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Property profile & analytics
OFF-MARKET
Motels
200 Henderson Resort Way Destin, FL 32541-3471
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-8162337
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2016
Construction
FRAME
Total area
59,625 SF
Lot
3.48 ac (151,417 SF)
APN
00-2S-22-2801-0000-0010
UPID
US18-8162337
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Drh Hbr Owner LLC · 4 yrs held
Drh Hbr Owner LLC
since 2021
Last sale
$105.0M
4 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 Destin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Destin 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$789,675
Tax year 2023
Assessed value
$66,864,684
Assessed 2023
Previous assessed
$66,864,684
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$2,823,425
Assessed improvement
$64,041,259
Land market value
$2,823,425
Improvement market value
$64,041,259
Total market value
$66,864,684
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
Similar Nearby for Lease
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
2016
Construction
FRAME
Heating
FORCED AIR
Cooling
OTHER
Buildings
3
Stories
4
Units
170
Rooms
56
Total area
59,625 SF
Lot
3.48 ac (151,417 SF)
APN
00-2S-22-2801-0000-0010
UPID
US18-8162337
Jurisdiction
OKALOOSA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2016
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
3
Units
170
Rooms
56
Lot
3.48 ac
Current owner
From public records · entity-resolved
Drh Hbr Owner LLC
Entity
Free & Clear · 4 yrs held
Mailing address
BETHESDA, MD 20814
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2021
$105,000,000
Drh Hbr Owner LLC
Henderson Beach Resort Holding LLC
Special Warranty Deed
—
May 1, 2019
—
Henderson Bch Res Holding LLC
—
Loan Modification
related
$40,500,000 · Henderson Bch Res Lender LLC
—
—
Henderson Bch Res Holding LLC
—
Loan Modification
related
$37,850,000 · Bank Ozk
—
—
Dunavant Gulf LLC
—
Deed Of Trust
related
$175,000 · Summit Bk
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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