Updated Block Retail
For Sale
$149,500
7575 Us Highway 331 N, Defuniak Springs, FL
Updated block building currently operating as a florist, offering space suited for a small business.
Property Size1,120 SF
Price / SF$133.48
Days on Market499
Property Features for 7575 Us Highway 331 N
General Information
Standard status
Active
Size
1,120 SF
Listing Agency:
Realty West
Listed By:
Joyce W Zaidi · License #446592
(850) 892-2663
Source:
Exprealty
Added: Jun 12, 2025
Changed: Oct 12
Last Checked: Oct 20 at 11:08PM
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
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Investment Insights
Based on property information with market context.
This retail storefront property is currently being used as a florist. The building is a 1,120 s.f. block structure that has been updated within the last five years, and it is presented as a turn-key option for a small business looking for existing retail use.
Located on U.S. Highway 331 N in the country, the property benefits from direct road presence along the highway corridor.
With its block construction and recent updates, the space is designed for day-to-day retail operations consistent with its current florist use.
Located on U.S. Highway 331 N in the country, the property benefits from direct road presence along the highway corridor.
With its block construction and recent updates, the space is designed for day-to-day retail operations consistent with its current florist use.
Key Highlights
- 1120 SF block building updated within the last five years
- Currently operating as a florist
- Updated space suited for a small business
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
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Current Use
Location Intelligence
Trade Area within ½ mile
379
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
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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
- Soiree — 804 Baldwin Ave, Defuniak Springs, FL 32435
Frequently Asked Questions
What type of property is this?
Storefront property - Updated block building currently operating as a florist, offering space suited for a small business.
Where is this storefront property located?
The property is located at 7575 Us Highway 331 N 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: 1120 SF block building updated within the last five years; Currently operating as a florist; Updated space suited for a small business
