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    Hotel Motel and RV Park Title is generated by Realmo AI

    1421 NE US Highway 441 # 10, Okeechobee, FL 34974

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    Two-part stabilized property combining motel rooms and RV/manufactured home pads for long-term tenants.

    Type:Multifamily, Hospitality, Mobile Home Park
    Property size:
    3,152 SF
    Price / SF:
    $412/SF
    Added:
    Jun 1, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 6 at 5:02 am

    Property Features for 1421 NE US Highway 441 # 10

    General Information

    Standard status
    Active
    Size
    3,152 SF
    Property subtype
    Multifamily, Hospitality, Mobile Home Park

    We can help!

    Listing Contact
    Matthew Mondo
    Matthew Mondo

    Listing agent Matthew Mondo License #FL SL3445909

    Listing office Jeremiah Baron & Co. Commercial Real Estate LLC

    Listing date Jun 1, 2026

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of Jeremiah Baron & Co. Commercial Real Estate LLC

    HighLights

    • Two‑part stabilized income property at 1422 US‑441, Okeechobee, FL: 10‑room motel plus rear/side RV or manufactured home lots.
    • Current setup includes motel rooms and existing long‑term local tenants; three recent vacancies were filled over the weekend.
    • Owner is adding seven additional RV/manufactured home sites, including electrical and plumbing infrastructure.
    • Adjacent land historically used for RV placement for over 20 years; state ownership may apply to part of the area, pending due diligence.
    • Includes attached rent roll available upon request with signed NDA.

    Overview

    This hospitality property operates as two components: a hotel/motel with a long-term apartment building, and an RV/manufactured home park with lots located to the rear and side of the site. The motel currently consists of 10 rooms and is being expanded as part of the current ownership. The attached rent roll indicates three recent vacancies were filled with long-term local tenants over the weekend, supporting stabilized occupancy.

    The property is located on US Highway 441 in Okeechobee, Florida. In addition to the existing RV/manufactured home lots, the owner is adding seven additional RV/manufactured home sites, including electrical and plumbing infrastructure. There is also an adjacent portion of land that has been historically utilized for RV placement for over 20 years; however, part of that area may involve state ownership, which will require due diligence to confirm legal use and any future entitlement.

    For an owner-operator or investor looking for a combined accommodation and RV-pad platform, this setup provides a straightforward way to manage hospitality units alongside long-term manufactured housing/RV placements. The seller has noted that a rent roll is available upon request with signed NDA, and expansion plans for the additional sites are already underway, subject to completion and any required approvals for surrounding acreage.
    Location Intelligence

    Current Use by Public Records

    Motels

    Suggested Use

    Restaurant Building Supply Hair Salon Auto Repair Shop Auto Parts Store Hotel & Motel Department Store Storage Facility Bar & Pub Discount Store

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

    Similar Places Nearby

    • Okeechobee Motel & RV Park — 1422 Hwy 441 SouthEast, 1422 US-441, Okeechobee, FL 34974
    • Rim Canal Motel & RV Park — 1422 US-441, Okeechobee, FL 34974
    • Cypress Cove Apartments — 685 US-441, Okeechobee, FL 34974
    • Travelodge Suites by Wyndham Lake Okeechobee — 1527 US-441, Okeechobee, FL 34974
    • Days Inn & Suites by Wyndham Lake Okeechobee — 2200 US-441, Okeechobee, FL 34974

    Location Insight

    • Map
    • Local Demand
    City
    Okeechobee
    County
    Okeechobee
    State
    Florida
    Longitude
    -80.813318
    Latitude
    27.206426

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    FAQs

    What type of property is this?
    Motel - Two-part stabilized property combining motel rooms and RV/manufactured home pads for long-term tenants.
    Where is this motel located?
    The property is located at 1421 NE US Highway 441 # 10 Okeechobee, FL.
    What is the asking price?
    The asking price for this property is $1,299,997.
    What are key features of this property?
    This property features: Two‑part stabilized income property at 1422 US‑441, Okeechobee, FL: 10‑room motel plus rear/side RV or manufactured home lots.; Current setup includes motel rooms and existing long‑term local tenants; three recent vacancies were filled over the weekend.; Owner is adding seven additional RV/manufactured home sites, including electrical and plumbing infrastructure.
    (772) 286-5744 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Matthew Mondo
    Matthew Mondo
    Real Estate License ID: FL SL3445909
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    1421 NE US Highway 441 # 10, Okeechobee, FL 34974
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