Updated Storefront Retail
For Sale
$149,500
7575 N US Highway 331, Defuniak Springs, FL 32433
Commercial for Sale, DeFuniak Springs, FL
Property Size1,120 SF
Lot Size0.52 Acres
Price / SF$133.48
Days on Market503
Property Features for 7575 N US Highway 331
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Directions
From the intersection of Hwy 90 W and 331 North, take Hwy 331 N appx. 7 miles and the building is on your left.
Subdivision
23 - North Walton County
Special listing conditions
In Foreclosure, Real Estate Owned
Standard status
Active
APN
26-4N-20-29000-025-0000
Lot size
0.52 Acres
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
COM SW/C OF NW1/4 OF NE1/4 SEC 26-4N-20W, S 87 DEG 42'46''E 217.85FT, N 00 DEG 00'00''E 34.29FT TO WLY ROW HWY 331, N 58 DEG 26'54''W ALG ROW 255.44 FT, S 00 DEG 00'00''W 159.26FT TO POB. OR 1070-263 OR 1368-32 OR 1643-99 OR 2247-203 OR 2716-803 OR 2906-547 OR 3083-535 OR 3098-4889 OR 3136-4409
Legal Description
COM SW/C OF NW1/4 OF NE1/4 SEC 26-4N-20W, S 87 DEG 42'46''E 217.85FT, N 00 DEG 00'00''E 34.29FT TO WLY ROW HWY 331, N 58 DEG 26'54''W ALG ROW 255.44 FT, S 00 DEG 00'00''W 159.26FT TO POB. OR 1070-263 OR 1368-32 OR 1643-99 OR 2247-203 OR 2716-803 OR 2906-547 OR 3083-535 OR 3098-4889 OR 3136-4409
Listing Agency:
Realty West
(850) 892-2663
Listed By:
Joyce W Zaidi · License #446592
(850) 585-3902
Added: Jun 12, 2025
Changed: Oct 26
Last Checked: Oct 27 at 4:06PM
MLS# 978616
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 storefront retail property includes a 1,120-square-foot block building on 0.52 acres. The structure has been updated within the last five years and is currently used as a florist, providing an established commercial use for the site.
The property is zoned Commercial and positioned at 7575 N US Highway 331 in DeFuniak Springs, Florida. An existing commercial renter contributes to the property's income-producing profile.
The property is zoned Commercial and positioned at 7575 N US Highway 331 in DeFuniak Springs, Florida. An existing commercial renter contributes to the property's income-producing profile.
Key Highlights
- 1,120‑square‑foot block building
- 0.52‑acre commercial property
- Updated within the last five years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,912
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,240
$258.2K
Cap Rate 7%
$184,457
$184.5K
Cap Rate 9%
$143,467
$143.5K
Market Conditions
NOI Build-Up for 1,120 SF
Gross rent
$20.2K $18.00/SF
− Vacancy
−$1.7K −$1.53/SF
EGI
$18.4K $16.47/SF
− OpEx
−$5.5K −$4.94/SF
NOI
$12.9K $11.53/SF
Area
Walton County, FL
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,240
Cap Rate 7%
$184,457
Cap Rate 9%
$143,467
Alternative Uses
Best Use
Retail
$184.5K
$161.4K – $215.2K
NOI $12,912 @ 7.0% cap · market cap 8.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$281.7K
$246.5K – $328.6K
NOI $19,716 @ 7.0% cap · market cap 13.19%
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
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32433, FL
18,036
Population
8,059
Households
2.2
Avg Household Size
40
Median Age
13%
College-Educated
83%
High-School Grad
251.3 sq mi
ZIP Area
72
Density / Sq Mi
$51,604
Median Household Income
$35,086
Median Earnings
$1,045
Median Rent
$152,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Country Cousins Florist & Gifts — 7575 US-331, Defuniak Springs, FL 32433
Frequently Asked Questions
What type of property is this?
Storefront property - Income-producing retail property with block construction, recent updates, and an existing commercial renter.
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: 1,120‑square‑foot block building; 0.52‑acre commercial property; Updated within the last five years
