Property profile

924 160Th St Okeechobee, FL 34972

OFF-MARKET
Land
40 ac lot
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Property summary

AI-generated overview

This exceptional 40-acre property, located at 924 NE 160th St, Okeechobee, FL 34972 (APN 13435350A00000020), presents a unique investment opportunity. Zoned A, this versatile land boasts both agricultural and residential potential. Currently used for hay production, 12 acres show promise for sod cultivation. The property is conveniently situated on the corner of NE 60th Street (68) and 441 North, offering easy access, just 15 minutes from Okeechobee's town center. Improvements include a newly constructed pole barn and a new 5-inch well equipped with a 5 hp pump. The entire property is fully fenced, providing security and containment for livestock or other uses. The asking price for this remarkable parcel is $1,120,000. This is an ideal opportunity for those seeking a blend of agricultural use and future residential development potential in a desirable Florida location. The property's strategic location and existing infrastructure make it a compelling investment prospect. Serious inquiries are encouraged.

Property profile

Verified
Property type Land
Lot 40 ac (1,742,400 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

924 160Th St Okeechobee, FL 34972
Okeechobee metro
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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