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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Bars & Pubs
4701 Us Hwy 441st SE Okeechobee, FL 34974-2300
Entity Owned
6-yr Hold
Free & Clear
Property ID
US18-2816124
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,445 SF
Lot
16.86 ac (734,552 SF)
APN
1-36-37-35-0A00-00024-0000
UPID
US18-2816124
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$605k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$527k
Blend (final)
Blend
$655k
Owner & transaction history
Cypress Hut Rv Park LLC · 6 yrs held
Cypress Hut Rv Park LLC
since 2020
Last sale
$513,370
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$515,000
+45.3%
Medical building
$485,000
+36.8%
Auto repair, garage
$430,000
+21.4%
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
$655,000
ML approach
$605,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NIGHTCLUB (COCKTAIL LOUNGE)
$355,000
Current use
COMMERCIAL (GENERAL)
$515,000
Change: +45% · Conversion: Difficult
MEDICAL BUILDING
$485,000
Change: +37% · Conversion: Difficult
AUTO REPAIR, GARAGE
$430,000
Change: +21% · Conversion: Difficult
WAREHOUSE, STORAGE
$405,000
Change: +15% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$405,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$655k
Range $590k – $721k · ±10% · vs last sale $513k (Jan 3 2020)
Last sale anchor
$513k
Jan 3 2020
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
$190 / 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
$14,808
Tax year 2023
Assessed value
$981,551
Assessed 2023
Previous assessed
$805,677
+21.8% YoY
Effective rate
1.51%
On assessed value
Assessed land
$792,032
Assessed improvement
$189,519
Land market value
$792,032
Improvement market value
$189,519
Total market value
$981,551
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Units
1
Bathrooms
2
Total area
3,445 SF
Lot
16.86 ac (734,552 SF)
APN
1-36-37-35-0A00-00024-0000
UPID
US18-2816124
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
NIGHTCLUB (COCKTAIL LOUNGE) Current
Est. value
$355,000
COMMERCIAL (GENERAL)
Est. value
$515,000
MEDICAL BUILDING
Est. value
$485,000
AUTO REPAIR, GARAGE
Est. value
$430,000
WAREHOUSE, STORAGE
Est. value
$405,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$405,000
NIGHTCLUB (COCKTAIL LOUNGE) Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Buildings
2
Units
1
Bathrooms
2
Lot
16.86 ac
Current owner
From public records · entity-resolved
Cypress Hut Rv Park LLC
Entity
Free & Clear · 6 yrs held
Mailing address
4701 US HWY 441ST SE, OKEECHOBEE, FL 34974-2300
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2020
—
Cypress Hut Rv Park LLC
Chester Edwards
Quit Claim Deed
related
—
Nov 2, 2012
$513,370
Chester Edwards
Cypress Hut INC
Grant Deed
—
—
—
Cypress Hut INC
—
Deed Of Trust
related
$178,850 · Chester Edwards
—
—
Cypress Hut INC
—
Deed Of Trust
related
$246,962 · Chester Edwards
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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