Add Listing
    For Sale
    • 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

    1368 Us Highway 331 Defuniak Springs, FL 32435

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    4 acres of commercial land with highway frontage near I-10.

    Lot size:
    4.58 Acres

    Property Features for 1368 Us Highway 331

    General Information

    Lot size
    4.58 Acres

    We can help!

    Listing Contact
    Rachael Earley
    Rachael Earley
    Source: Moodyscre

    Listing Agency: Somers & Company Listing Agent: Rachael Earley

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

    Learn more

    Property Insight Report

    Overview

    Commercial Land on Highway 331

    This property features approximately 4 acres of commercially zoned land situated within the city limits of DeFuniak Springs, Walton County, Florida. It offers significant visibility with over 340 feet of frontage on U.S. Highway 331. The location is approximately 0.5 miles north of Interstate 10, providing access to South Walton, Destin, Fort Walton Beach, Panama City, Niceville, Eglin AFB, and Crestview. The site is suitable for commercial development or investment. The property also offers the possibility of assemblage with adjacent parcels. All existing structures convey ''as is.''
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Defuniak Springs
    County
    Walton
    State
    Florida
    Longitude
    -86.1232565
    Latitude
    30.7024268

    Nearby Similar for Sale

    • $5,500,000
      0.97 Acres

      High-Exposure Mixed-Use Property

      Mixed-use property with highway frontage and commercial zoning.
      59 Nina St, Defuniak Springs, FL 32433
      View Details
    • Contact for pricing
      17,751 SF

      Medical Suite in Defuniak Springs

      Medical suite in multi-tenant building near hospital and I-10.
      4415 Hwy 331, Defuniak Springs, FL 32433
      View Details
    • $649,000

      Income-Producing Commercial Property For Sale

      Well-located commercial property with long-term tenant and recent upgrades.
      873 Us Highway 331, Defuniak Springs, FL 32435
      View Details
    • $99,999

      Restaurant Opportunity on Highway 90

      Restaurant building with equipment on 0.75 acre lot.
      7700 Us Highway 90, Defuniak Springs, FL 32433
      View Details
    • $550,000
      52,272 SF

      Mobile Home Park Opportunity

      1.2-acre mobile home park with expansion potential in DeFuniak Springs.
      108 Smith Rd, Defuniak Springs, FL 32433
      View Details
    • $5,895,000
      42,240 SF

      Northwest Florida Multifamily Investment Opportunity

      Well-maintained, renovated 55-unit multifamily property in Northwest Florida.
      125 N Davis Ln, Defuniak Springs, FL 32433
      View Details
    • $135,000

      Overgrown Farm Property For Sale

      Neglected farm property with fenced pasture and abandoned barn.
      685 Pinewood Dr, Defuniak Springs, FL 32433
      View Details
    • $5,895,000

      Renovated Multifamily Investment Opportunity

      55-unit multifamily property with 95% occupancy in Northwest Florida.
      125 N Davis Ln, Defuniak Springs, FL 32433
      View Details
    • $275,000
      1,586 SF

      Prime Defuniak Springs Office Building

      Highly visible office, excellent location, great growth potential.
      10 S 4th street, Defuniak Springs, FL 32433
      View Details
    • $1,000,000
      9,300 SF

      Prime Retail Space, Hwy 90, FL

      9,300 SF Retail/Warehouse, High Visibility
      981 Us Highway 90, DeFuniak Springs, FL 32433
      View Details

    FAQs

    What type of property is this?
    Land - 4 acres of commercial land with highway frontage near I-10.
    Where is this land located?
    The property is located at 1368 Us Highway 331 Defuniak Springs, FL.
    What are key features of this property?
    This property features: - Zoned Commercial: Ideal for development or investment.; - Prime Location: 4\u00b1 acres in DeFuniak Springs, Walton County, Florida.; - High Visibility: Over 340\u00b1 feet of frontage on U.S. Highway 331.
    (850) 654-7777 Call to check price and availability
    Request Owner's contact information
    1368 Us Highway 331 Defuniak Springs, FL 32435
    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.
    1368 Us Highway 331
    Defuniak Springs, FL 32435
    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
    1368 Us Highway 331 Defuniak Springs, FL 32435
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Rachael Earley
    Rachael Earley
    (850) 654-7777
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!