Free Standing Building For
1026 S Us Highway 331 Defuniak Springs, FL 32435
For Sale
$900,000
Pending
5000 SF building with drive-thru and established parking.
Property Size5,000 SF
Lot Size0.49 Acres
Days on Market506
Property Features for 1026 S Us Highway 331
General Information
- Standard status
- Pending
- Size
- 5,000 SF
- Lot size
- 0.49 Acres
- Property subtype
- Commercial
Listing Agency:
BERKSHIRE HATHAWAY HOME SERVICES PENFED REALTY
(850) 267-0013
Listed By:
STEVEN R YOUELL · License #3100602
Source:
Corcoran
Added: Mar 6, 2025
Changed: Jul 10
Last Checked: Jul 24 at 3:56PM
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
Investment Insights
Based on property information with market context.
This is a 5000 square foot free-standing building located within the parking area of a shopping center anchored by Winn Dixie. The property benefits from an Average Annual Daily Traffic (AADT) count of 22,000. A major road upgrade is underway on Highway 331 at this location. The property experiences high traffic volume, particularly within the Winn Dixie parking lot. Parking is already established, with additional deeded parking available within the shopping center's parking area. The location offers high visibility and is situated in an area with substantial current commercial growth in close proximity. The building includes a drive-thru window on the east end. The property is suitable for various businesses.
Key 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
Financial Insights For 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 | $90.0k | $18.00 |
| − Vacancy | −$7.7k | −$1.53 |
| EGI | $82.4k | $16.47 |
| − OpEx | −$24.7k | −$4.94 |
| NOI | $57.6k | $11.53 |
5,000 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$823.5K
$720.6K – $960.8K
NOI $57,645 @ 7.0% cap · market cap 6.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,020 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
FAQs
What type of property is this?
Storefront property - 5000 SF building with drive-thru and established parking.
Where is this storefront property located?
The property is located at 1026 S Us Highway 331 Defuniak Springs, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: High‑traffic location within a Winn Dixie anchored shopping center (AADT 22,000); Existing drive‑thru window; 5,000 sq ft free‑standing building
