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Okeechobee 34972
16488 NW 272nd STREET
$25,000
● Land - Off Market

16488 NW 272nd STREET

OKEECHOBEE, FL 34972
bedrooms
Studio
bathrooms
0 Bath
$163
Est. Monthly
47.56%
Cap Rate

About This Property

1.25 acre parcel in the Viking. Centrally located for easy access off of paved roads. Electric across the street directly North of the lot. Large trees that provide plenty of shade. This area is zoned for site built homes and manufactured homes. Call for details. All measurements are approximate.
Unit Size
-
Days on Market
210 days
Land Size
1.25 acres
Price per sqft
-
Property Type
Land
Property Taxes
$30
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

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%.

How much can I actually make?

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.

Last updated: 3 years ago (Stellar MLS #OK223307)

Price History

Date / Event Date Event Price
May 13, 2024 Sold
Premium
Sold
May 1, 2024 In contract -
In contract
Apr 16, 2024 Relisted $27,000
Relisted
Apr 4, 2024 In contract -
In contract
Oct 16, 2023 Listed by LAKE O REAL ESTATE, LLC $29,000
Listed by LAKE O REAL ESTATE, LLC
Show More

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 54,450
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000001250
  • Standard Land Use Code: 8001
  • County Land Use Code: 00
  • State Land Use Code: 00
  • Legal Description 1: LOT B OF TRACT 3 WEST 1/2 OF THE EAST 1/2 OF THE NORTH 1/2 OF THE NORTH 1/2 OF TRACT 3, SECTION 26 AS TO THE SOUTHERN COLONIZATION COMPANY PLAT OF TOWNSHIP 34 SOUTH, RANGE 33 EAST, ACCORDING TO THE PLAT THEREOF RECORDED IN PLAT BOOK 4, PAGES 3-3E, IN

Neighborhood

  • School District Name: Okeechobee County School District
  • Census Tract: 910101

Geography

  • Subdivision Tract Number: 3
  • Parcel: 1-26-34-33-0A00-00003-B000
  • Lot: B
  • Meridian: SEC 26 TWN 34S RNG 33E
  • Municipality: SOUTH FLORIDA
  • Latitude: 27.4937
  • Longitude: -80.9951

    Address

  • Full Address: 16488 Nw 272nd St
  • Address - House Number: 16488
  • Street Direction: NW
  • Address - Street Name: 272nd
  • Address - Suffix Type: St
  • State: FL
  • City Name: Okeechobee
  • Zip Code: 34972

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $35,784
  • Tax Rate Code Area: 030

    Market Valuation

  • Market Total Value: $16,000
  • Market Land Value: $16,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $16,000
  • Assessed Land Value: $16,000

    Sales

  • Current Sale Contract Date: Feb 27, 2004
  • Current Sale Recording Date: Mar 18, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2004004852
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Okeechobee

Stats & Trends

Median Asking:

$337,900

Sale Price/ft²

$219

Below Asking

0.03%

Average Days on Market

91

Average Home Size

1520 ft²

Average Home Age

25.4 years

Currently For Sale

184 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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STELLAR

Listed by: Rick Gonzalez
LAKE O REAL ESTATE, LLC
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# OK223307
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 16488 Northwest 272nd Street built and last sold?
The property at 16488 Northwest 272nd Street was built in and last sold on Feb 27, 2004 for $19,000.
How much is this home worth?
The estimated value of the home located at 16488 Northwest 272nd Street is $27,270.
What are some comparable homes to 16488 Northwest 272nd Street?
There are currently no comparable homes to 16488 Northwest 272nd Street.
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