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 Market457
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
Real Estate Owned, In Foreclosure
Standard status
Active
APN
26-4N-20-29000-025-0000
Lot size
0.52 Acres
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: Sep 11
Last Checked: Sep 11 at 9:06PM
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,912
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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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
