2152 Boat Yard RdMoore Haven, FL 33471

  • Office properties
  • 2,221 SF
For Sale
$10,500,000 View listing

Property Details for 2152 Boat Yard Rd

Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
8.00 AC
Property size (Sq ft)
2,221 SF
Property type
Office properties
Property subtype
Office buildings
APN
A29-42-31-A00-005F-0000
APU
A294231A00005F0000

Description

This exceptional 13-acre business opportunity, Glades Boat Storage, Inc., is located in Moore Haven, Florida (33471), at 2152 Boat Yard Rd, Glades County. The property, built in 1990, features a two-story, 10,303 square foot building with 281 units and offers a 6.00% cap rate. The asking price is $10,500,000, representing $1,019.12 per square foot and $37,366.55 per unit. This established business boasts a unique selling proposition as Florida's only Do-It-Yourself Work Area, catering to a community of boaters. Situated on the Okeechobee Waterway (St. Mi. 89), it benefits from a "hurricane-proof" location with locks mitigating water surge. The facility includes a 50-ton lift and offers inland, fresh-water storage with no tides. The property's geographical coordinates are Latitude: 26° 47' 22.1489" and Longitude: -81° 14' 28.4975". Road access is via Highway 80, 12 miles east of Labelle. Turn north on Horseshoe Acres onto Palomino Drive and follow signs north to the river. This turnkey operation presents a compelling investment opportunity in a thriving market. The property's APN is A29-42-31-A00-005F-0000 | A29-42-31-A00-005G-0000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $682,798
    6.5%
    $630,275
    7%
    $585,255
  • Comparable approach

    Method
    Valuation
    Relative Method
    $617,838
    Geo Method
    $617,838
  • Alternative Use

    Use
    Valuation
    Residential
    $781,541
    Hospitality
    $715,887
    Educational
    $595,610
    Medical
    $616,094
    Retail
    $926,504
2152 Boat Yard Rd, Moore Haven, Florida

Location Insight

City
Moore Haven
County
Glades
State
Florida
Latitude
26.7891
Longitude
-81.241

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,050
-
-
$398,176
-
$288,640
$109,536
$398,176

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