Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lakefront Land Investment Opportunity Title is generated by Realmo AI

    265 State Rd 78, Moore Haven, FL 33471

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Lakefront property near Brighton Casino with development potential.

    Type:Special Purpose
    Property size:
    2,164 SF
    Price / SF:
    $161/SF
    Added:
    Nov 5, 2024
    Days on Market:
    563
    Last Refresh:
    May 12 at 10:54 pm

    Property Features for 265 State Rd 78

    General Information

    Standard status
    Active
    Size
    2,164 SF
    Property subtype
    Special Purpose

    Building Details

    Year Built
    1974

    We can help!

    Listing Contact
    Carol Perry

    Listing agent Carol Perry

    Listing office EXP Realty LLC

    Listing date Nov 5, 2024

    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 EXP Realty LLC

    HighLights

    • Lakefront property with direct access to Lake Okeechobee
    • Investment opportunity near the Brighton Casino's upcoming hotel
    • Consists of four parcels, plus a fifth with purchase, including a double lot
    • Potential for development into a lakefront estate, community, or fish camp
    • Existing manufactured home that can be remodeled or removed
    • Includes a pavilion that could be restored

    Overview

    This property presents a lakefront investment opportunity near the Brighton Casino's upcoming hotel. Situated on a small inland lake with access to Lake Okeechobee, the property consists of four parcels, plus a fifth with purchase, including a double lot. An older manufactured home is present on the property, offering the option to remove or remodel it, with the possibility of adding CBS construction. A pavilion is also located on the premises, which could be restored. The property could be suitable for creating a lakefront estate, a family-friendly lakefront community, or a fish camp retreat.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Nail Salon Hotel & Motel Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Moore Haven
    County
    Glades
    State
    Florida
    Longitude
    -81.0822708
    Latitude
    26.9929214

    Nearby Similar for Sale

    • $575,000

      Prime Commercial Property on Highway

      Two acres of commercial land with highway frontage in Moore Haven.
      600 & 642 U S Hwy 27, Moore Haven, FL 33471
      View Details
    • $200,000

      Waterfront Land in Moore Haven

      Over half-acre riverfront homesite with access to Intracoastal Waterway.
      1035 W Anchor Lane, Moore Haven, FL 33471
      View Details
    • $299,900
      2,164 SF

      Lakefront Investment Opportunity Near Casino

      Lakefront property near Brighton Casino, ideal for development or recreation.
      265 State Rd 78, Moore Haven, FL
      View Details
    • $425,000

      Moore Haven Acreage with Development Potential

      9.7-acre parcel with multiple development possibilities in Moore Haven, FL.
      1100 Red Barn Rd N W, Moore Haven, FL 33471
      View Details
    • $3,700,000

      Highway Frontage Development Opportunity

      66.31 acre property zoned for RV/Motorcoach lots and commercial.
      1210 N Us Highway 27, Moore Haven, FL 33471
      View Details
    • $54,000

      Vacant Lot Near Lake Okeechobee

      Vacant lot near Lake Okeechobee, suitable for CBS or manufactured homes.
      1075 Friendship Drive NE, Moore Haven, FL 33471
      View Details
    • $80,000

      Residential Lot in Indian Hills

      0.84-acre residential lot in a peaceful, no-HOA community.
      1053 Right Side Road, Moore Haven, FL 33471
      View Details
    • $129,000

      Intracoastal Riverfront Homesite For Sale

      Affordable homesite with deep water access to major waterways.
      River Road lot: 19, Moore Haven, FL 33471
      View Details
    • $575,000

      Prime Commercial Land on Highway

      Two acres of commercial land with highway frontage available.
      600 & 642 US HWY 27, Moore Haven, FL 33471
      View Details
    • $250,000

      Waterfront Land in Moore Haven

      Waterfront property near Caloosahatchee River with Gulf and Atlantic access.
      1106 E Anchor Lane, Moore Haven, FL 33471
      View Details
    • $98,999

      Vacant Lots in Moore Haven

      Two wooded lots totaling 0.65 acres in Moore Haven.
      114 FLORIDA AVENUE NW, MOORE HAVEN, FL 33471
      View Details
    • $29,000

      Residential Lot Near Caloosahatchee River

      Cleared residential lot near river and upcoming school.
      1170 Foxmoor Street, Moore Haven, FL 33471
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Lakefront property near Brighton Casino with development potential.
    Where is this waterfront land located?
    The property is located at 265 State Rd 78 Moore Haven, FL.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: Lakefront property with direct access to Lake Okeechobee; Investment opportunity near the Brighton Casino's upcoming hotel; Consists of four parcels, plus a fifth with purchase, including a double lot
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Carol Perry
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    265 State Rd 78, Moore Haven, FL 33471
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!