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Property profile & analytics
OFF-MARKET
Office Spaces

3993 Hwy 441 Okeechobee, FL 34974

Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a 23-unit office park ideally situated in Okeechobee, Florida, at 3993 Highway 441 SE, zip code 34974. The property boasts 21 RV spaces, each featuring a concrete patio, adding to its diverse income streams. Further enhancing its appeal are a well-maintained two-bedroom, two-bathroom mobile home and a charming two-bedroom, one-bathroom concrete block home. Recent improvements include a newly paved asphalt road throughout the park, complete fencing, an on-site coin laundry facility, a fenced dog park with a sitting area, updated plumbing, a new septic system, and solar lighting. The park's prime location directly across from Lake Okeechobee's rim canal provides tenants with unparalleled access to recreational activities such as boating, fishing, and hiking. The property is conveniently located near local amenities and festivals, offering residents a blend of tranquility and accessibility. Eighteen of the 23 units are owner-occupied and in excellent condition. Individual electric and water meters for each unit ensure efficient utility management. The property offers a compelling 11% cap rate, making it an attractive investment prospect. Its strategic location in central Florida provides easy access to major cities, including Tampa, St. Petersburg, Naples, Fort Pierce, Stuart, Jupiter, Palm Beach, Miami, and Orlando, all within a reasonable driving distance. This property presents a unique opportunity for both primary and secondary home buyers seeking a blend of peaceful living and convenient access to Florida's diverse attractions. The property is offered at an asking price of $1,620,000.

Property profile
Verified
Property type Office Spaces
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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