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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Day care centers
2205 Us Hwy 98th N Okeechobee, FL 34972-8770
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-0987188
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
2002
Construction
STEEL FRAME
Total area
5,000 SF
Lot
1.84 ac (79,976 SF)
APN
1-07-37-35-0A00-00028-0000
UPID
US18-0987188
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
$765k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$785k
Owner & transaction history
World Class Academy Okeechobee Nort · 4 yrs held
World Class Academy Okeechobee Nort
since 2022
Last sale
$800,000
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
$765,000
ML approach
$765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,295,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$695,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$685,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$540,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$785k
Range $707k – $864k · ±10% · vs last sale $800k (May 18 2022)
Last sale anchor
$800k
May 18 2022
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
$157 / 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
$2,110
Tax year 2023
Assessed value
$552,746
Assessed 2023
Previous assessed
$506,230
+9.2% YoY
Effective rate
0.38%
On assessed value
Assessed land
$140,000
Assessed improvement
$412,746
Land market value
$140,000
Improvement market value
$412,746
Total market value
$552,746
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Bathrooms
6
Total area
5,000 SF
Lot
1.84 ac (79,976 SF)
APN
1-07-37-35-0A00-00028-0000
UPID
US18-0987188
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
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$695,000
MEDICAL BUILDING
Est. value
$685,000
AUTO REPAIR, GARAGE
Est. value
$540,000
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Bathrooms
6
Lot
1.84 ac
Current owner
From public records · entity-resolved
World Class Academy Okeechobee Nort
Individual
Mailing address
19895 PRINCEWOOD DR, JUPITER, FL 33458-1870
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2022
—
World Class Academy Okeechobee Nort
—
Deed
related
$4,200,000 · The Bancorp Bank
May 18, 2022
$800,000
World Class Academy Okeechobee Nort
Stepping Stones Academy II INC
Warranty Deed
$420,000 · The Bancorp Bank
May 18, 2022
—
World Class Academy Okeechobee Nort
—
Deed
related
$150,000 · Blue Ridge Bank
Dec 22, 2005
—
Stepping Stones Academy II INC
Schools Depot INC
Quit Claim Deed
related
$633,000 · Blx Capital LLC
Jun 1, 2004
$225,000
Schools Depot INC
Jesmel INC
Warranty Deed
$285,511 · First Peoples Bank
Nov 20, 2001
—
Jesmel INC
—
Trustees Deed
related
$138,250 · Fidelity Federal Bank & Trust
Jun 28, 2001
$110,000
Jesmel INC
Blair,terry D
Grant Deed
—
Feb 14, 1997
$20,000
Echols & Close Partnership
Blair,dwayne
Trustees Deed
—
Feb 14, 1997
$85,000
Blair,dwayne
Fannin,henry W & Betty
Trustees Deed
—
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.
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