Updated Block Retail
7575 Us Highway 331 N Defuniak Springs, FL
7575 Us Highway 331 N, Defuniak Springs, FL, 00000
$149,500
For Sale
$149,500
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 Market407
Property Features for 7575 Us Highway 331 N
General Information
- Standard status
- Active
- Size
- 1,120 SF
Listing agency
Realty West
(850) 892-2663
Listed by
Joyce W Zaidi · License #446592
(850) 892-2663
Source
Exprealty
Added: Jun 12, 2025 Updated: Jul 22 at 6:27PM Checked: Jul 22 at 6:27PM
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
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
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.2k | $18.00 |
| − Vacancy | −$1.7k | −$1.53 |
| EGI | $18.4k | $16.47 |
| − OpEx | −$5.5k | −$4.94 |
| NOI | $12.9k | $11.53 |
1,120 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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Similar Off Market Nearby
- Soiree — 804 Baldwin Ave, Defuniak Springs, FL 32435
FAQs
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
