Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    317 Byron Butler Pkwy Perry, FL 32347-2300

    • Hotels
    • 4,723 SF
    • 2.86 lot acres
    OFF-MARKET
    Value Estimations
    $665,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5908208
    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

    • Skylark Motel Perry FL / Hotel & Motel

    Property Details for 317 Byron Butler Pkwy

    Year built
    1954
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.86 lot acres
    Property size
    4,723 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    23-04-07-03141-000
    APU
    23040703141000

    Description

    This exceptional investment opportunity presents a 33-room vintage Florida motel ideally situated at the intersection of Historic Highway 19 and Main Street in Perry, Florida. Boasting a prime location with a daily traffic count of 10,625 vehicles on Highway 19, this property offers significant potential for a savvy investor. The motel, built in 1954, retains its Old Florida charm while benefiting from its high-traffic location, just 55 miles south of Tallahassee and 166 miles from Tampa. This makes it a strategic location for tourists and corporate travelers alike, utilizing the heavily trafficked Highway 19 corridor. The property encompasses 2.86 acres and includes three buildings: two main buildings, each approximately 4,700 square feet, and a third, 1,728-square-foot building at the west end of the property, currently unusable. The total square footage is 11,166. An on-site office is also included. The property is commercially zoned and enjoys convenient proximity to downtown Perry. 2020 annual property taxes were $6,146. Net operating income (NOI) information is available upon request for qualified buyers. Owners are offering partial financing with 35% down at closing. In-person tours are available for well-qualified buyers. This is a rare chance to acquire a piece of Florida history with substantial income potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $665,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $610,000
      OFFICE BUILDING
      $585,000
      COMMERCIAL (GENERAL)
      $460,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Perry
    County
    Taylor
    State
    Florida
    Longitude
    -83.591
    Latitude
    30.1186

    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
    $8,980
    $305,220
    $329,610
    $634,830
    -
    $305,220
    $329,610
    $634,830

    Comparable in this City

    • Value Estimation by Request
      4,712 SF

      530 Ash St

      DISTRIBUTION WAREHOUSE • 4,712 SF
      530 Ash St, Perry, FL 32347-2101
      View Details
    • Value Estimation by Request
      3,468 SF

      501 Byron Butler Pkwy

      OFFICE BUILDING • 3,468 SF
      501 Byron Butler Pkwy, Perry, FL 32347-2315
      View Details
    • Value Estimation by Request
      3,612 SF

      316 Byron Butler Pkwy

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,612 SF
      316 Byron Butler Pkwy, Perry, FL 32347-4000
      View Details
    • Value Estimation by Request
      8,706 SF

      449 Byron Butler Pkwy

      COM AUTO TRANS/STORAGE • 8,706 SF
      449 Byron Butler Pkwy, Perry, FL 32347-2306
      View Details
    • Value Estimation by Request
      880 SF

      441 Byron Butler Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 880 SF
      441 Byron Butler Pkwy, Perry, FL 32347-2306
      View Details
    • Value Estimation by Request
      1,440 SF

      104 Byron Butler Pkwy

      COM AUTO TRANS/STORAGE • 1,440 SF
      104 Byron Butler Pkwy, Perry, FL 32347-3108
      View Details

    Similar Nearby for Sale

    • $295,000
      3,500 SF

      3,500 SF Retail or Hospitality Space For Sale

      3,500 SF Retail or Hospitality Space For Sale
      113 Green Street, Perry, FL 32347
      View Details
    • $300,000
      100.00 Acres

      Secluded Timberland for Hunting, Recreation

      100 acres of timberland ideal for hunting, recreation, or investment.
      Max Rd, Perry, FL 32347
      View Details
    • $230,000
      8,445 SF

      8445 FT on 0.89 AC Lot For Sale

      8445 FT on 0.89 AC Lot For Sale
      118 Park Street, Perry, FL 32347
      View Details
    • $120,000
      50.00 Acres

      50 Acre Land Tract

      50 acre agricultural land tract outside of Perry, Florida.
      No Name Rd, Perry, FL 32347
      View Details
    • New
      $215,000
      1,642 SF

      Commercial Building in Perry, FL

      Commercial building in Perry, FL, tailored to your needs.
      1204 Center St North, Perry, FL 32347
      View Details
    • $69,000
      4.18 Acres

      Versatile Land Parcel in Perry

      4.18 acre AG-RR zoned land offers residential and agricultural potential.
      2709 W Page Rd, Perry, FL 32347
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      95,338 SF

      Retail Parcels in High-Traffic Area

      Available retail parcels with highway access and ample parking.
      1809 Byron Butler Rd, Perry, FL 32347
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Near Walmart

      Retail space available in Perry, Florida, near Walmart.
      1854 S Jefferson St, Perry, FL 32347
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    317 Byron Butler Pkwy
    Perry, FL 32347-2300
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!