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

    7575 N US Highway 331 Defuniak Springs, FL 32433

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $149,500

    Updated 1120 SF block building suitable for small business.

    Type:Commercial
    Lot size:
    0.52 Acres
    Added:
    Jun 12, 2025
    Days on Market:
    313
    Last Refresh:
    Apr 5 at 8:37 pm

    Property Features for 7575 N US Highway 331

    General Information

    Standard status
    Active
    Lot size
    0.52 Acres
    Property subtype
    Commercial

    We can help!

    Listing Contact
    JOYCE W ZAIDI
    JOYCE W ZAIDI

    Listing agent JOYCE W ZAIDI

    Listing office REALTY WEST

    Listing date Jun 12, 2025

    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

    Updated Retail Building For Sale

    This 1120 square foot block building is suitable for a small business. The building has been updated in the last five years and is currently being used as a florist. The property is located in a commercial area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Auto Repair Shop HVAC Service Florist

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

    Similar Places Nearby

    • Country Cousins Florist & Gifts — 7575 US-331, Defuniak Springs, FL 32433

    Location Insight

    • Map
    • Local Demand
    City
    Defuniak Springs
    County
    Walton
    State
    Florida
    Longitude
    -86.214
    Latitude
    30.8205

    Nearby Similar for Sale

    • $16
      16,645 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
    • $5,500,000

      High-Exposure Mixed-Use Property

      Mixed-use property with highway frontage and commercial zoning.
      59 Nina Street, Other Florida, FL 32433
      View Details
    • $124,900

      Florida Panhandle Ranch Ready

      5.4-acre ranch with improvements in DeFuniak Springs, Florida.
      248 Elmwood Road, DeFuniak Springs, FL 32433
      View Details
    • $135,000

      Overgrown Farm Property For Sale

      8.5-acre farm property with fenced pasture and abandoned barn.
      685 Pinewood Drive, DeFuniak Springs, FL 32433
      View Details
    • $649,000
      1,300 SF

      Income-Producing Commercial Property For Sale

      Well-located commercial property with long-term tenant and recent upgrades.
      873 US HWY 331, DeFuniak Springs, FL 32435
      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 Road, DeFuniak Springs, FL 32433
      View Details
    • $124,900

      Florida Panhandle Ranch Ready

      5.4-acre ranch with workshop, utilities, and spring-fed creek.
      248 Elmwood Road, DeFuniak Springs, FL 32433
      View Details
    • $900,000
      5,000 SF

      Free Standing Building For Sale

      5000 SF building with drive-thru and established parking.
      1026 S Us Highway 331, DeFuniak Springs, FL 32435
      View Details
    • $5,895,000
      42,000 SF

      Renovated Multifamily Investment Opportunity

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

      1,586 SF Highly Visible Office Building For Sale in Defuniak Springs

      1,586 SF office on corner lot with high visibility.
      10 S 4th street, Defuniak Springs, FL 32433
      View Details
    • $135,000

      Overgrown Farm Property For Sale

      Neglected farm property with fenced pasture and abandoned barn.
      685 Pinewood Drive, DeFuniak Springs, FL 32433
      View Details

    FAQs

    What type of property is this?
    Storefront property - Updated 1120 SF block building suitable for small business.
    Where is this storefront property located?
    The property is located at 7575 N US Highway 331 Defuniak Springs, FL.
    What is the asking price?
    The asking price for this property is $149,500.
    What are key features of this property?
    This property features: Great commercial location; Updated block building (1120 s.f.); Suitable for a small business
    (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!