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    201 S Parrott Ave Okeechobee, FL 34974

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    For Sale
    $850,000

    One acre commercial land parcel on major highway.

    Lot size:
    1.00 Acre

    Property Features for 201 S Parrott Ave

    General Information

    Lot size
    1.00 Acre
    Source: Elliman

    Listing Agent: Daniel Taylor

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

    Overview

    Prime Highway Frontage Land Parcel

    This one-acre parcel is located on Highway 441 (Parrott Avenue), a major four-lane north-south artery through Okeechobee, Florida. The property is situated in front of a Holiday Inn Express and within a half-mile of Home Depot, Walmart, Publix, and the largest KOA site in the USA. New Starbucks and Dunkin' locations are soon to be developed within 1000 feet of the site. This location is suitable for a national chain restaurant.
    Location Intelligence

    Current Use by Public Records

    Budget Inn Okeechobee Motel Merrill Lynch Wealth ... Financial Planner

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Okeechobee
    County
    Okeechobee
    State
    Florida
    Longitude
    -80.8292863
    Latitude
    27.2418869

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    FAQs

    What type of property is this?
    Commercial land - One acre commercial land parcel on major highway.
    Where is this commercial land located?
    The property is located at 201 S Parrott Ave Okeechobee, FL.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Prime location on major highway (Hwy 441) with high traffic flow.; - One acre +/- outparcel.; - Located in front of Holiday Inn Express.
    (561) 373-7000
    Request Owner's contact information
    201 S Parrott Ave Okeechobee, FL 34974
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    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
    201 S Parrott Ave Okeechobee, FL 34974
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