Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    601 Park St Okeechobee, FL 34972-4168

    • Strip malls
    • 13,541 SF
    • 0.49 lot acres
    OFF-MARKET
    Value Estimation
    $445,000
    Location Intelligence
    Property ID
    US18-3161649
    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.

    Current Use by Public Records

    • ABC Fine Wine & Spirits / Gift Shop / Wine Store
    • Serenity Coffee Shop / Coffee Shop / Espresso Bar

    Property Details for 601 Park St

    Year built
    1926
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.49 lot acres
    Property size
    13,541 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    3-15-37-35-0010-01640-0010
    APU
    9223372036854775807

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $430,000

    • CAP approach

      CAP return
      Estimation
      6%
      $445,000
      6.5%
      $485,000
      7%
      $405,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $465,000
      Geo Method
      $490,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $395,000
      Retail
      $535,000
      Mixed-Use
      $475,000
      Hospitality
      $540,000
      Educational
      $475,000
      Residential Income
      $545,000
      Energy
      $430,000
      Income-Based Land
      $515,000
      Food Service
      $530,000

    Location Insight

    • Map
    • Local Demand
    City
    Okeechobee
    County
    Okeechobee
    State
    Florida
    Longitude
    -80.836
    Latitude
    27.2428
    CBSA code
    36380
    CBSA name
    OKEECHOBEE, FL MICROPOLITAN STATISTICAL AREA

    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
    $15,543
    $181,050
    $568,482
    $749,532
    -
    $181,050
    $568,482
    $749,532

    Comparable in this City

    • Value Estimation
      $250,000
      5,300 SF

      109 7th Ave

      SHOPPING CENTER, STRIP CENTER • 5,300 SF
      109 7th Ave, Okeechobee, FL 34972-4111
      View Details
    • Value Estimation
      $1,660,000
      3,300 SF

      3007 State Rd 70th E

      SHOPPING CENTER, STRIP CENTER • 3,300 SF
      3007 State Rd 70th E, Okeechobee, FL 34972-3454
      View Details
    • Value Estimation
      $240,000
      9,798 SF

      117 Park St

      SHOPPING CENTER, STRIP CENTER • 9,798 SF
      117 Park St, Okeechobee, FL 34972-4158
      View Details
    • Value Estimation
      $285,000
      2,181 SF

      405 Park St

      SHOPPING CENTER, STRIP CENTER • 2,181 SF
      405 Park St, Okeechobee, FL 34972-4164
      View Details
    • Value Estimation
      $365,000
      5,360 SF

      610 Parrott Ave

      SHOPPING CENTER, STRIP CENTER • 5,360 SF
      610 Parrott Ave, Okeechobee, FL 34972-2646
      View Details
    • Value Estimation
      $225,000
      4,375 SF

      1500 State Rd 70th E

      SHOPPING CENTER, STRIP CENTER • 4,375 SF
      1500 State Rd 70th E, Okeechobee, FL 34972-3271
      View Details

    Similar Nearby for Sale

    • $2,765,000
      3,086 SF

      NNN Leased Retail Building

      Freestanding NNN leased retail building with approximately 12 years remaining.
      502 NE Park St, Okeechobee, FL 34972
      View Details
    • $699,000

      Highway Frontage Motel and Parking

      Motel, storage, and parking near Highway 70.
      104 NE 6Th Ave, Okeechobee, FL 34972
      View Details
    • $299,000
      0.47 Acres

      Okeechobee Commercial Property For Sale

      Commercial property in Okeechobee, Florida, with highway frontage.
      805 N Parrott Ave, Okeechobee, FL 34972
      View Details
    • $1,750,000
      15,560 SF

      Okeechobee Retail & Industrial

      Downtown Okeechobee investment opportunity.
      512 Park St, Okeechobee, FL 34972
      View Details
    • $400,000

      Highway 70 Versatile Investment Property

      Grandfathered residential property on HWY 70, suitable for commercial ventures.
      2130 State Road 70, Okeechobee, FL 34972
      View Details
    • $45,000

      Free-Standing Commercial Building on 1,886

      Commercial building on 1,886 sq. ft. lot for sale.
      701 NE 14Th Ave, Okeechobee, FL 34972
      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 34972
      View Details
    • $23 SF/Yr
      52,000 SF

      Raulerson Medical Office Suites

      Modern Medical Office Space Available
      1796 Us-441, Okeechobee, FL 34972
      View Details
    • $19 SF/Yr
      3,442 SF

      Okeechobee Office Space Available

      Office space available for lease in Okeechobee, Florida.
      208 SE Park St, Okeechobee, FL 34972
      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.
    601 Park St
    Okeechobee, FL 34972-4168
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.