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Property profile & analytics
FOR SALE
Hotels

1627 Byron Butler Pkwy Perry, FL 32347

4,479 SF 3.02 ac lot Built 1950
Entity Owned 18-yr Hold Absentee Owner Free & Clear
Property ID
US18-1983790
Property summary
AI-generated overview

This exceptional investment opportunity presents a 1950s vintage Florida motel and campground spanning 11 acres on the busy Historic Highway 19 corridor in Perry, Florida. Boasting 21 motel rooms, 2 apartments, a clubhouse, and extensive campground space, this 10,426 square foot property offers significant income potential. The property includes three buildings: 3,093 sq ft, 4,479 sq ft, and 2,854 sq ft. A recent roof replacement (March 10th, 2024) by licensed contractors, a new water heater, and remodeled units (excluding one) ensure immediate operational efficiency. Situated on a high-traffic route (11,227 daily vehicles at a nearby intersection), this location benefits from its proximity to both Tallahassee (55 miles) and Tampa (166 miles), attracting tourists and business travelers. The property's convenient location is within walking distance of local shops and restaurants. An additional 7.98-acre parcel west of the motel provides ample space for RV camping. Commercial zoning is in place. The property's 2020 annual taxes were $6,094. Owner financing at 7% is available. Detailed financial information, including Net Operating Income (NOI), and current rental data are available to qualified buyers upon request. Schedule a property tour to explore this remarkable opportunity to own a thriving vintage Florida income-producing property.

Property profile
Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1950
Construction WOOD
Total area 4,479 SF
Lot 3.02 ac (131,551 SF)
APN 26-04-07-05166-000
UPID US18-1983790
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
  • Westgate Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$835k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$835k
Owner & transaction history
01 Demp Street LLC · 18 yrs held
01 Demp Street LLC
since 2007
7 recorded transactions
2020
Price N/A
2019
Price N/A
2007
Price N/A
2007
$385,000
2006
$550,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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