1026 S Us Highway 331, Defuniak Springs, FL 32435
5000 SF building with drive-thru and established parking.
- Added:
- Mar 6, 2025
- Days on Market:
- 460
- Last Refresh:
- Apr 5 at 9:06 pm
Property Features for 1026 S Us Highway 331
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 0.49 Acres
- Property subtype
- Commercial
Listing agent STEVEN R YOUELL License #3100602
Listing office BERKSHIRE HATHAWAY HOME SERVICES PENFED REALTY (850) 267-0013
Listing date Mar 6, 2025
Source Corcoran
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of BERKSHIRE HATHAWAY HOME SERVICES PENFED REALTY
HighLights
- High‑traffic location within a Winn Dixie anchored shopping center (AADT 22,000)
- Existing drive‑thru window
- 5,000 sq ft free‑standing building
- Ample established parking plus additional deeded parking
- High visibility
- Major road upgrade on Highway 331
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.0k | $21.60 |
| − Vacancy | −$6.5k | −$1.30 |
| EGI | $101.5k | $20.30 |
| − OpEx | −$25.4k | −$5.08 |
| NOI | $76.1k | $15.23 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Defuniak Springs
- County
- Walton
- State
- Florida
- Longitude
- -86.1233
- Latitude
- 30.708
