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Property profile & analytics
FOR SALE
Hotels

317 N Byron Butler Pkwy Perry, FL 32347

4,723 SF 2.86 ac lot Built 1954
Entity Owned 19-yr Hold ~ Est. High Equity
Property ID
US18-5908208
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1954
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,723 SF
Lot 2.86 ac (124,582 SF)
APN 23-04-07-03141-000
UPID US18-5908208
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
  • Skylark Motel Perry FL Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$665k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$665k
Owner & transaction history
317 Skylark Motel LLC · 19 yrs held
317 Skylark Motel LLC
since 2006
2 recorded transactions
2006
$450,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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