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Property profile & analytics
FOR LEASE
Motels
2200 Us Highway 441 SE Okeechobee, FL 34974
Trust Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-1888768
For Lease
1 / 2
$20 SF/Yr
2200 Us Highway 441 SE, Okeechobee, FL 34974
View Listing →
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1984
Construction
STEEL FRAME
Total area
25,024 SF
Lot
8.66 ac (377,273 SF)
APN
1-35-37-35-0A00-00011-B000
UPID
US18-1888768
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$885k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$885k
Owner & transaction history
Florida Property Trust LLC · 7 yrs held
Florida Property Trust LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Okeechobee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Okeechobee submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$885k
Range $797k – $974k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$35 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$40,825
Tax year 2023
Assessed value
$3,175,354
Assessed 2023
Previous assessed
$2,712,061
+17.1% YoY
Effective rate
1.29%
On assessed value
Assessed land
$460,563
Assessed improvement
$2,714,791
Land market value
$460,563
Improvement market value
$2,714,791
Total market value
$3,175,354
Applied tax rate
30.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Motels
Use group
MOTEL
Status
For Lease
Year built
1984
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
WINDOW A/C
Buildings
4
Stories
2
Rooms
50
Bathrooms
88
Total area
25,024 SF
Lot
8.66 ac (377,273 SF)
APN
1-35-37-35-0A00-00011-B000
UPID
US18-1888768
Jurisdiction
OKEECHOBEE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1984
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
4
Rooms
50
Bathrooms
88
Lot
8.66 ac
Current owner
From public records · entity-resolved
Florida Property Trust LLC
Trust
Mailing address
10976 PARK RDG GOTHA RD, WINDERMERE, FL 34786-7923
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2023
—
Florida Property Trust LLC
—
Deed
related
$2,000,000 · Grasshopper Bank NA
Dec 21, 2018
$2,350,000
Florida Property Trust LLC
Williams,bill D
Warranty Deed
$1,950,000 · Bill D Williams
Nov 14, 2018
$100
Bill D Williams
Bw Leasing LLC
Quit Claim Deed
related
—
Jun 25, 2014
$1,500,000
Bw Leasing LLC
Wells Fargo Bk NA
Grant Deed
—
Jun 25, 2014
—
Fargo Bk NA Wells
Federal Deposit Ins Corp
Quit Claim Deed
—
Nov 26, 2012
$1,503,000
Community S Bk
Brentwood Okeechobee Coc
Trustees Deed
related
—
Jun 3, 2011
$400,000
Hutton Florida One LLC
Bennett,trey W & Loralie T
Warranty Deed
$1,176,000 · Branch Banking & Trust Co
Jan 7, 2008
$4,350,000
Brentwood Okeechobee LLC
Pier II Resorts INC
Warranty Deed
$2,231,500 · Community South Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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