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Property profile & analytics
OFF-MARKET
Refrigerated & Cold Storage
9225 240th St Okeechobee, FL 34972-7025
Entity Owned
8-yr Hold
Free & Clear
Property ID
US18-4586826
Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Year built
1995
Construction
STEEL FRAME
Total area
5,200 SF
Lot
24.55 ac (1,069,398 SF)
APN
1-34-34-34-0A00-00001-0000
UPID
US18-4586826
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
-
Eagle Island Farms Food Processing Plant
-
Cabbage Florida LLC Food Market Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Parrot Avenue Okeechobee LLC · 8 yrs held
Parrot Avenue Okeechobee LLC
since 2018
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$21,436
Tax year 2023
Assessed value
$1,540,075
Assessed 2023
Previous assessed
$1,540,075
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$40,259
Assessed improvement
$1,499,816
Land market value
$122,827
Improvement market value
$1,499,816
Total market value
$1,622,643
Applied tax rate
30.0000
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
Refrigerated & Cold Storage
Use group
COLD STORAGE
Status
Off-Market
Year built
1995
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
8
Total area
5,200 SF
Lot
24.55 ac (1,069,398 SF)
APN
1-34-34-34-0A00-00001-0000
UPID
US18-4586826
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
1995
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
8
Lot
24.55 ac
Current owner
From public records · entity-resolved
Parrot Avenue Okeechobee LLC
Entity
Free & Clear · 8 yrs held
Mailing address
PO BOX 890, VERMILION, OH 44089-0890
Ownership since
2018
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
Jun 15, 2018
$10,156
Parrot Avenue Okeechobee LLC
Cabbage Properties Fl LLC
Grant Deed
—
Aug 11, 2017
$9,700,000
Parrot Avenue Okeechobee LLC
Mack Farms Eagle Island LLC
Trustees Deed
$20,000,000 · Farm Credit Svcs
Aug 11, 2017
—
Parrot Avenue Okeechobee LLC
Mack Farms Eagle Island LLC
Quit Claim Deed
related
—
Aug 8, 2017
—
Cabbage Properties Fl LLC
Mack Farms Eagle Island LLC
Quit Claim Deed
related
—
Aug 8, 2017
$74,000
Mack Farms Eagle Island LLC
Cabbage Properties Fl LLC
Warranty Deed
—
Feb 21, 2017
$790,500
Cabbage Properties Fl LLC
Eagle Island Packing & Cooling
Warranty Deed
—
Jul 28, 2014
$1,700,000
Island Packing Eagle
Hall,joseph S
Grant Deed
—
Jul 28, 2014
$8,243,250
Mack Farms Eagle Island LLC
Hall,joseph S
Trustees Deed
$8,943,250 · Florida Fed'l Land Bk Assn Flc
Jul 28, 2014
—
Joseph S Hall
Wight Robert P JR
Grant Deed
related
—
May 13, 2005
—
Robert & Sara Wight Family
Wight,r P
Quit Claim Deed
—
—
—
Cabbage Properties LLC
—
Deed Of Trust
related
$540,000 · Firstmerit Bank NA
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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