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    2286 Byron Butler Pkwy Perry, FL 32348-6104

    • Distribution properties
    • 3,956 SF
    • 1.01 lot acres
    OFF-MARKET
    Last Sale
    Dec 23, 2020
    $200,000
    Value Estimations
    $265,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5498978
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Smart Mart / Convenience Store
    • Big Bend Rentals / Tool Rental Service
    • Tri-County Cellular & Computers / Electronics Store
    • Dealer Wholesale Services / Wholesaler

    Property Details for 2286 Byron Butler Pkwy

    Year built
    1951
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.01 lot acres
    Property size
    3,956 SF
    Property type
    Distribution properties
    APN
    36-04-07-05732-000
    APU
    36040705732000

    Description

    This exceptional commercial property in Perry, Florida, presents a unique investment opportunity. Located on Highway 19, boasting a high daily traffic count of 12,000 vehicles, this 1.01-acre lot features three interconnected buildings totaling approximately 8,215 square feet. The property includes three separate storefronts encompassing 3,330 square feet of retail space, a spacious 4,187 square foot heated and cooled warehouse with a 7-foot bay door and loading dock, a 648 square foot office and loft storage area, and a recently renovated two-bedroom, one-bathroom residence with a spacious kitchen and living area. The property also features an auto body garage with 10-foot double bay doors and a new roof (2024). The buildings benefit from updated electrical systems throughout the retail and warehouse spaces, new mini-split HVAC units, and spray foam insulation. The property is meticulously maintained, with a clean landscape, partial fencing, and proper drainage. Ample paved parking (25 spaces) is conveniently located near the storefronts. Two separate power poles offer potential for additional vending opportunities. Currently occupied by a Smart Mart, a cellular/device technology shop, and an auto body garage, the property is being offered as a turnkey operation, with the option to purchase the real estate only. All businesses and equipment are negotiable. The property's Class A designation, multi-tenant occupancy, and prime location make it an ideal investment for both owner-users and investors. Built in 1951 and 1975, with renovations completed in 2022 and 2023, this property offers a blend of established infrastructure and modern upgrades. The commercial zoning ensures flexibility for a variety of uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $255,000
      ML approach
      $230,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $416,000
      Market price range: $171k - $416k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Perry
    County
    Taylor
    State
    Florida
    Longitude
    -83.5775
    Latitude
    30.0933

    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
    $4,317
    $169,380
    $85,450
    $254,830
    -
    $169,380
    $85,450
    $254,830

    Comparable in this City

    • Value Estimation
      $215,000
      1,380 SF

      Perry, FL 32348

      COM AUTO TRANS/STORAGE • 1,380 SF
      Perry, FL 32348
      View Details
    • Value Estimation
      $400,000
      16,773 SF

      2920 Byron Butler Pkwy

      COM AUTO TRANS/STORAGE • 16,773 SF
      2920 Byron Butler Pkwy, Perry, FL 32348-6314
      View Details
    • Value Estimation
      $300,000
      8,072 SF

      2128 Byron Butler Pkwy

      COM AUTO TRANS/STORAGE • 8,072 SF
      2128 Byron Butler Pkwy, Perry, FL 32348-6102
      View Details
    • Value Estimation
      $265,000
      1,329 SF

      1631 Byron Butler Pkwy

      COM AUTO TRANS/STORAGE • 1,329 SF
      1631 Byron Butler Pkwy, Perry, FL 32348-5432
      View Details
    • Value Estimation
      $255,000
      5,152 SF

      118 Ctr St

      COM AUTO TRANS/STORAGE • 5,152 SF
      118 Ctr St, Perry, FL 32348-6411
      View Details
    • Value Estimation
      $280,000
      1,564 SF

      2001 Jefferson St

      COM AUTO TRANS/STORAGE • 1,564 SF
      2001 Jefferson St, Perry, FL 32348-5618
      View Details

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    Perry, FL 32348-6104
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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