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    Property profile & analytics

    1212 Parrott Ave Okeechobee, FL 34974-5272

    • Drive through restaurants
    • 3,394 SF
    • 0.69 lot acres
    OFF-MARKET
    Value Estimation
    $1,760,000
    Last Sale
    Dec 07, 2023
    $1,750,000
    Location Intelligence
    Property ID
    US18-0920281
    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

    • Dairy Queen Grill & Chill / Fast Food Restaurant / Ice Cream Shop

    Property Details for 1212 Parrott Ave

    Year built
    1985
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.69 lot acres
    Property size
    3,394 SF
    Property type
    Drive through restaurants
    APN
    3-21-37-35-0040-00170-0050
    APU
    9223372036854775807

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,830,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,765,000
      6.5%
      $1,630,000
      7%
      $1,830,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,840,000
      Geo Method
      $1,700,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,365,000
      Retail
      $1,375,000
      Mixed-Use
      $1,540,000
      Hospitality
      $1,695,000
      Educational
      $1,830,000
      Residential Income
      $1,815,000
      Energy
      $1,425,000
      Income-Based Land
      $1,590,000
      Food Service
      $1,665,000

    Location Insight

    • Map
    • Local Demand
    City
    Okeechobee
    County
    Okeechobee
    State
    Florida
    Longitude
    -80.8305
    Latitude
    27.2315
    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
    $12,501
    $207,750
    $457,394
    $665,144
    -
    $207,750
    $457,394
    $665,144

    Comparable in this City

    • Value Estimation by Request
      2,040 SF

      14448 State Rd 78

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,040 SF
      14448 State Rd 78, Okeechobee, FL 34974-0319
      View Details
    • Value Estimation by Request
      4,572 SF

      4151 Us Hwy 441st S

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,572 SF
      4151 Us Hwy 441st S, Okeechobee, FL 34974-6219
      View Details
    • Value Estimation
      $320,000
      2,228 SF

      3498 Us Hwy 441st S

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,228 SF
      3498 Us Hwy 441st S, Okeechobee, FL 34974-6237
      View Details
    • Value Estimation by Request
      3,136 SF

      117 8th Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,136 SF
      117 8th Dr, Okeechobee, FL 34974-4538
      View Details
    • Value Estimation by Request
      2,715 SF

      3387 Us Hwy 441st S

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,715 SF
      3387 Us Hwy 441st S, Okeechobee, FL 34974-6249
      View Details
    • Value Estimation by Request
      2,364 SF

      417 Parrott Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,364 SF
      417 Parrott Ave, Okeechobee, FL 34974-4342
      View Details

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    Similar Nearby for Lease

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    • Contact for pricing
      1,400 SF

      Retail Outparcel to Walmart Supercenter

      Retail space available in Okeechobee, adjacent to national retailers.
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      View Details
    • $1,400,000
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      Okeechobee Commercial Building Opportunity

      3-unit commercial building with thriving dry-cleaning business in high-traffic area.
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      Northlake Village Retail Space

      Retail space available at Northlake Village, Okeechobee, Florida.
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    • $650 /Mo

      Waterfront RV Lot for Rent

      Vacant RV lot with utilities and lake access.
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      View Details
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    Okeechobee, FL 34974-5272
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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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