Technical
Financial
Distress signals
Property profile

207 Park St Okeechobee, FL 34972

OFF-MARKET
Office Spaces
Property ID
US18-0236370
6,371 SF 0.16 ac lot Built 1975
Entity Owned 7-yr Hold
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Property summary

AI-generated overview

This exceptional Okeechobee, Florida retail property, located at 207 SW Park St, 34972, offers 6,371 total square feet on a 0.16-acre lot. The property features two buildings, each two stories high, totaling 5,783 square feet of net rentable space. Built in 1975, the property boasts a recently remodeled lower level featuring tile flooring and walls, fresh paint, and modern updates, ideal for medical or general office space. The upper level provides approximately 2,500 square feet of living space, including four large bedrooms, two bathrooms, an oversized living area, a full kitchen, and a nearly 500-square-foot enclosed porch with a city view and a fireplace. Significant recent improvements include a new roof and A/C equipment installed in 2019. Priced at $1,400,000 ($219.75/sq ft), this property presents a unique opportunity with high visibility and diverse potential uses. Its central location in downtown Okeechobee ensures high foot traffic and excellent exposure. The property's versatility makes it suitable for a variety of commercial and residential applications. This is a rare chance to acquire a substantial, well-maintained property in a thriving downtown area.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1975
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,371 SF
Lot 0.16 ac (7,056 SF)
APN 3-15-37-35-0010-01530-0100
UPID US18-0236370

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Business Service Center Employment Agency
  • Alternative Medicine Practice Spa & Massage Center
  • Employment Agency
  • Specialty Food Shop Candy Store

Location

207 Park St Okeechobee, FL 34972-2905
Okeechobee metro Census 910300 OKEECHOBEE, FL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$335k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

since 2019
5 recorded transactions
2019
$275,000
2015
Price N/A
2012
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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