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Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Hotels
1450 Honey Lk Rd Greenville, FL 32331-4068
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US18-6323832
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2012
Construction
STEEL FRAME
Total area
11,166 SF
Lot
52 ac (2,265,120 SF)
APN
11-1N-06-1663-003-000
UPID
US18-6323832
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Honey Lake Clinic - Christian Mental Health Treatment Crisis Center Medical Clinic
-
Honey Lake Clinic Therapist Network Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$805k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$805k
Owner & transaction history
Honey Lake Clinic INC · 8 yrs held
Honey Lake Clinic INC
since 2017
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Greenville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greenville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$805,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,180,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,105,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$915,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$850,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$840,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$805k
Range $725k – $886k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$72 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,874
Tax year 2023
Assessed value
$6,839,062
Assessed 2023
Previous assessed
$5,299,111
+29.1% YoY
Effective rate
0.06%
On assessed value
Assessed land
$156,000
Assessed improvement
$6,683,062
Land market value
$156,000
Improvement market value
$6,683,062
Total market value
$6,839,062
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2012
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
15
Stories
1
Units
8
Rooms
26
Bathrooms
57
Total area
11,166 SF
Lot
52 ac (2,265,120 SF)
APN
11-1N-06-1663-003-000
UPID
US18-6323832
Jurisdiction
MADISON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$915,000
RETAIL STORES
Est. value
$850,000
WAREHOUSE, STORAGE
Est. value
$840,000
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2012
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
15
Units
8
Rooms
26
Bathrooms
57
Lot
52 ac
Current owner
From public records · entity-resolved
Honey Lake Clinic INC
Entity
Mailing address
1450 NW HONEY LK RD, GREENVILLE, FL 32331-4068
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2024
—
Honey Lake Clinic INC
—
Deed
related
$500,000 · Optus Bank
Sep 14, 2023
—
Honey Lake Clinic INC
—
Deed
related
$10,300,000 · Optus Bank
Dec 29, 2017
$5,561,600
Honey Lake Clinic INC
Honey Lake Resort LLC
Special Warranty Deed
—
Mar 21, 2016
$4,585,000
Honey Lake Resort LLC
Honey Lake Plantation Resort & Spa
Warranty Deed
—
—
—
Honey Lake Clinic INC
—
Deed Of Trust
related
$10,750,000 · Wesleyan Investment Foundation INC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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