Add Listing
    For Lease
    • 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

    81 State Highway 83 Defuniak Springs, FL 32433

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,500 /Mo

    1000 SF office space in a prime commercial location.

    Type:Commercial
    Property size:
    1,000 SF
    Lot size:
    0.11 Acres
    Added:
    Oct 18, 2024
    Days on Market:
    550
    Last Refresh:
    Apr 5 at 8:41 pm

    Property Features for 81 State Highway 83

    General Information

    Standard status
    Active
    Size
    1,000 SF
    Lot size
    0.11 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1975

    We can help!

    Listing Contact
    JOYCE W ZAIDI
    JOYCE W ZAIDI

    Listing agent JOYCE W ZAIDI

    Listing office REALTY WEST

    Listing date Oct 18, 2024

    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 REALTY WEST

    Overview

    DeFuniak Springs Office Space

    This 1000 square foot office space is located one block off Nelson Ave (Hwy 90) in DeFuniak Springs, FL, near the historical area. The property benefits from city water and sewer services. The tenant will have an individual meter for their electric bill. The location offers great visibility and experiences an average daily traffic count of 9,500 vehicles, making it a perfect commercial location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Defuniak Springs
    County
    Walton
    State
    Florida
    Longitude
    -86.1155
    Latitude
    30.7226

    Nearby Similar for Lease

    • Contact for pricing

      Quaint Office Building Near Downtown

      Small office building near downtown DeFuniak Springs available for rent.
      245 W Live Oak Avenue, DeFuniak Springs, FL 32435
      View Details
    • Contact for pricing

      DeFuniak Springs Office Space

      Professional office space for lease on US-90.
      261 US-90, DeFuniak Springs, FL 32433
      View Details
    • $16/mo

      Medical Suite in DeFuniak Springs

      Medical suite in multi-tenant building near hospital and I-10.
      4415 Us Highway 331 S, Defuniak Springs, FL, 32435-6307
      View Details
    • Contact for pricing

      Office Space Ready For Rent

      4,000 sq ft office space with utilities included.
      261 US-90, Defuniak Springs, FL
      View Details
    • $15/mo

      Highway 90 Commercial Opportunity

      4,000 SF building suitable for showroom, banquet hall, gallery.
      47 Dr Roberts Dr, Defuniak Springs, FL
      View Details
    • $15/mo

      Versatile Commercial Space on Hwy 90

      4,000 SF commercial building suitable for various uses.
      47 Dr Roberts Drive, DeFuniak Springs, FL 32433
      View Details
    • $16/mo

      Medical Office Building Near Hospital

      Multi-tenant medical office building adjacent to the area hospital.
      4415 US-331, Defuniak Springs, FL 32435
      View Details
    • Contact for pricing

      New Class A Distribution Warehouses

      Class A distribution/warehouses suitable for various industry needs.
      1060 Mossy Head Plaza Drive, DeFuniak Springs, FL, 32435
      View Details
    • $16/mo

      988 - 1,680 SF Office For Lease - North Walton Doctors Hospital MOB (Suite 400)

      1,680 SF medical office suite near North Walton Doctors Hospital.
      4415 US Highway 331 S, Defuniak Springs, FL 32435
      View Details
    • $16/mo

      3,414 SF North Walton Doctors Hospital MOB For Lease (Suite 600)

      3,414 SF medical office suite near North Walton hospital.
      4415 US Highway 331 S, Defuniak Springs, FL 32435
      View Details
    • $15/mo

      2,439 SF Retail For Lease - 852 Baldwin (Floor 1, Suite 852)

      2,439 SF retail space in Defuniak Springs' historic district.
      852 Baldwin Ave, Defuniak Springs, FL 32435
      View Details
    • Contact for pricing

      DeFuniak Springs Office For Rent

      Office building for lease with highway frontage and ample parking.
      20 Shoemaker Drive, DeFuniak Springs, FL 32433
      View Details

    FAQs

    What type of property is this?
    Office units - 1000 SF office space in a prime commercial location.
    Where is this office units located?
    The property is located at 81 State Highway 83 Defuniak Springs, FL.
    What is the lease rate?
    The lease rate is $1,500 /Mo.
    What are key features of this property?
    This property features: Perfect commercial location with high visibility.; High traffic count: 9,500 vehicles daily.; Centrally located one block from Hwy 90 (Nelson Ave) and the Historical area.
    (850) 892-2663
    We can help!
    Listing Contact
    JOYCE W ZAIDI
    JOYCE W ZAIDI
    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

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