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    7650 Hwy 78 Okeechobee, FL 34971

    For Sale
    $1,799,000

    Prime 2.5-acre mobile home park near Lake Okeechobee.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional investment opportunity presents a 27-lot mobile home park and a one-unit concrete block studio apartment complex situated on over 2.5 acres in Okeechobee, Florida. Conveniently located minutes from Lake Okeechobee, the Kissimmee River, and Okeechobee's downtown area with its diverse dining and shopping options, this property also enjoys proximity to the developing Bass Pro Resort (less than 6 miles away). The park features three convenient entrances for ease of access. The property includes 6 park-owned units, 15 tenant-owned units (lot rent only), and one unit currently under financing. There are also 6 vacant pads ready for development. Public water and septic are in place and sub-metered. Adding to its appeal, five brand-new, one-bedroom, one-bathroom mobile homes have recently been installed and are estimated to rent for $1400 per month. The park also boasts on-site laundry facilities. Significant value-add potential exists through leasing the vacant pads or installing new mobile homes at an estimated cost of $58,000 per unit, projecting a 9.5%-10% capitalization rate with an estimated investment of $348,000. This property offers a compelling blend of immediate income and substantial future growth potential in a desirable location. The property is priced at $1,799,000.

    Property Features for 7650 Hwy 78

    General Information

    Property type
    Other commercial real estate
    Lot Size
    108,900 SF

    Building Details

    Year Built
    1984
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Okeechobee
    County
    Okeechobee
    State
    Florida
    Longitude
    -81.07689
    Latitude
    26.99615

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    FAQs

    What type of property is this?
    Commercial real estate - Prime 2.5-acre mobile home park near Lake Okeechobee.
    Where is this commercial real estate located?
    The property is located at 7650 Hwy 78 Okeechobee, FL.
    What is the asking price?
    The asking price for this property is $1,799,000.
    (954) 923-2325
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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.

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    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

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    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
    7650 Hwy 78 Okeechobee, FL 34971
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