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Property profile & analytics
OFF-MARKET
Refrigerated & Cold Storage
5980 240th St Okeechobee, FL 34972-7017
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-1250706
Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Year built
2009
Construction
STEEL FRAME
Total area
3,468 SF
Lot
279 ac (12,153,240 SF)
APN
1-01-35-34-0A00-00002-0000
UPID
US18-1250706
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
-
Stout's Valley Farm Agricultural Service
-
TT Farms Food Processing Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Steven P Bandi · 3 yrs held
Steven P Bandi
since 2022
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,121
Tax year 2023
Assessed value
$655,264
Assessed 2023
Previous assessed
$655,264
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$268,496
Assessed improvement
$386,768
Land market value
$1,237,942
Improvement market value
$386,768
Total market value
$1,624,710
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
Refrigerated & Cold Storage
Use group
COLD STORAGE
Status
Off-Market
Year built
2009
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Units
1
Bathrooms
3
Total area
3,468 SF
Lot
279 ac (12,153,240 SF)
APN
1-01-35-34-0A00-00002-0000
UPID
US18-1250706
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
Building & site characteristics
From public records
Year built
2009
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Units
1
Bathrooms
3
Lot
279 ac
Current owner
From public records · entity-resolved
Steven P Bandi
Individual
Free & Clear · 3 yrs held
Mailing address
611 SW 10TH AVE, OKEECHOBEE, FL 34974-4033
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Dec 30, 2022
—
Steven P Bandi
Stouts Valley Land LLC
Warranty Deed
—
Dec 16, 2019
$1,650,000
Stouts Valley Land LLC
Smith Potato Farm LLC
Warranty Deed
$1,575,000 · Smith Potato Farm LLC
Dec 31, 2015
$1,470,000
Smith Potato Farm LLC
Tbz Farms LLC
Warranty Deed
—
Nov 28, 2007
—
Robertson S L & L S Trust
Robertson,stanford L & Lorraine S
Quit Claim Deed
related
—
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.
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