0 Hwy 441 Okeechobee, FL 34974
This exceptional Okeechobee, FL RV park presents a lucrative investment opportunity. The 1.06-acre property boasts a 100% occupancy rate, generating a robust gross income of $242,688 and a net operating income (NOI) of $208,957, resulting in an impressive 9% capitalization rate. The well-maintained park features a diverse mix of RV lots, mobile homes, and apartment buildings, catering to a broad range of residents and guests. Infrastructure includes a well and three efficient septic systems. Conveniently located near amenities such as Dollar Generals and convenience stores, the park benefits from its proximity to Okeechobee's approximately 43,000 residents and the exciting development potential of nearby projects, including a Bass Pro Resort and a new casino and resort in Brighton, FL (a short 30-minute drive). The property offers significant potential for added value through the addition of coin-operated laundry facilities, further enhancing rental income. A significant advantage is the inclusion of one year of full-time property management as part of the sale, ensuring a seamless transition for the new owner. The asking price is $2,300,000. This turnkey operation is a true cash-generating asset.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.