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    Retail Space on US-331 Title is generated by Realmo AI

    US Highway 331, Freeport, FL 32439

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    For Lease
    $43 SF/Yr $5,647/Mo (calc)

    Retail space for lease in Freeport, FL, coming Spring 2026.

    Type:Retail
    Property size:
    1,576 SF
    Added:
    Nov 21, 2025
    Days on Market:
    186
    Last Refresh:
    May 8 at 11:29 pm

    Property Features for US Highway 331

    General Information

    Standard status
    Active
    Size
    1,576 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2025

    Spaces For Lease

    at US Highway 331 Contact us

    We can help!

    Listing Contact
    Harry Bell Jr.
    Harry Bell Jr.

    Listing agent Harry Bell Jr. License #AL #000078384-1

    Listing office Bellcore Commercial LLC

    Listing date Nov 21, 2025

    Source Bellcorecommercial

    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 Bellcore Commercial LLC

    HighLights

    • Prime location on heavily trafficked US Hwy 331 (25,000 VPD) in Freeport, FL.
    • Situated between Verizon and Dunkin Donuts, next to national retailers such as Publix, McDonald’s, and more.
    • Located in Walton County, a strong economy supported by over 4 million visitors annually.
    • Proximity to the destination beaches of Florida’s Emerald Coast, restaurants, and entertainment.
    • New construction (Year Built: 2025) with retail space available Spring 2026.
    • Located off US‑331, which spans 150 miles from Santa Rosa Beach, FL, to Montgomery, AL.

    Overview

    Retail space is coming soon to Freeport, Florida, in a prime location situated between a Verizon and a Dunkin Donuts. The development is located off US-331, which has a daily traffic count of 25,000 vehicles. US-331 spans 150 miles from Santa Rosa Beach, Florida, to Montgomery, Alabama. The site is an excellent location for retail development, being situated next to national retailers and businesses such as Publix, McDonald’s, Waffle House, Dairy Queen, FedEx, UPS, Subway, Exxon, Shell, and many more. The space will be available in Spring 2026. The property offers approximately 1576 square feet of space along US Highway 331. Walton County is in the North Florida Panhandle approximately 55 miles east of the City of Pensacola and 100 miles west of The City of Tallahassee. The site is near the destination beaches of Florida’s Emerald Coast, restaurants, and entertainment. Walton County has a strong economy supported by over 4 million visitors and an estimated $4.4 billion in sales volume annually within the trade area. Major employers in the area include Okaloosa County School District, Walton County School Board, Fort Walton Beach Medical Center, Lockheed Martin, Walton County Government, San Destin Golf and Beach Resort, Reliance Test & Technology, Okaloosa Board of County Commissioners, North Okaloosa Medical Center, and L3 Crestview Aerospace.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Freeport
    County
    Walton
    State
    Florida
    Longitude
    -86.1078
    Latitude
    30.5632

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    FAQs

    What type of property is this?
    Retail space - Retail space for lease in Freeport, FL, coming Spring 2026.
    Where is this retail space located?
    The property is located at US Highway 331 Freeport, FL.
    What is the lease rate?
    The lease rate is $43 SF/Yr.
    What are key features of this property?
    This property features: Prime location on heavily trafficked US Hwy 331 (25,000 VPD) in Freeport, FL.; Situated between Verizon and Dunkin Donuts, next to national retailers such as Publix, McDonald’s, and more.; Located in Walton County, a strong economy supported by over 4 million visitors annually.
    (850) 240-0527
    We can help!
    Listing Contact
    Harry Bell Jr.
    Harry Bell Jr.
    Real Estate License ID: AL #000078384-1
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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