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    17925 NW 316Th St Okeechobee, FL 34972

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    17925 NW 316Th St Okeechobee, FL 34972

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    • Commercial real estate
    For Sale
    $41,000
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    Okeechobee Land: Build Your Dream For Sale
    $41,000
    1.00 Acre

    Okeechobee Land: Build Your Dream

    1.25 acre lot to build your dream home.

    17925 NW 316th Street, Okeechobee, FL 34972
    View Listing
    Property ID
    US18-4586876
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 17925 NW 316Th St

    Property type
    Commercial real estate

    Description

    This exceptional 54,450 square foot commercial land parcel presents a remarkable investment opportunity in Okeechobee, Florida. Located at 17925 NW 316th Street, Okeechobee, FL 34972 (27.535494, -81.009671), this expansive lot is ready for development. The property is currently vacant and offers a blank canvas for a variety of commercial ventures. While previously envisioned for residential use, the existing infrastructure could be repurposed for commercial applications. The substantial size allows for significant flexibility in design and construction. The property's location in Okeechobee County provides access to local amenities and transportation routes. The asking price of $50,000 represents a compelling entry point into the Okeechobee commercial real estate market. This is an ideal opportunity for developers, investors, or businesses seeking a strategically located and sizable land parcel to build their future. The property's size and location offer significant potential for return on investment. Serious inquiries are encouraged to explore the possibilities of this unique commercial land offering. Further details are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Okeechobee
    County
    Okeechobee
    State
    Florida
    Longitude
    -81.009671
    Latitude
    27.535494

    Comparable in this City

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      0.41 Acres

      Okeechobee Land Near State Road

      Two lots totaling approximately 0.41 acres near State Road 60.
      State Road 60, Okeechobee, FL 34972
      View Details
    • $600,000
      20.00 Acres

      20-Acre Vacant Land Opportunity

      20 acres in Okeechobee, perfect for homestead or recreation.
      17500 NW 144Th Ave, Okeechobee, FL 34972
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    • $45,000
      1.25 Acres

      Versatile Land in Okeechobee, FL

      1.25 acres suited for farming or residential development.
      20375 NW 248Th St, Okeechobee, FL 34972
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    Similar Nearby for Sale

    • Contact for pricing
      0.41 Acres

      Okeechobee Land Near State Road

      Two lots totaling approximately 0.41 acres near State Road 60.
      State Road 60, Okeechobee, FL 34972
      View Details
    • $600,000
      20.00 Acres

      20-Acre Vacant Land Opportunity

      20 acres in Okeechobee, perfect for homestead or recreation.
      17500 NW 144Th Ave, Okeechobee, FL 34972
      View Details
    • $45,000
      1.25 Acres

      Versatile Land in Okeechobee, FL

      1.25 acres suited for farming or residential development.
      20375 NW 248Th St, Okeechobee, FL 34972
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      30,660 SF

      Retail/Industrial/Flex Space Available

      Retail, industrial, or flex space with high street visibility.
      3601 Us Highway 441 S, Okeechobee, FL 34972
      View Details
    • Contact for pricing
      3,442 SF

      Okeechobee Office Space Available

      Office space available for lease in Okeechobee, Florida.
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    • Contact for pricing
      1,600 SF

      Retail Space in Premier Center

      Retail space available in Okeechobee's premier shopping center.
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    • Contact for pricing

      Okeechobee Acute Care Hospital

      100-bed acute care hospital providing quality healthcare.
      1796 Us Highway 441, Okeechobee, FL 34972
      View Details
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    Okeechobee, FL 34972
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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    17925 NW 316Th St, Okeechobee, FL, 34972

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