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    Property profile & analytics

    113 5Th Ave Okeechobee, FL 34974

    • Individual retail properties
    • 3,858 SF
    • 0.15 lot acres
    For Sale
    View listing
    $559,000
    Value Estimation
    Last Sale
    Jun 19, 2023
    $400,000
    Location Intelligence
    Property ID
    US18-4281459
    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

    • Premia Fitness Okeechobee / Gym / Fitness Center

    Property Details for 113 5Th Ave

    Year built
    1948
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.15 lot acres
    Property size
    3,858 SF
    Property type
    Individual retail properties
    APN
    3-15-37-35-0010-01660-0070
    APU
    9223372036854775807

    Description

    This exceptional Okeechobee, FL commercial property presents a rare investment opportunity. Built in 1948, the 3,858 square foot building boasts a thriving, established gym with 75 active members and brand-new equipment. This turnkey gym operation is available for sale separately, offering immediate income potential. Adding to the property's value is a fully remodeled, one-bedroom, one-bathroom apartment currently leased at $1,500 per month, providing consistent rental income. The main building's substantial 3,011 square foot base offers significant flexibility for a variety of business ventures. Entrepreneurs will appreciate the versatility of this space, allowing for expansion or the addition of complementary businesses. The property sits on a 0.15-acre lot in a prime Okeechobee location. The building and the gym business are offered for sale separately, providing buyers with options to tailor their investment strategy. This is a unique chance to acquire a historically significant building with proven income streams and substantial growth potential. The asking price for the entire property is $559,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $385,000

    • CAP approach

      CAP return
      Estimation
      6%
      $365,000
      6.5%
      $320,000
      7%
      $335,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $330,000
      Geo Method
      $375,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $335,000
      Retail
      $310,000
      Mixed-Use
      $395,000
      Hospitality
      $360,000
      Educational
      $330,000
      Residential Income
      $325,000
      Energy
      $355,000
      Income-Based Land
      $355,000
      Food Service
      $310,000

    Location Insight

    • Map
    • Local Demand
    City
    Okeechobee
    County
    Okeechobee
    State
    Florida
    Longitude
    -80.8342
    Latitude
    27.2426
    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
    $3,206
    $30,400
    $105,976
    $136,376
    -
    $30,400
    $105,976
    $136,376

    Comparable in this City

    • Value Estimation
      $220,000
      1,446 SF

      306 3rd Ave

      BARBER, HAIR SALON • 1,446 SF
      306 3rd Ave, Okeechobee, FL 34974-4233
      View Details
    • Value Estimation
      $280,000
      3,380 SF

      3126 Us Hwy 441st S

      BARBER, HAIR SALON • 3,380 SF
      3126 Us Hwy 441st S, Okeechobee, FL 34974-6252
      View Details
    • Value Estimation by Request
      9,330 SF

      8474 Us Hwy 441st SE

      RETAIL STORES (PERSONAL SERVICES) • 9,330 SF
      8474 Us Hwy 441st SE, Okeechobee, FL 34974-9549
      View Details
    • Value Estimation by Request
      194,141 SF

      2101 Parrott Ave

      GROCERY, SUPERMARKET • 194,141 SF
      2101 Parrott Ave, Okeechobee, FL 34974-6160
      View Details
    • Value Estimation by Request
      12,382 SF

      1409 Parrott Ave

      FINANCIAL BUILDING • 12,382 SF
      1409 Parrott Ave, Okeechobee, FL 34974-5275
      View Details
    • Value Estimation
      $335,000
      4,684 SF

      510 Parrott Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,684 SF
      510 Parrott Ave, Okeechobee, FL 34974-4345
      View Details

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    113 5Th Ave
    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
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