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    37 Edgewood Cir DeFuniak Springs, FL 32435

    For Sale
    $1,650,000

    Prime 3,600 SF Warehouse, Redevelopment Potential

    Property size:
    3,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 3,600 square foot industrial property in Defuniak Springs, Florida, presents a compelling investment opportunity. Situated on a generous 4.7-acre lot in Walton County, this warehouse boasts a heavy industrial zoning designation, unlocking significant redevelopment potential. The existing structure includes 3,600 square feet of warehouse space, complemented by two offices, two bathrooms, and a mezzanine level. Access is facilitated by six drive-in doors and one dock-high door, enhancing operational efficiency. Currently, a portion of the site generates a substantial $60,000 annual ground lease income, providing immediate return on investment. The property's strategic location, just nine miles north of Freeport, Florida, offers convenient access to major transportation routes and a thriving regional economy. This combination of existing income, flexible zoning, and ample space makes this property an ideal choice for investors seeking a strong return and future growth opportunities. The asking price is $1,650,000. This is a rare chance to acquire a versatile industrial asset with significant upside in a rapidly developing area.

    Property Features for 37 Edgewood Cir

    General Information

    Property type
    Distribution properties
    Square Feet
    3,600 SF
    Lot Size
    204,732 SF

    HighLights

    • 3,600 SF industrial building with 2 offices, 2 bathrooms, and mezzanine.
    • 9 miles north of Freeport, FL.
    • Heavy Industrial zoning, Walton County.
    • Excellent redevelopment potential.
    • $60,000 annual ground lease income.
    • Six drive‑in doors and one dock‑high door.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Auto Repair Shop Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    DeFuniak Springs
    County
    Walton
    State
    Florida
    Longitude
    -86.115579
    Latitude
    30.626041

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    FAQs

    What type of property is this?
    Distribution property - Prime 3,600 SF Warehouse, Redevelopment Potential
    Where is this distribution property located?
    The property is located at 37 Edgewood Cir DeFuniak Springs, FL.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: 3,600 SF industrial building with 2 offices, 2 bathrooms, and mezzanine.; 9 miles north of Freeport, FL.; Heavy Industrial zoning, Walton County.
    Request Owner's contact information
    37 Edgewood Cir DeFuniak Springs, FL 32435
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    DeFuniak Springs, FL 32435
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    Realmo Value Estimation

    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.

    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.

    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
    37 Edgewood Cir DeFuniak Springs, FL 32435
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