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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Bars & Pubs
700 Parrott Ave, Okeechobee, FL 34974-5138
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-2816029
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1996
Construction
WOOD
Total area
5,624 SF
Lot
1.34 ac (58,588 SF)
APN
3-21-37-35-0040-00010-0010
UPID
US18-2816029
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
-
Golden Corral Buffet & Grill Restaurant Buffet
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$485k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$798k
Blend (final)
Blend
$640k
Owner & transaction history
Hckb Holdings LLC · 6 yrs held
Hckb Holdings LLC
since 2019
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$840,000
+45.3%
Medical building
$790,000
+36.8%
Auto repair, garage
$700,000
+21.4%
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
by Request
ML approach
$485,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NIGHTCLUB (COCKTAIL LOUNGE)
$580,000
Current use
COMMERCIAL (GENERAL)
$840,000
Change: +45% · Conversion: Difficult
MEDICAL BUILDING
$790,000
Change: +37% · Conversion: Difficult
AUTO REPAIR, GARAGE
$700,000
Change: +21% · Conversion: Difficult
WAREHOUSE, STORAGE
$665,000
Change: +15% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$660,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$640k
Range $576k – $704k · ±10%
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
$114 / 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
$18,445
Tax year 2023
Assessed value
$968,120
Assessed 2023
Previous assessed
$785,328
+23.3% YoY
Effective rate
1.91%
On assessed value
Assessed land
$452,879
Assessed improvement
$515,241
Land market value
$452,879
Improvement market value
$515,241
Total market value
$968,120
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1996
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
2
Total area
5,624 SF
Lot
1.34 ac (58,588 SF)
APN
3-21-37-35-0040-00010-0010
UPID
US18-2816029
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
Alternative use value scenarios
Repositioning upside vs current use
NIGHTCLUB (COCKTAIL LOUNGE) Current
Est. value
$580,000
COMMERCIAL (GENERAL)
Est. value
$840,000
MEDICAL BUILDING
Est. value
$790,000
AUTO REPAIR, GARAGE
Est. value
$700,000
WAREHOUSE, STORAGE
Est. value
$665,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$660,000
NIGHTCLUB (COCKTAIL LOUNGE) Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
1.34 ac
Current owner
From public records · entity-resolved
Hckb Holdings LLC
Entity
Mailing address
5400 US HWY 192, MELBOURNE, FL 32904-9728
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2019
$3,025,000
Hckb Holdings LLC
Steel City Corral Prop LLC
Grant Deed
$2,480,000 · Florida Busn Bk
Mar 8, 2019
—
Steel City Corral Prop LLC
—
Deed
related
$1,787,716 · Cache Vly Bk
Oct 8, 2018
$1,500,000
Steel City Corral Properties LLC
Golden Lion Mid Florida LLC
Warranty Deed
$1,684,000 · Cache Valley Bank
Jan 4, 2013
$525,000
Golden Lion Mid Florida LLC
Fla Steak Co
Warranty Deed
$444,326 · Harbor Community Bank
—
—
Steel City Corral Prop LLC
—
Loan Modification
related
$1,787,716 · Cache Vly 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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