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Property profile & analytics
OFF-MARKET
Bars & Pubs
301 Parrott Ave, Okeechobee, FL 34972-2917
Entity Owned
~
Est. High Equity
Property ID
US18-4258359
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
2006
Construction
STEEL FRAME
Total area
2,770 SF
Lot
1.75 ac (76,360 SF)
APN
3-15-37-35-0010-01230-0050
UPID
US18-4258359
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
-
Tin Fish Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Close Property Group LLC
Close Property Group LLC
since 2025
Last sale
$990,000
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$20,900
Tax year 2023
Assessed value
$1,031,533
Assessed 2023
Previous assessed
$882,870
+16.8% YoY
Effective rate
2.03%
On assessed value
Assessed land
$443,538
Assessed improvement
$587,995
Land market value
$443,538
Improvement market value
$587,995
Total market value
$1,031,533
Applied tax rate
50.0000
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
2006
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Bathrooms
3
Total area
2,770 SF
Lot
1.75 ac (76,360 SF)
APN
3-15-37-35-0010-01230-0050
UPID
US18-4258359
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
2006
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Bathrooms
3
Lot
1.75 ac
Current owner
From public records · entity-resolved
Close Property Group LLC
Entity
Mailing address
305 NW 4TH AVE, OKEECHOBEE, FL 34972-2552
Ownership since
2025
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
Sep 19, 2025
$990,000
Close Property Group LLC
Cbc Properties LLC
Warranty Deed
$990,000 · Marine Bank & Trust Company
Sep 7, 2022
—
Cbc Properties LLC
—
Deed
related
$350,000 · Marine Bank & Trust Company
Jul 6, 2017
$28,716
Tlc 12llc
Cbc Properties LLC
Quit Claim Deed
related
—
May 30, 2017
—
Cbc Properties LLC
—
Deed
related
$1,900,000 · Miscellaneous Ins Co
Dec 22, 2016
$486,233
Cbc Properties LLC
Tlc 12 LLC
Quit Claim Deed
related
—
Nov 28, 2016
$486,233
Tlc 12 LLC
Cbc Properties LLC
Quit Claim Deed
related
—
—
—
Cbc Management Corp
—
Deed Of Trust
related
$207,000 · Riverside National Bank
—
—
Cbc Properties LLC
—
Deed Of Trust
related
$1,900,000 · Miscellaneous Ins Co
—
—
Cbc Management Corp
—
Deed Of Trust
related
$993,000 · Riverside 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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