 Units, Prime Location, 55+ Community

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional investment opportunity presents a thriving 22-unit mobile home park situated on a spacious 2.97-acre lot in the heart of Okeechobee, Florida. The property boasts a prime location within a well-established, vibrant community. All 22 units are currently well-maintained and occupied, providing immediate cash flow and a strong foundation for future growth. The park caters exclusively to a 55+ demographic, offering a stable and desirable tenant base. This presents a unique chance to acquire a turnkey operation with significant potential for increased profitability through various management strategies. The property's size and location offer considerable flexibility for future development or expansion, should the new owner choose to pursue such opportunities. The asking price of $1,995,000 reflects the property's strong performance and significant upside potential. Given the current market conditions and the desirability of this type of investment, this opportunity is expected to attract considerable interest. Serious inquiries are encouraged to explore this lucrative investment further. Please note that the property is currently occupied, and tenant privacy must be respected. Detailed financial statements and further information are available upon request. This is a rare chance to acquire a well-established, income-producing asset in a desirable Florida location.

    Property Features for 2800 5Th Trl

    General Information

    Property type
    Other commercial real estate
    Lot Size
    129,373 SF

    Building Details

    Year Built
    1980
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Okeechobee
    County
    Okeechobee
    State
    Florida
    Longitude
    -80.79895
    Latitude
    27.24861

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    FAQs

    What type of property is this?
    Commercial real estate - 22 Units, Prime Location, 55+ Community
    Where is this commercial real estate located?
    The property is located at 2800 5Th Trl Okeechobee, FL.
    What is the asking price?
    The asking price for this property is $1,995,000.
    (561) 287-0085
    Request Owner's contact information
    2800 5Th Trl Okeechobee, FL 34972
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    Realmo Value Estimation

    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.

    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.

    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
    2800 5Th Trl Okeechobee, FL 34972
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