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870 Hickpochee Ave Labelle, FL 33935-4313

OFF-MARKET Strip malls Google Maps
19,297 SF 3.35 ac lot Built 2007
Entity Owned 9-yr Hold Free & Clear
Estimated value (blended)
$720k
Range $648k – $792k (±10%)
Property ID US18-9500241

Property summary

AI-generated overview

This exceptional commercial property, located at 870 W Hickpochee Ave in LaBelle, Florida, offers a rare opportunity to secure space in a thriving multi-tenant building. The meticulously maintained 20,000+ square foot building boasts a desirable location in the heart of LaBelle, ensuring high visibility and accessibility. The property sits on a generous 3.36-acre lot, providing ample parking for tenants and their clients. Monument signage is available, offering excellent branding opportunities. The current tenant mix includes a diverse range of established businesses, including Domino's Pizza, RE/MAX, Florida Hometown Title, Edward Jones, Two Peas CafГ©, and Farm Credit of Florida, creating a vibrant and successful commercial environment. Currently available is Suite 300-400, encompassing approximately 3,188 rentable square feet. This space is well-suited for a variety of uses, including office, medical, and retail businesses. The lease rate is competitively priced at $12.50 per square foot, plus estimated net, net, net (NNN) charges of $5.15 per square foot. This property presents a compelling investment opportunity for businesses seeking a prominent location in a flourishing community. Don't miss this chance to establish your business in this high-traffic area.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2007
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 19,297 SF
Lot 3.35 ac (145,926 SF)
Zoning code LB-B-2
APN 2 29 43 02 300 0000-002.0
UPID US18-9500241

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Ophthalmologist (Bike/Boat/Book/etc) Store
  • Arcade & Gaming Center (Bike/Boat/Book/etc) Store
  • Physician
  • Crisis Center Medical Clinic
  • Ophthalmologist

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$720k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$720k

Owner & transaction history

since 2016
7 recorded transactions
2019
Price N/A
2016
Price N/A
2013
$930,000
2007
Price N/A
2006
Price N/A
2006
Price N/A
2005
Price N/A

Zoning & alternative use

LB-B-2 · Labelle, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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