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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Office Spaces
280 32nd St Okeechobee, FL 34974-5918
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-3118572
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,924 SF
Lot
0.99 ac (43,124 SF)
APN
1-33-37-35-0A00-00002-H000
UPID
US18-3118572
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
Current use
Occupant on record · Public records
-
Big Lake Chiropractic Alternative Medicine Practice
-
Platt John K DC Alternative Medicine Practice
-
Roger Walker Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$536k
Blend (final)
Blend
$560k
Owner & transaction history
John Kevin Platt · 2 yrs held
John Kevin Platt
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$640,000
+33.9%
Warehouse, storage
$530,000
+10.6%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$480,000
Current use
RETAIL STORES
$640,000
Change: +34% · Conversion: Easy
WAREHOUSE, STORAGE
$530,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$114 / 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
$6,861
Tax year 2023
Assessed value
$453,690
Assessed 2023
Previous assessed
$333,786
+35.9% YoY
Effective rate
1.51%
On assessed value
Assessed land
$155,376
Assessed improvement
$298,314
Land market value
$155,376
Improvement market value
$298,314
Total market value
$453,690
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Bathrooms
2
Total area
4,924 SF
Lot
0.99 ac (43,124 SF)
APN
1-33-37-35-0A00-00002-H000
UPID
US18-3118572
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
COMMERCIAL (GENERAL) Current
Est. value
$480,000
RETAIL STORES
Est. value
$640,000
WAREHOUSE, STORAGE
Est. value
$530,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
WAREHOUSE, STORAGE
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
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Bathrooms
2
Lot
0.99 ac
Current owner
From public records · entity-resolved
John Kevin Platt
Individual
Mailing address
280 SW 32ND ST, OKEECHOBEE, FL 34974-5918
Ownership since
2024
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
May 20, 2024
—
John Kevin Platt
John Kevin Platt
Correction Deed
related
—
Aug 5, 2022
—
John Kevin Platt
John Kevin Platt
Intrafamily Transfer
related
—
Oct 18, 2000
$416,800
John K Platt
Platt Chiropractic Clinic Pa
Grant Deed
related
—
Jul 25, 2000
$60,000
C F Physical Therapy INC
Platt Chiropractic Clinic P A
Grant Deed
$48,000 · Big Lake National Bank
Nov 12, 1998
—
Platt Chiropractic Clinic Pa
—
Grant Deed
related
$425,328 · Big Lake National Bank
Jan 21, 1998
$135,000
Platt Chiropractic Clinic
Smith,john R
Grant Deed
$135,000 · Big Lake National Bank
—
—
John K Platt
—
Deed Of Trust
related
$292,920 · Harbor Fsb
—
—
C F Physical Therapy INC
—
Deed Of Trust
related
$38,416 · Big Lake National 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.
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