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    3431 38Th Ave Okeechobee, FL 34974

    For Sale
    $525,000

    Five-unit office building, excellent investment.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This five-unit office building is located at 3431 SE 38th Avenue in Okeechobee, Florida, 34974. The property is listed at $525,000. The building consists of five individual units, ideal for multiple tenants or a single owner-operator. While the lot size is not specified, the property offers a significant investment opportunity. The property is situated in Okeechobee County, Florida, offering convenient access to local amenities and services. Further details regarding the individual unit sizes and specifications are not currently available. This property presents a strong potential for rental income and capital appreciation. The property's location offers proximity to Lake Okeechobee, a significant regional attraction. Interested parties are encouraged to conduct their own due diligence to fully assess the property's potential. Note that this listing pertains only to the five-unit office building at 3431 SE 38th Avenue. A separate, adjacent three-unit mobile home property with a nursery is also available for purchase, but is not included in this listing.

    Property Features for 3431 38Th Ave

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Units
    5
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Okeechobee
    County
    Okeechobee
    State
    Florida
    Longitude
    -80.7903857
    Latitude
    27.2121713

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    FAQs

    What type of property is this?
    Office Property / Space - Five-unit office building, excellent investment.
    Where is this office property / space located?
    The property is located at 3431 38Th Ave Okeechobee, FL.
    What is the asking price?
    The asking price for this property is $525,000.
    Request Owner's contact information
    3431 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
    3431 38Th Ave Okeechobee, FL 34974
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