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    Property profile & analytics

    870 Hickpochee Ave Labelle, FL 33935

    • Strip malls
    • 19,297 SF
    • 3.35 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-9500241
    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

    • Alyssa Keating, OD, FAAO - LaBelle / Optician / Contact Lenses Supplier
    • Saddle-Up Arcade / Video Arcade
    • Bengston Family Practice / Nurse Practitioner
    • New Beginnings ABA Services LLC / Mental Health Service
    • Carmen Wilson / Ophthalmologist

    Property Details for 870 Hickpochee Ave

    Year built
    2007
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.35 lot acres
    Property size
    19,297 SF
    Zone code
    LB-B-2
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    2 29 43 02 300 0000-002.0
    APU
    229430230000000020

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $720,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Labelle
    County
    Hendry
    State
    Florida
    Longitude
    -81.4529
    Latitude
    26.7591
    CBSA code
    17500
    CBSA name
    CLEWISTON, 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
    $29,688
    $606,463
    $876,661
    $1,483,124
    -
    $606,463
    $876,661
    $1,483,124

    Comparable in this City

    • Value Estimation
      $360,000
      8,000 SF

      216 Main St

      SHOPPING CENTER, STRIP CENTER • 8,000 SF
      216 Main St, Labelle, FL 33935-7602
      View Details
    • Value Estimation
      $360,000
      9,006 SF

      825 Cowboy Way

      SHOPPING CENTER, STRIP CENTER • 9,006 SF
      825 Cowboy Way, Labelle, FL 33935-4491
      View Details
    • Value Estimation
      $300,000
      5,192 SF

      413 Hickpochee Ave

      SHOPPING CENTER, STRIP CENTER • 5,192 SF
      413 Hickpochee Ave, Labelle, FL 33935-4763
      View Details
    • Value Estimation
      $1,880,000
      13,200 SF

      10 Hickpochee Ave

      SHOPPING CENTER, STRIP CENTER • 13,200 SF
      10 Hickpochee Ave, Labelle, FL 33935
      View Details
    • Value Estimation
      $2,415,000
      5,400 SF

      60 Main St

      SHOPPING CENTER, STRIP CENTER • 5,400 SF
      60 Main St, Labelle, FL 33935
      View Details
    • Value Estimation
      $1,470,000
      20,281 SF

      813 Hickpochee Ave

      SHOPPING CENTER, STRIP CENTER • 20,281 SF
      813 Hickpochee Ave, Labelle, FL 33935-5033
      View Details

    Similar Nearby for Sale

    • $2,150,000
      39.18 Acres

      LaBelle Commercial Site For Sale

      Prime commercial land near downtown LaBelle, Florida.
      1507 County Road 731, Labelle, FL 33935
      View Details
    • $950,000
      0.51 Acres

      Historic Multi-Use Landmark Building

      Historic 5400 SF building in downtown Labelle with income potential.
      390 N Bridge St, Labelle, FL 33935
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      7,500 SF

      Labelle Retail Building For Sale

      7,500 sq ft retail building on 0.578 acres.
      1060 State Road 29 S, Labelle, FL 33935
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    • $950,000

      Historic Multi-Use Landmark Building

      Landmark building in downtown LaBelle with high visibility location.
      390 Bridge Dr N, State Of Florida, FL 33935
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    • $58,900

      Profitable Business Opportunity For Sale

      Turnkey business generating $48,000+ annual net profit for sale.
      825 E Cowboy Way, Labelle, FL 33935
      View Details
    • $450,000

      Turnkey Convenience Store with Kitchen

      Retail convenience store with commercial kitchen on 0.759 acres.
      Loblolly Bay Rd, Labelle, FL 33935
      View Details
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    870 Hickpochee Ave
    Labelle, FL 33935
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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