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    Property profile & analytics

    203 Park St Okeechobee, FL 34972-4160

    • Retail space
    • 6,272 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimation
    $290,000
    Location Intelligence
    Property ID
    US18-5078884
    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

    • South Florida Office Furniture / Furniture Store
    • Okeechobee Discount Drugs / Pharmacy

    Property Details for 203 Park St

    Year built
    1952
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.16 lot acres
    Property size
    6,272 SF
    Property type
    Retail space
    APN
    3-15-37-35-0010-01680-0010
    APU
    9223372036854775807

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $275,000

    • CAP approach

      CAP return
      Estimation
      6%
      $335,000
      6.5%
      $365,000
      7%
      $370,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $295,000
      Geo Method
      $380,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $370,000
      Retail
      $385,000
      Mixed-Use
      $315,000
      Hospitality
      $310,000
      Educational
      $400,000
      Residential Income
      $400,000
      Energy
      $345,000
      Income-Based Land
      $410,000
      Food Service
      $375,000

    Location Insight

    • Map
    • Local Demand
    City
    Okeechobee
    County
    Okeechobee
    State
    Florida
    Longitude
    -80.8313
    Latitude
    27.2428
    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
    $7,089
    $65,675
    $300,758
    $366,433
    -
    $65,675
    $300,758
    $366,433

    Comparable in this City

    • Value Estimation by Request
      240 SF

      227 39th Blvd

      RETAIL STORES (PERSONAL SERVICES) • 240 SF
      227 39th Blvd, Okeechobee, FL 34972
      View Details
    • Value Estimation by Request
      15,490 SF

      907 Park St

      RETAIL STORES (PERSONAL SERVICES) • 15,490 SF
      907 Park St, Okeechobee, FL 34972-4117
      View Details
    • Value Estimation
      $310,000
      6,831 SF

      815 Park St

      RETAIL STORES (PERSONAL SERVICES) • 6,831 SF
      815 Park St, Okeechobee, FL 34972-4116
      View Details
    • Value Estimation
      $300,000
      6,002 SF

      519 Park St

      RETAIL STORES (PERSONAL SERVICES) • 6,002 SF
      519 Park St, Okeechobee, FL 34972-4166
      View Details
    • Value Estimation
      $300,000
      5,924 SF

      415 Park St

      RETAIL STORES (PERSONAL SERVICES) • 5,924 SF
      415 Park St, Okeechobee, FL 34972-4164
      View Details
    • Value Estimation
      $400,000
      7,840 SF

      400 Park St

      RETAIL STORES (PERSONAL SERVICES) • 7,840 SF
      400 Park St, Okeechobee, FL 34972-4149
      View Details

    Similar Nearby for Sale

    • $2,765,000
      3,086 SF

      NNN Leased Retail Building

      Freestanding NNN leased retail building with approximately 12 years remaining.
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      Downtown Okeechobee investment opportunity.
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      Commercial building on 1,886 sq. ft. lot for sale.
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      Highway Frontage Motel and Parking

      Motel, storage, and parking near Highway 70.
      104 NE 6Th Ave, Okeechobee, FL 34972
      View Details
    • $299,000
      0.47 Acres

      Okeechobee Commercial Property For Sale

      Commercial property in Okeechobee, Florida, with highway frontage.
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    • $799,000
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      Okeechobee Retail Space - Owner Financing!

      Prime Retail Location, 3,317 SF, Owner Financing Available
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      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
    • $23 SF/Yr
      52,000 SF

      Raulerson Medical Office Suites

      Modern Medical Office Space Available
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      View Details
    • $19 SF/Yr
      3,442 SF

      Okeechobee Office Space Available

      Office space available for lease in Okeechobee, Florida.
      208 SE Park St, Okeechobee, FL 34972
      View Details
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    Okeechobee, FL 34972-4160
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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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