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    5351 16Th Ave Okeechobee, FL 34974

    For Sale
    $1,595,000

    High-security, 2.58-acre mixed-use building.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional investment opportunity presents a 2.58-acre mixed-use property located at 5351 SW 16th Avenue SW, Okeechobee, FL, priced at $1,595,000. The property boasts a secure design, featuring 12x12 drive-thru doors ideal for secure inventory management and equipment servicing. A high-security fence, reinforced with barbed wire, encircles the entire lot, ensuring optimal protection. The building is in very good condition and ready for immediate occupancy. The property benefits from light commercial zoning within a planned resort area, offering significant future development potential. Internal features include a second-floor area with private offices, a meeting room, and a mezzanine accessible via a private entry. A comprehensive security system is in place for added peace of mind. The drive-thru service area is further enhanced by protective reinforced concrete stanchions. The building is equipped with air conditioning. This property represents a rare combination of security, functionality, and location, making it an attractive investment for a variety of commercial uses. The substantial lot size and existing infrastructure provide ample opportunity for expansion or adaptation to suit specific business needs.

    Property Features for 5351 16Th Ave

    General Information

    Property type
    Mixed-use properties
    Lot Size
    112,385 SF

    Building Details

    Year Built
    2007
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    P.F. Farm 8183 ... Fruit Wholesaler

    Suggested Use

    Restaurant Realty agency Wholesale Shop Auto Repair Shop Hotel & Motel Storage Facility Bar & Pub Convenience Store Travel Agency Tailor Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Okeechobee
    County
    Okeechobee County
    State
    Florida
    Longitude
    -80.8456
    Latitude
    27.1911

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    FAQs

    What type of property is this?
    Mixed-use property - High-security, 2.58-acre mixed-use building.
    Where is this mixed-use property located?
    The property is located at 5351 16Th Ave Okeechobee, FL.
    What is the asking price?
    The asking price for this property is $1,595,000.
    (561) 427-2154
    Request Owner's contact information
    5351 16Th Ave Okeechobee, FL 34974
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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
    5351 16Th Ave Okeechobee, FL 34974
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