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    3321 38Th Ave Okeechobee, FL 34974

    For Sale
    $399,000

    Profitable Nursery & Rental Income

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Okeechobee, Florida mixed-use property presents a unique investment opportunity. Priced at $399,000, this 1.34-acre site boasts a thriving nursery featuring mature fruit trees, palms, and diverse plantings. The property also includes three rental units: one doublewide with a screened room, one singlewide with a porch, and a park model with a porch. Metal roofs are approximately three years old. Two units have central AC/heat; the park model has a window unit. City water and private septic systems are in place. The property is fully fenced. This turnkey operation allows for business ownership, on-site living, and supplemental rental income. The location is convenient, just one mile from Lake Okeechobee. This is a must-see for investors seeking a diversified income stream and a prime location. Note that an adjacent 5-unit mobile home park is available for separate or package purchase. Do not disturb tenants.

    Property Features for 3321 38Th Ave

    General Information

    Property type
    Mixed-use properties

    Building Details

    Units
    3

    HighLights

    • $399,000 asking price.
    • Mixed‑use property with three units.
    • 1.34‑acre lot located one mile from Lake Okeechobee.
    • Includes a nursery with mature fruit trees and landscaping.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Hair Salon Building Supply Auto Repair Shop Pharmacy Wholesale Shop Hotel & Motel Kitchen & Bath Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Okeechobee
    County
    Okeechobee
    State
    Florida
    Longitude
    -80.7898015
    Latitude
    27.2134758

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    FAQs

    What type of property is this?
    Mixed-use property - Profitable Nursery & Rental Income
    Where is this mixed-use property located?
    The property is located at 3321 38Th Ave Okeechobee, FL.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: $399,000 asking price.; Mixed-use property with three units.; 1.34-acre lot located one mile from Lake Okeechobee.
    Request Owner's contact information
    3321 38Th 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
    3321 38Th Ave Okeechobee, FL 34974
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