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Property profile & analytics
OFF-MARKET Estimated value $1,525,000
Retail space

512 Park St Okeechobee, FL 34972-4151

10,592 SF 0.49 ac lot Built 1959
Entity Owned 1-yr Hold Free & Clear
Property ID
US18-3818006
Property summary
AI-generated overview

This exceptional Okeechobee, Florida property offers a combined 15,560 square feet of retail and industrial space, presenting a unique investment opportunity. The property comprises two buildings situated on a 1.79-acre lot at 512 & 513 NW Park St, in the heart of downtown Okeechobee. One building, a 10,592 square foot free-standing structure, renovated in 1990, is ideally suited for retail use. It benefits from approximately 150 feet of frontage on NW Park Street, a major thoroughfare with an estimated 22,500 vehicles passing daily, ensuring high visibility. The second building, a 4,968 square foot warehouse, provides ample space for industrial operations or storage. The entire property boasts 14 parking spaces and is served by readily available power. Built in 1959, this single-tenant property is zoned for retail and industrial uses, offering flexibility for a variety of businesses. The property's location in downtown Okeechobee provides easy access to local amenities and a strong customer base. The property's APN numbers are 31537350010015900070 and 31537350010015900030, located in Okeechobee County, Florida, zip code 34972. This is a rare opportunity to acquire a well-located, versatile property with significant potential for growth and return on investment. The property is a single-story building.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1959
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 10,592 SF
Lot 0.49 ac (21,257 SF)
APN 3-15-37-35-0010-01590-0070
UPID US18-3818006
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
  • Badcock Home Furniture &more Home Appliance Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.55M
CAP Approach CAP
by Request
Comparable Approach Comparable
$958k
Blend (final) Blend
$1.53M
Owner & transaction history
Okeechobee Retail Ventures LLC · 1 yrs held
Okeechobee Retail Ventures LLC
since 2025
Last sale
$1.6M
6 recorded transactions
2025
Price N/A
2025
$1.6M
2022
$1.3M
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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