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Okeechobee Motel & RV Park 1422 US 441 SE 9 Room Hotel Okeechobee, FL 34974 $1,300,000 ($144,444/Room) 13.85% Cap Rate
Investment Highlights
- Motel Hotel RV Manufactured Homes Park All-in-One
- Central Location
- 100% Occupancy With Room To Expand
- Direct Access to Lake Okochobee Spectacular Fishing Opportunities
- Multifamily Portfolio
- Stable Income Property
Executive Summary
1422 US-441, Okeechobee, FL 34974
This is a 9-room motel currently being expanded to 11 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: $1,300,000
Visual tour:
https://tours.swift-pix.com/KGbIisnvv7SRmmOks9Z6
Parcel information is attached or you can look it up here:
https://www.okeechobeepa.com/gis/
Parcel: 1-34-37-35-0A00-00022-A000
Rent roll is available upon request and signed NDA.
This is a 9-room motel currently being expanded to 11 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: $1,300,000
Visual tour:
https://tours.swift-pix.com/KGbIisnvv7SRmmOks9Z6
Parcel information is attached or you can look it up here:
https://www.okeechobeepa.com/gis/
Parcel: 1-34-37-35-0A00-00022-A000
Rent roll is available upon request and signed NDA.
Property Facts
Amenities
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 9 | $82.00 | - |
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $125,190 | |
| Land Assessment | $686,888 | Total Assessment | $812,078 |
Property Taxes
Parcel Numbers
Land Assessment
$686,888
Improvements Assessment
$125,190
Total Assessment
$812,078
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Okeechobee Motel & RV Park | 1422 US 441 SE
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