NOT LISTED FOR SALE

2821 SW 3rd Terrace Okeechobee, FL 34974

Estimated Value: $607,489

Studio
14 Baths
15,680 Sq Ft
$39/Sq Ft Est. Value

About This Home

Fully leased 17,640 sq ft commercial plaza on 1.291 acres. Recently remodeled and known as Cedar Plaza, this plaza consist of 14 individual leasable bays. Current leases in place are 2 year leases with a built in annual escalator, current actual income reflects a 7% cap rate at asking price with room to grow income. Located just off Hwy 441 South and 1 block West of Home Depot makes this property a great income producer for investors.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 24, 2020
Sold by
Powmesamy Rukhomani D and Powmesamy Rukhomani D
Bought by
C & C Petro Investments Ii Llc
Current Estimated Value
$607,489

Purchase Details

Closed on
Jun 27, 2007
Sold by
Hayes Thomas L
Bought by
Revocabl Powmesamy Rukhomani D and Rukhomani D Powmesamy Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 30, 2005
Sold by
Seder Thomas
Bought by
Hayes Thomas L

Purchase Details

Closed on
Sep 25, 2000
Sold by
Seder Matthew and Tindall Laura J
Bought by
Seder Thomas J and Seder Valerie
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
C & C Petro Investments Ii Llc $425,000 Attorney
Revocabl Powmesamy Rukhomani D $1,000,000 Lake Okeechobee Title Inc
Hayes Thomas L -- --
Hayes Thomas L -- --
Hayes Thomas L $340,000 --
Seder Thomas J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Revocabl Powmesamy Rukhomani D $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/06/2025 03/06/25 For Sale $1,795,000 -- --

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $16,137 $908,315 $219,375 $688,940
2024 $14,836 $824,958 $219,375 $605,583
2023 $13,783 $766,663 $202,500 $564,163
2022 $11,760 $636,439 $141,844 $494,595
2021 $8,429 $393,286 $131,831 $261,455
2020 $9,625 $477,040 $131,831 $345,209
2019 $9,429 $465,434 $131,831 $333,603
2018 $9,535 $462,375 $131,831 $330,544
2017 $9,032 $442,142 $0 $0
2016 $10,496 $433,333 $0 $0
2015 $10,805 $433,333 $0 $0
2014 -- $411,306 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bryan Holden

    Seller's Agent in 2025

    Bryan Holden

    The Tucker Group, LLC

    (772) 201-8722

    5 in this area

    10 Total Sales

    Bryan Holden
    Section Image
See All Agents

Map

Florida Okeechobee County Okeechobee 34974

2821 SW 3rd Terrace, Okeechobee, FL

Not Listed for Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.