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Property profile & analytics
OFF-MARKET Estimated value $815,000
Warehouses

5351 16th Ave Okeechobee, FL 34974-6001

5,485 SF 2.58 ac lot Built 2007
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US18-5467120
Property summary
AI-generated overview

This exceptional investment opportunity presents a 2.58-acre mixed-use property located at 5351 SW 16th Avenue SW, Okeechobee, FL, priced at $1,595,000. The property boasts a secure design, featuring 12x12 drive-thru doors ideal for secure inventory management and equipment servicing. A high-security fence, reinforced with barbed wire, encircles the entire lot, ensuring optimal protection. The building is in very good condition and ready for immediate occupancy. The property benefits from light commercial zoning within a planned resort area, offering significant future development potential. Internal features include a second-floor area with private offices, a meeting room, and a mezzanine accessible via a private entry. A comprehensive security system is in place for added peace of mind. The drive-thru service area is further enhanced by protective reinforced concrete stanchions. The building is equipped with air conditioning. This property represents a rare combination of security, functionality, and location, making it an attractive investment for a variety of commercial uses. The substantial lot size and existing infrastructure provide ample opportunity for expansion or adaptation to suit specific business needs.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2007
Construction STEEL FRAME
Total area 5,485 SF
Lot 2.58 ac (112,210 SF)
APN 1-05-38-35-0A00-00026-0000
UPID US18-5467120
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
  • P.F. Farm 8183 LLC Agricultural Supply Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.04M
CAP Approach CAP
by Request
Comparable Approach Comparable
$531k
Blend (final) Blend
$815k
Owner & transaction history
Two Brothers Affordable Mgmt Group · 4 yrs held
Two Brothers Affordable Mgmt Group
since 2021
Last sale
$825,000
5 recorded transactions
2023
Price N/A
2021
$825,000
2008
$15,000
2004
$225,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $715,000 +21.1%
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