1026 S Us Highway 331, Defuniak Springs, FL 32435
5000 sq ft building with drive-thru and parking.
- Added:
- Mar 10, 2026
- Days on Market:
- 120
- Last Refresh:
- Jul 5 at 8:01 am
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 office
Listing date Mar 10, 2026
Source Elliman
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HighLights
- High‑traffic location within a shopping center anchored by Winn Dixie, ensuring consistent customer flow.
- Substantial 5000 sq ft free‑standing building suitable for various business types.
- Established parking plus additional deeded parking rights within the shopping center.
- High visibility location experiencing significant commercial growth.
- Average Annual Daily Traffic (AADT) of 22,000.
- Includes a drive‑thru window, enhancing convenience for customers.
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
- -86.123263
- Latitude
- 30.7079866
