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Property profile & analytics
OFF-MARKET
Estimated value
$8,350,000
Assisted living facilities
608 2nd Ave Okeechobee, FL 34972-2622
Entity Owned
1-yr Hold
Free & Clear
Property ID
US19-0614948
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,411 SF
Lot
0.64 ac (27,965 SF)
APN
3-15-37-35-0010-00780-0050
UPID
US19-0614948
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
-
Ember Recovery Center Medical Clinic
-
Shilpa Tarugu Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.35M
Owner & transaction history
Black Knight 24 LLC · 1 yrs held
Black Knight 24 LLC
since 2024
Last sale
$8.4M
7 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
Method
Estimation
Statistic approach
$8,350,000
ML approach
$8,350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.35M
Range $7.52M – $9.19M · ±10% · vs last sale $8.35M (Sep 23 2024)
Last sale anchor
$8.35M
Sep 23 2024
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
$1,543 / 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
$26,411
Tax year 2023
Assessed value
$1,292,200
Assessed 2023
Previous assessed
$1,292,200
+0.0% YoY
Effective rate
2.04%
On assessed value
Assessed land
$63,000
Assessed improvement
$1,229,200
Land market value
$63,000
Improvement market value
$1,229,200
Total market value
$1,292,200
Applied tax rate
50.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
16
Total area
5,411 SF
Lot
0.64 ac (27,965 SF)
APN
3-15-37-35-0010-00780-0050
UPID
US19-0614948
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
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
16
Lot
0.64 ac
Current owner
From public records · entity-resolved
Black Knight 24 LLC
Entity
Free & Clear · 1 yrs held
Mailing address
902 CARNEGIE CTR STE #520, PRINCETON, NJ 08540-6531
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2024
$8,350,000
Black Knight 24 LLC
608 Okeechobee LLC
Special Warranty Deed
—
Dec 27, 2021
$4,995,000
608 Okeechobee LLC
Klm Medical Investment Group LLC
Special Warranty Deed
$3,477,500 · Fuse 10 LLC
Aug 21, 2020
—
Klm Medical Invs Grp LLC
—
Deed
related
$3,129,000 · First Horizon Bk
Apr 3, 2020
—
Mac Group Holdings LLC
—
Deed
related
$8,100,000 · First Horizon Bk
Jun 15, 2017
$1,900,000
Klm Medical Investment Group L
Amsa Holdings LLC +
Warranty Deed
$3,230,000 · Center St Bk/fl NA
Feb 8, 2010
$28,400
Amsa Holdings LLC
Owner Name Unavailable
Quit Claim Deed
related
—
Nov 17, 2009
—
Amsa Holdings LLC
Amsa Holdings LLC
Quit Claim Deed
related
—
Feb 22, 2007
$160,000
Amsa Holdings LLC
Welder,william S
Warranty Deed
$160,000 · Gulfstream Business Bank
—
—
Amsa Holdings LLC
—
Deed Of Trust
related
$120,000 · Centerstate Bk/fl
—
—
Mac Group Holdings LLC
—
Deed Of Trust
related
$8,100,000 · First Horizon Bk
—
—
Klm Medical Invs Grp LLC
—
Loan Modification
related
$3,129,000 · First Horizon Bk
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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