Office Building Under
For Sale
$450,000
129 W Live Oak Avenue, Defuniak Springs, FL 32435
Commercial for Sale, DeFuniak Springs, FL
Property Size1,700 SF
Lot Size0.46 Acres
Price / SF$264.71
Days on Market79
Property Features for 129 W Live Oak Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Directions
Located on the right of live oak
Subdivision
23 - North Walton County
Standard status
Active
APN
25-3N-19-19070-001-8723
Lot size
0.46 Acres
Taxes and HOA fees
Tax Description
W1/2 Of W1/2 Of Blk 1872 Town Of Defuniak Or 1284-134 Or 2635-3976 Or 3271-2445 Or 3329-2825
Legal Description
W1/2 Of W1/2 Of Blk 1872 Town Of Defuniak Or 1284-134 Or 2635-3976 Or 3271-2445 Or 3329-2825
Listing Agency:
Ellis Realty LLC
Listed By:
Zarina S Ellis · License #3397694
(910) 789-3656
Added: Aug 10
Changed: Oct 1
Last Checked: Oct 27 at 12:06PM
MLS# 1009595
Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This commercial office property is undergoing a full remodel scheduled for completion before closing. The planned configuration includes multiple rooms and a waiting area, while the roof has already been upgraded. City water, sewer, and electrical service are in place.
The property includes a 0.46-acre parcel at 129 W Live Oak Avenue in DeFuniak Springs, Florida. Its land area provides room for additional parking, including overflow capacity, subject to applicable requirements and site planning. The property is located two blocks west of 331 S.
The property includes a 0.46-acre parcel at 129 W Live Oak Avenue in DeFuniak Springs, Florida. Its land area provides room for additional parking, including overflow capacity, subject to applicable requirements and site planning. The property is located two blocks west of 331 S.
Key Highlights
- Full remodel scheduled for completion before closing
- Upgraded roof
- Planned office layout with rooms and waiting area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,420
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,400
$428.4K
Cap Rate 7%
$306,000
$306.0K
Cap Rate 9%
$238,000
$238.0K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$35.7K $21.00/SF
− Vacancy
−$7.1K −$4.20/SF
EGI
$28.6K $16.80/SF
− OpEx
−$7.1K −$4.20/SF
NOI
$21.4K $12.60/SF
Area
Walton County, FL
Vacancy
20.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,400
Cap Rate 7%
$306,000
Cap Rate 9%
$238,000
Alternative Uses
Best Use
Office B
$306.0K
$267.8K – $357.0K
NOI $21,420 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$427.5K
$374.1K – $498.8K
NOI $29,927 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
467
Businesses Nearby
Explore this area
Business Placement
Demographics for 32435, FL
6,935
Population
2,885
Households
2.4
Avg Household Size
44
Median Age
27%
College-Educated
91%
High-School Grad
136.7 sq mi
ZIP Area
51
Density / Sq Mi
$63,017
Median Household Income
$39,030
Median Earnings
$742
Median Rent
$185,600
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Commercial office property with planned interior improvements, existing municipal utilities, and additional land for parking.
Where is this office building located?
The property is located at 129 W Live Oak Avenue Defuniak Springs, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Full remodel scheduled for completion before closing; Upgraded roof; Planned office layout with rooms and waiting area
