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1421 NE US Highway 441 #10
About This Property
Kickback Inn & RV Park @ Lake Okeechobee in Sunny Florida
Stabilized income producing property.? Two parts: Hotel/Motel/Long Term Apartment Building and RV Manufactured Homes Park. Two in One. MHP
1422 US-441, Okeechobee, FL 34974
This is a 10-room motel currently being expanded to 10 rooms, complemented by existing RV/manufactured home lots located to the rear and side of the property.? The attached rent roll reflects three recent vacancies that were filled over the weekend with long-term local tenants, stabilizing occupancy.?
The current owner is in the process of adding seven additional seven (7) RV/manufactured home sites, including electrical and plumbing infrastructure.? There is an adjacent portion of land historically utilized for RV placement for over 20 years, though part of that area may involve state ownership.? This will require proper due diligence to confirm legal use and future entitlement.? If validated, it presents meaningful expansion potential beyond the current footprint.?
Asking Price: $1,299,999
Okeechobeepa
Parcel: 1-34-37-35-0A00-00022-A000
Rent roll is available upon request and signed NDA.
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 31, 2026 | Listed by Miami Waterfront Realty | $1,299,990 | |
| Listed by Miami Waterfront Realty | |||
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| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
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