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    Property profile & analytics

    262 7th St Pahokee, FL 33476-1954

    • Grocery and convenience stores
    • 2,628 SF
    • 0.90 lot acres
    OFF-MARKET
    Last Sale
    Aug 09, 2023
    $350,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0535621
    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

    • MaxiTienda / Department Store

    Property Details for 262 7th St

    Year built
    1973
    Construction
    WOOD
    Lot size
    0.90 lot acres
    Property size
    2,628 SF
    Zone code
    MF18
    Property type
    Grocery and convenience stores
    APN
    48-37-42-19-00-000-1130
    APU
    48374219000001130

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Pahokee
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.6638
    Latitude
    26.8126
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN 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
    $5,867
    $43,032
    $173,698
    $216,730
    -
    $43,032
    $173,698
    $216,730

    Comparable in this City

    • Value Estimation
      $930,000
      4,234 SF

      680 Main St

      CONVENIENCE STORE • 4,234 SF
      680 Main St, Pahokee, FL 33476-1404
      View Details
    • Value Estimation
      $740,000
      3,636 SF

      1474 Muck City Rd

      GROCERY, SUPERMARKET • 3,636 SF
      1474 Muck City Rd, Pahokee, FL 33476-1600
      View Details
    • Value Estimation
      $660,000
      10,136 SF

      181 Rardin Ave

      GROCERY, SUPERMARKET • 10,136 SF
      181 Rardin Ave, Pahokee, FL 33476-2132
      View Details
    • Value Estimation by Request
      1,196 SF

      730 Belle Glade Rd

      CONVENIENCE STORE • 1,196 SF
      730 Belle Glade Rd, Pahokee, FL 33476-1663
      View Details
    • Value Estimation by Request
      1,834 SF

      251 Main St Sta, Unit A

      CONVENIENCE STORE • 1,834 SF
      251 Main St Sta, Pahokee, FL 33476-1807
      View Details
    • Value Estimation
      $3,135,000
      17,200 SF

      594 Main St

      GROCERY, SUPERMARKET • 17,200 SF
      594 Main St, Pahokee, FL 33476-1402
      View Details

    Similar Nearby for Sale

    • $159,000

      Supermarket and Tavern For Sale

      Two buildings: supermarket/offices and tavern/bar for sale.
      1474 Muck City Rd, Pahokee, FL 33476
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    • $350,000
      2,012 SF

      Lake Avenue Restaurant - Pahokee, FL

      Prime Restaurant, 2012 sq ft, $350k
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    • $349,900
      2,012 SF

      Restaurant Opportunity in Prime Location

      Restaurant building and equipment for sale with parking included.
      149 S Lake Ave, Pahokee, FL 33476
      View Details
    • $139,900
      0.75 Acres

      Residential Land Near Lake Okeechobee

      Land with mature trees near Lake Okeechobee, perfect for building.
      1697 E Main St, Pahokee, FL 33476
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    • Contact for pricing

      Vacant Land Available For Sale

      Vacant land available for sale.
      W Martin Luther King Jr Blvd, Pahokee, FL 33476
      View Details
    • $199,000

      Land For Sale

      Land available for sale.
      176 Bacom Point Rd, Pahokee, FL 33476
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo
      1,008 SF

      Versatile Space in Pahokee, FL

      Adaptable 1,000 sq ft space for office, retail, or industrial.
      407 S Barfield Hwy, Pahokee, FL 33476
      View Details
    • $1,900 /Mo
      13,965 SF

      Pahokee Medical/Professional Office Space

      Move-in ready medical/professional office space in Pahokee, Florida.
      170 S Barfield Hwy, Pahokee, FL 33476
      View Details
    • $995 /Mo

      Charming Villa with Fenced Yard

      Move-in ready 2 bed, 1 bath villa with modern updates.
      258 Adams Pl, Pahokee, FL 33476
      View Details
    • $800 /Mo

      Refreshed Apartment in Quiet Neighborhood

      Recently renovated apartment with reasonable rent in a community-focused setting.
      354 Rardin Ave, Pahokee, FL 33476
      View Details
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    Pahokee, FL 33476-1954
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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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