How much is 8761 Highway 78?

8761 Highway 78 is listed at $5,900,000, about $47,967 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.

What is the cap rate on 8761 Highway 78?

The listing reports net operating income of $455,714 a year, a cap rate of about 7.7% at the $5,900,000 asking price. Seller-reported income is a starting point: verify it against the rent roll, the leases and the operating statements during due diligence.

What is 8761 Highway 78 zoned?

The listing reports zoning of RR. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.

How big is 8761 Highway 78?

The listing reports 123 square feet of building.

When was 8761 Highway 78 built?

8761 Highway 78 was built in 1984. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.

What are the property taxes on 8761 Highway 78?

The listing reports annual property taxes of $73,140 for 2026. Florida reassesses a non-homestead property after it sells, so budget for the new owner's bill rather than the current one.

How do I tour 8761 Highway 78?

Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.

8761 Highway 78, Okeechobee FL

$5,900,000 · $47,967 per sq ft · Multifamily for sale

Property type: Multi Family
Asking price: $5,900,000
Price per sq ft: $47,967
Building size: 123 sq ft
Lot size: 10.6 acres
Zoning: RR
Year built: 1984
Units: 123
Stories: 1
Net operating income: $455,714/yr
Cap rate: 7.7%
Buildings: 123
Parking spaces: 246
Units leased / vacant: 123 leased · — vacant
Parcel ID: 11738350a00000050000
MLS#: B26038762

MLS COV PIC at 8761 Highway 78, Okeechobee

About this property

Value Add 2 Contiguous RV Parks with 123 Pads - The offering presents an exceptional opportunity to acquire two contiguous RV parks—Dew Drop RV Park and Okeechobee Lake RV Park—positioned on a combined 10.2 acres with canal frontage providing direct access to Lake Okeechobee, one of Florida's most iconic natural landmarks. Dew Drop was developed in 1988 and spans 3.9 acres featuring 57 well-maintained, rent-only pads. The park is thoughtfully designed with dual access points, paved interior roadways, and sub-metered public water with septic infrastructure in place. Okeechobee Lake RV Park encompasses 66 rent-only pads and offers residents a clubhouse, freestanding bathroom/shower facility. Tenants are billed for their pro-rata share of water/electric. +++ Download the OM +++ Download the Offer Memorandum for all details regarding the opportunity. +++

Building Features and Utilities

Cable Available
Electricity Connected
Water Connected
Other

Operating Statement

Gross income	$759,000/yr
Property taxes	$73,140/yr
Net operating income	$455,714/yr
Cap rate at asking price	7.7%

Income and expenses as the seller entered them in the MLS, not verified. A buyer's lender underwrites from the actual statements and the property tax and insurance a new owner will pay.

About the Business at 8761 Highway 78

Included: Business, Land

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

Media Realty · mediarealty@earthlink.net · Listing agent: Peter Dacko III

All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.

Request a tour or more information

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to tour 8761 Highway 78 or to ask for what the listing leaves out: the rent roll, the leases and the operating statements.

Questions About 8761 Highway 78

How much is 8761 Highway 78?: 8761 Highway 78 is listed at $5,900,000, about $47,967 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.
What is the cap rate on 8761 Highway 78?: The listing reports net operating income of $455,714 a year, a cap rate of about 7.7% at the $5,900,000 asking price. Seller-reported income is a starting point: verify it against the rent roll, the leases and the operating statements during due diligence.
What is 8761 Highway 78 zoned?: The listing reports zoning of RR. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.
How big is 8761 Highway 78?: The listing reports 123 square feet of building.
When was 8761 Highway 78 built?: 8761 Highway 78 was built in 1984. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.
What are the property taxes on 8761 Highway 78?: The listing reports annual property taxes of $73,140 for 2026. Florida reassesses a non-homestead property after it sells, so budget for the new owner's bill rather than the current one.
How do I tour 8761 Highway 78?: Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.

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