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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    265 State Road 78 Moore Haven, FL 33471

    • Commercial real estate
    • 2,164 SF
    For Sale
    View listing
    $349,900
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3917948
    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

    • Commercial real estate

    Property Details for 265 State Road 78

    Year built
    1974
    Property size
    2,164 SF
    Property type
    Commercial real estate

    Description

    This unique 2,164 square foot property in Moore Haven, Florida, presents a remarkable investment opportunity. Located at 265 State Rd 78, this special purpose property sits on a serene inland lake, offering quick access to the renowned fishing grounds of Lake Okeechobee. The property comprises four parcels, with a fifth available upon purchase, effectively creating a double lot. Currently featuring a 1974-built manufactured home, the property allows for diverse development options. Buyers can choose to renovate the existing structure, potentially incorporating concrete block construction, or opt for demolition and new construction. A charming pavilion is also present, offering potential for restoration and outdoor enjoyment. The property's proximity to the upcoming Brighton Casino hotel further enhances its investment appeal, presenting opportunities for creating a dream lakefront estate, a family-friendly community, or a tranquil fishing retreat. The asking price is $349,900. The property's location is in Glades County, Florida, zip code 33471. The lot size is not specified.

    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
    Moore Haven
    County
    Glades
    State
    Florida
    Longitude
    -81.0825004
    Latitude
    26.992841

    Comparable in this City

    • $250,000
      0.35 Acres

      Waterfront Land in Moore Haven

      Waterfront property near Caloosahatchee River with Gulf and Atlantic access.
      1106 E Anchor Ln, Moore Haven, FL 33471
      View Details
    • $3,300,000
      12,474 SF

      Highway Frontage Commercial Buildings on Acres

      Two commercial buildings on 7 acres with highway frontage.
      24068 Us Hwy 27 Hwy, Moore Haven, FL 33471
      View Details
    • $144,900
      0.79 Acres

      Waterfront Lot on Caloosahatchee Canal

      0.79-acre waterfront residential lot in Moore Haven, Florida.
      2245 Riverside Dr, Moore Haven, FL 33471
      View Details
    • Contact for pricing
      0.17 Acres

      Residential Land in Moore Haven

      Vacant lot suitable for duplex or single-family home construction.
      Elderberry Ave NW, Moore Haven, FL 33471
      View Details
    • $34,000
      0.30 Acres

      Land with Mobile Home Permits

      Land in Moore Haven, FL, with mobile home installation permits.
      214 Orchard Ave NW, Moore Haven, FL 33471
      View Details
    • Contact for pricing
      0.13 Acres

      Residential Land in Moore Haven

      Land for sale in Glades County, near Lake Okeechobee.
      820 Thatcher Blvd, Moore Haven, FL 33471
      View Details

    Similar Nearby for Sale

    • $3,300,000
      12,474 SF

      Highway Frontage Commercial Buildings on Acres

      Two commercial buildings on 7 acres with highway frontage.
      24068 Us Hwy 27 Hwy, Moore Haven, FL 33471
      View Details
    • $250,000
      0.35 Acres

      Waterfront Land in Moore Haven

      Waterfront property near Caloosahatchee River with Gulf and Atlantic access.
      1106 E Anchor Ln, Moore Haven, FL 33471
      View Details
    • $144,900
      0.79 Acres

      Waterfront Lot on Caloosahatchee Canal

      0.79-acre waterfront residential lot in Moore Haven, Florida.
      2245 Riverside Dr, Moore Haven, FL 33471
      View Details
    • Contact for pricing
      0.17 Acres

      Residential Land in Moore Haven

      Vacant lot suitable for duplex or single-family home construction.
      Elderberry Ave NW, Moore Haven, FL 33471
      View Details
    • $34,000
      0.30 Acres

      Land with Mobile Home Permits

      Land in Moore Haven, FL, with mobile home installation permits.
      214 Orchard Ave NW, Moore Haven, FL 33471
      View Details
    • Contact for pricing
      0.13 Acres

      Residential Land in Moore Haven

      Land for sale in Glades County, near Lake Okeechobee.
      820 Thatcher Blvd, Moore Haven, FL 33471
      View Details
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    265 State Road 78
    Moore Haven, FL 33471
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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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