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    502 NE Park St Okeechobee, FL 34972

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    For Sale
    $2,765,000

    Freestanding NNN leased retail building with approximately 12 years remaining.

    Property size:
    3,086 SF
    Lot size:
    0.99 Acres

    Property Features for 502 NE Park St

    General Information

    Size
    3,086 SF
    Lot size
    0.99 Acres

    Source: Pegasus Investments Agent Tony Veiller

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    NNN Leased Retail Building

    This is a freestanding retail building offered for sale. The property is NNN leased and has approximately 12 years remaining on the lease. The building has a size of 3,086 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Wendy's Fast Food Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Okeechobee
    County
    Okeechobee
    State
    Florida
    Longitude
    -80.8249897
    Latitude
    27.2431899

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    FAQs

    What type of property is this?
    Retail space - Freestanding NNN leased retail building with approximately 12 years remaining.
    Where is this retail space located?
    The property is located at 502 NE Park St Okeechobee, FL.
    What is the asking price?
    The asking price for this property is $2,765,000.
    What are key features of this property?
    This property features: - Free standing NNN leased retail building; - ±12 years remaining on lease; - Investment property
    (310) 691-1350
    Request Owner's contact information
    502 NE Park St Okeechobee, FL 34972
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    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
    502 NE Park St Okeechobee, FL 34972
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