9691 126Th Blvd Okeechobee, FL 34974
This exceptional 55-acre agricultural property in Okeechobee County, Florida, presents a compelling investment opportunity. Located just minutes from the town of Okeechobee, this high and dry land offers significant potential for various uses. Currently zoned for agriculture, the property allows for a density of one single-family home per five acres, totaling eleven potential residential units. Existing infrastructure includes a six-inch well, on-site electricity, and a three-phase transformer ready for connection. Extensive storage facilities exceeding 12,000 square feet are also on the property. A 1,400+ square foot, two-bedroom, one-bathroom single-family home is included. The property enjoys convenient access, situated less than half a mile from Beeline Highway and Highway 441. Attractive financing options are available, including a 20-year fixed-rate mortgage with a 35% down payment and no immediate building obligation. Detailed financing information is available upon request. This property is priced at $1,955,000 and offers a unique blend of agricultural land and development potential in a desirable Florida location. The existing home and storage facilities provide immediate utility and potential rental income. Don't miss this chance to acquire a versatile and well-situated property in Okeechobee County.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.