Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3526 196th Ter Okeechobee, FL 34974-8615
    Back to Search
    Property profile & analytics

    3526 196th Ter, Okeechobee, FL 34974-8615

    View on Map
    • Warehouses
    • 4,000 SF
    • 161.67 lot acres
    Off-Market
    Last Sale Nov 16, 2023
    $450,000
    Property ID
    US18-2653821
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 3526 196th Ter

    Year built
    1977
    Lot size
    161.67 lot acres
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    A16-38-33-A00-0020-0000
    APU
    A163833A0000200000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 16, 2023 $450,000 Roberto Rodriguez William Shane Brumley Warranty Deed —
    Jun 8, 2022 — William Shane Brumley Jessie Marie Brumley Intrafamily Transfer · related —
    Jul 9, 2018 $400,000 Double R Ranch Of Okeechobee L Brumley,charles W JR & Carolyn Warranty Deed $300k · Charles W JR Brumley
    Dec 31, 2012 — Freida Wise-dennis Brumley,charles W JR & Carolyn B Quit Claim Deed · related —
    Jan 7, 2005 $1,777,800 Freida W Dennis Kissimmee Oxbow Ranch LLC Warranty Deed · related —
    Jun 22, 2004 $1,546,200 Francisco Rodriguez Santa Rosa Ranch INC Warranty Deed $1.2M · First Community Bank Palm Beac

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Okeechobee
    County
    Glades
    State
    Florida
    Longitude
    -81.0321
    Latitude
    27.1798

    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
    $8,880
    $88,835
    $412,648
    $501,483
    -
    $0.00
    $0.00
    $1,567,780

    Comparable in this City

    • Value Estimation by Request
      5,080 SF

      25727 State Rd 78

      MINI-WAREHOUSE, STORAGE
      25727 State Rd 78, Okeechobee, FL 34974-0473
      View Details
    • Value Estimation
      $1,030,000
      19,520 SF

      4619 Us Hwy 441st SE

      MINI-WAREHOUSE, STORAGE
      4619 Us Hwy 441st SE, Okeechobee, FL 34974-2326
      View Details
    • Value Estimation
      $1,385,000
      7,350 SF

      3050 3rd Ter

      MINI-WAREHOUSE, STORAGE
      3050 3rd Ter, Okeechobee, FL 34974-5915
      View Details
    • Value Estimation by Request
      1,290 SF

      150 Fulmar Ter

      MINI-WAREHOUSE, STORAGE
      150 Fulmar Ter, Okeechobee, FL 34974-0331
      View Details
    • Value Estimation
      $1,455,000
      7,700 SF

      2199 Hunter Rd

      MINI-WAREHOUSE, STORAGE
      2199 Hunter Rd, Okeechobee, FL 34974-0265
      View Details
    • Value Estimation by Request
      2,000 SF

      4129 Us Hwy 441st S

      MINI-WAREHOUSE, STORAGE
      4129 Us Hwy 441st S, Okeechobee, FL 34974-6219
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Okeechobee Mixed-Use Property For Sale

      Mixed-use property with secure drive-thru doors and high-security fencing.
      5351 SW 16Th Ave SW, Okeechobee, FL 34974
      View Details
    • $1,895,000
      11,000 SF

      Versatile Commercial Property on US Highway

      Heavy commercial property with frontage, visibility, and functionality.
      5271 Us Highway 441 SE, Okeechobee, FL 34974
      View Details
    • $650,000
      3,424 SF

      Renovated Commercial Warehouse in Okeechobee

      Fully renovated 3,424 SF commercial warehouse in central Okeechobee.
      1113 SW Park St, Okeechobee, FL 34974
      View Details
    • Contact for pricing

      Renovated Commercial Warehouse with Bays

      Renovated 3,424 SF warehouse with bays in Okeechobee.
      1113 SW Park St, Okeechobee, FL 34974
      View Details
    • $149,900
      0.40 Acres

      Okeechobee Vacant Land with Access

      Vacant land with canal access to Lake Okeechobee.
      Tbd Hunter Rd, Okeechobee, FL 34974
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      30,660 SF

      Retail/Industrial/Flex Space Available

      Retail, industrial, or flex space with high street visibility.
      3601 Us Highway 441 S, Okeechobee, FL 34974
      View Details
    • Contact for pricing
      1,400 SF

      Retail Outparcel to Walmart Supercenter

      Retail space available in Okeechobee, adjacent to national retailers.
      2105 S Parrott Ave, Okeechobee, FL 34974
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Premier Center

      Retail space available in Okeechobee's premier shopping center.
      3371-3559 Us Highway 441 S, Okeechobee, FL 34974
      View Details
    • Contact for pricing
      2,142 SF

      Waterfront Restaurant/Bar in Okeechobee

      Waterfront restaurant/bar catering to tourists and locals.
      2200 Us Highway 441 SE, Okeechobee, FL 34974
      View Details
    • Contact for pricing
      3,442 SF

      Okeechobee Office Space Available

      Office space available for lease in Okeechobee, Florida.
      208 SE Park St, Okeechobee, FL 34974
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3526 196th Ter
    Okeechobee, FL 34974-8615
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3526 196th Ter, Okeechobee, FL, 34974
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!