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    Property profile & analytics

    710 2Nd Ave Okeechobee, FL 34972

    • Warehouses
    • 8,432 SF
    • 2.28 lot acres
    For Sale
    View listing
    $1,300,000
    Value Estimation
    Last Sale
    Nov 16, 2021
    $475,000
    Location Intelligence
    Property ID
    US18-7825598
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 710 2Nd Ave

    Year built
    1960
    Construction
    WOOD
    Lot size
    2.28 lot acres
    Property size
    8,432 SF
    Property type
    Warehouses
    APN
    3-15-37-35-0010-00560-0010
    APU
    9223372036854775807

    Description

    This exceptional 2.28-acre industrial property in Okeechobee, Florida, presents a compelling investment opportunity. Currently fully leased with a 6.9% cap rate, the property boasts a 15,428 square-foot building featuring both grade-level and dock-high loading. The existing tenant has a four-year lease remaining, followed by a five-year option with a 3% annual rent increase. Strategically located on the CSX Rail Line and US Hwy 441, this site offers unparalleled access to major transportation arteries, including Florida's Turnpike and I-95 (within 30 minutes). Its prime location in Okeechobee, a thriving hub for heavy industry and agriculture, provides easy access to West Palm Beach, Fort Lauderdale, Miami, and Orlando. The property's proximity to Lake Okeechobee and the Okeechobee Waterway further enhances its appeal. The industrial zoning allows for potential value-add opportunities through building renovation. The area's presence of several international companies underscores its strong industrial market. This is a rare chance to acquire a well-positioned, income-producing asset with significant long-term potential. The asking price is $1,300,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $620,000

    • CAP approach

      CAP return
      Estimation
      6%
      $610,000
      6.5%
      $700,000
      7%
      $700,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $660,000
      Geo Method
      $740,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $755,000
      Retail
      $625,000
      Mixed-Use
      $680,000
      Hospitality
      $745,000
      Educational
      $625,000
      Residential Income
      $650,000
      Energy
      $690,000
      Income-Based Land
      $685,000
      Food Service
      $590,000

    Location Insight

    • Map
    • Local Demand
    City
    Okeechobee
    County
    Okeechobee
    State
    Florida
    Longitude
    -80.8281
    Latitude
    27.2513
    CBSA code
    36380
    CBSA name
    OKEECHOBEE, FL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,921
    $124,146
    $18,296
    $142,442
    -
    $124,146
    $18,296
    $142,442

    Comparable in this City

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      2,840 SF

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    • Value Estimation by Request
      3,477 SF

      1551 24th Dr

      WAREHOUSE, STORAGE • 3,477 SF
      1551 24th Dr, Okeechobee, FL 34972-2014
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    • Value Estimation by Request
      17,720 SF

      2595 8th St

      WAREHOUSE, STORAGE • 17,720 SF
      2595 8th St, Okeechobee, FL 34972-2318
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    • Value Estimation by Request
      12,025 SF

      1260 9th Ave

      WAREHOUSE, STORAGE • 12,025 SF
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      4,908 SF

      303 9th St

      WAREHOUSE, STORAGE • 4,908 SF
      303 9th St, Okeechobee, FL 34972-2115
      View Details
    • Value Estimation by Request
      10,500 SF

      2534 16th Blvd

      WAREHOUSE, STORAGE • 10,500 SF
      2534 16th Blvd, Okeechobee, FL 34972-2011
      View Details

    Similar Nearby for Sale

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      Okeechobee Industrial Land Investment

      2.28-Acre Industrial Property, 6.9% Cap Rate
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    Similar Nearby for Lease

    • Contact for pricing
      30,660 SF

      Retail/Industrial/Flex Space Available

      Retail, industrial, or flex space with high street visibility.
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      View Details
    • $23 SF/Yr
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    Okeechobee, FL 34972
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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
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