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    4319 S Us Highway 331 Defuniak Springs, FL 32433

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    For Sale
    $897,000

    5-acre parcel with warehouse, high visibility, development potential.

    Property Features for 4319 S Us Highway 331

    General Information

    Standard status
    Active

    Source: KIM & COMPANY Agent KIM E WENNERBERG

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Land Parcel with Warehouse

    This 5-acre parcel features 200 front feet on Hwy 331S, situated just south of I-10 and adjacent to North Walton Doctors Medical in DeFuniak Springs. The property includes a 4,000 sq ft warehouse, suitable for storage, distribution, or conversion to office or service space. Currently zoned Estate Residential, the property borders commercial zoning, presenting rezoning potential for various uses. The FDOT-reported traffic count is approximately 23,000 vehicles per day. Its adjacency to North Walton Doctors Hospital makes it suitable for ancillary medical services, clinics, therapy centers, and professional offices, as well as other commercial ventures. Other nearby healthcare facilities include LeCom Dental School and the upcoming HCA stand-alone ER, both located at the intersection of Hwy 331S and I-10. The property offers development potential in a growing corridor, with feasible rezoning to commercial unlocking value for medical and business services.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Building Supply Wholesale Shop Auto Repair Shop Storage Facility Electrical Service Car Rental Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Defuniak Springs
    County
    Walton
    State
    Florida
    Longitude
    -86.119281
    Latitude
    30.6605729

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    FAQs

    What type of property is this?
    Commercial land - 5-acre parcel with warehouse, high visibility, development potential.
    Where is this commercial land located?
    The property is located at 4319 S Us Highway 331 Defuniak Springs, FL.
    What is the asking price?
    The asking price for this property is $897,000.
    What are key features of this property?
    This property features: - Prime location with **200 ft frontage on Hwy 331S**, just south of I-10 and adjacent to North Walton Doctors Medical.; - High traffic count (approx. 23,000 vehicles per day) reported by FDOT, providing exceptional visibility.; - Significant rezoning potential from Estate Residential to commercial due to bordering commercial zoning.
    Request Owner's contact information
    4319 S Us Highway 331 Defuniak Springs, FL 32433
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    Defuniak Springs, FL 32433
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    Realmo Value Estimation

    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.

    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.

    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
    4319 S Us Highway 331 Defuniak Springs, FL 32433
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