Property profile

3274 18th St Okeechobee, FL 34972

OFF-MARKET
Commercial land
Property ID
US18-5348443
1,224 SF 5.21 ac lot Built 1980
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 5.21-acre commercial lot in Okeechobee, Florida, presents a remarkable leasing opportunity. Located at 3274 NW 18th Street, this cleared and developed parcel is ready for immediate use. The property boasts convenient access to major roadways, making it an ideal location for a variety of commercial ventures. Its size and strategic positioning offer significant potential for growth and expansion. Currently offered at a monthly lease rate of $3,000, this represents a compelling investment for businesses seeking a prominent presence in a thriving area. The land is suitable for a range of commercial uses, including, but not limited to, agricultural operations such as farming and nurseries. The property's cleared and developed status eliminates the need for extensive site preparation, allowing for a swift and efficient start to operations. This prime location offers excellent visibility and accessibility, ensuring strong potential for attracting customers and clients. Don't miss this chance to secure a highly desirable commercial property in a rapidly developing area. Contact us today to schedule a viewing and explore the possibilities. The lease is annual.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1980
Total area 1,224 SF
Lot 5.21 ac (226,947 SF)
APN 1-07-37-35-0A00-00046-0000
UPID US18-5348443

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3274 18th St Okeechobee, FL 34972-8892
Okeechobee metro Census 910202 OKEECHOBEE, FL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$380k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$375k

Owner & transaction history

since 2023
Last sale
$395,000
3 recorded transactions
2023
$395,000
2022
$265,000
2004
$170,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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