Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    435 W county 83a highway Freeport, FL 32439

    View on Map
    Picture of Other industrial properties at 435 W county 83a highway, Freeport, FL
    For Lease
    $14 SF/Yr

    7,000 SF Alaqua Business Park - Industrial Building B For Lease

    Added:
    Mar 20, 2025
    Days on Market:
    413
    Last Refresh:
    Mar 16 at 9:05 am

    Property Features for 435 W county 83a highway

    General Information

    Standard status
    Active
    Property type
    Other industrial properties, Business parks, Flex space, Industrial properties, Office properties & Spaces
    Total Parking Spaces
    10
    Elevators
    N/A
    Lease Type
    Modified Gross
    Lease Term
    5+ Years
    Rate Type
    Yearly

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Paul Salter

    Listing agent Paul

    Listing office

    Listing date Mar 20, 2025

    Overview

    Freeport Industrial Space For Lease

    Located in Freeport, Florida, a 7,000-square-foot industrial space is available for lease within Alaqua Business Park. The building is part of a six-building industrial park, totaling 46,000 square feet, situated on a 10.5-acre site. The property is located three miles west of the Highway 331 and Highway 20 intersection. The available space is suited for industrial or flex uses. The property includes a lay-down yard, and four 14-foot overhead doors facilitate loading and unloading. Ten parking spaces are available. The lease is a Modified Gross lease with a minimum term of 5+ years, at an annual rate of $14 per square foot. The building is part of Phase One of the development, with an anticipated completion date of December 2024. The property is located in Walton County.
    Location Intelligence

    Current Use by Public Records

    Industrial properties

    Map

    City
    Freeport
    County
    Walton
    State
    Florida
    Longitude
    -86.1733
    Latitude
    30.4847

    Nearby Similar for Lease

    • $21 SF/Yr

      Freeport Flex Space Development

      40,000 SF development with high visibility and easy highway access.
      20431 Us Highway 331 S, Freeport, FL 32439
      View Details
    • $4,000/Mo

      New Retail/Flex Development in Freeport

      Class A retail/flex space available Q1 2026 in Freeport, Florida.
      331 Business, Freeport, FL, 32439
      View Details
    • $43 SF/Yr

      Retail Space on US-331

      Retail space for lease in Freeport, FL, coming Spring 2026.
      US Highway 331, Freeport, FL 32439
      View Details
    • $5,875/Mo

      Highway 331 Commercial Building

      3,000 SF building on 1.4 acres available for lease.
      17287 US-331, Freeport, FL 32439
      View Details
    • $16 SF/Yr

      New Freeport Office/Warehouse Development

      New Class A business park in Freeport, available Q1 2026.
      331 Business, Freeport, FL
      View Details
    • $5,875/Mo

      Retail Space on Highway 331

      Retail space available on Highway 331 in Freeport, Florida.
      17287 US-331, Freeport, FL 32439
      View Details
    • $20 SF/Yr

      Highway 331 Office Space

      3,000 SF office space on 1.4 acres available for lease.
      17287 US Highway 331 S, Freeport, FL
      View Details
    • $500/Mo

      110 SF Executive Suites/Coworking Space For Lease (Floor 1, Suite 103)

      110 SF executive suite in Freeport, Florida with utilities.
      18235 US Highway 331 S, Freeport, FL 32439
      View Details
    • $5,500/Mo

      5,175 SF Flex/R&D For Lease - 48 Commerce Lane - Suite 6-8

      5,175 SF flex/R&D space with warehouse and office/retail areas.
      32 Commerce Ln, Freeport, FL 32439
      View Details
    • $28 SF/Yr

      Freeport Commercial Campus Opportunity

      Two freestanding buildings and warehouse on 4 acres in Freeport.
      15167 331 Business, Freeport, FL
      View Details
    • $12 SF/Yr

      Freeport Warehouse Space Available

      4800 SF warehouse space for lease in Freeport, Florida.
      413 Bulldog Rd, Freeport, FL
      View Details
    • $14 SF/Yr

      2,500 SF Freeport Light Industrial For Lease

      2,500 SF light industrial space in Freeport's thriving industrial park.
      363 Bulldog Rd, Freeport, FL 32439
      View Details

    FAQs

    What type of property is this?
    Industrial property - 7,000 SF Alaqua Business Park - Industrial Building B For Lease
    Where is this industrial property located?
    The property is located at 435 W county 83a highway Freeport, FL.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    (850) 687-4075
    We can help!
    Listing Contact
    Paul Salter
    Learn More
    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.
    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

    Thank You for Inquiry
    435 W county 83a highway, Freeport, FL 32439
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!