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Property profile & analytics
OFF-MARKET
Individual retail properties

113 5th Ave Okeechobee, FL 34974-4220

3,858 SF 0.15 ac lot Built 1948
Entity Owned 3-yr Hold
Property ID
US18-4281459
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Individual retail properties
Use group BARBER, HAIR SALON
Year built 1948
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,858 SF
Lot 0.15 ac (6,359 SF)
APN 3-15-37-35-0010-01660-0070
UPID US18-4281459
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
Current use
Occupant on record · Public records
  • Premia Fitness Okeechobee Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Body Management Holdings LLC · 3 yrs held
Body Management Holdings LLC
since 2023
Last sale
$380,000
3 recorded transactions
2023
Price N/A
2023
$400,000
2017
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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