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    857 Fl-20 Freeport, FL 32439
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    857 Fl-20, Freeport, FL 32439

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    • Lifestyle centers
    • 16,289 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 857 Fl-20

    Year built
    2023
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional 16,289 square foot shopping center in Freeport, Florida, presents a compelling investment opportunity. Built in 2023, the single-story plaza boasts a modern design and ample parking, strategically located approximately 1700 feet west of the intersection of Highways 331 and 20. The property features a strong tenant mix, including Pizza Hut and Tool Expo, with one vacant, readily adaptable space. The design optimizes traffic flow, providing convenient access to both the front and rear of each unit, including a separate rear warehouse currently occupied by Tool Expo. Excellent visibility and convenient ingress/egress further enhance the property's appeal. The asking price is $6,495,000, representing a price per square foot of $398.74 and a compelling 5.49% capitalization rate with a Net Operating Income (NOI) of $356,298. The property's APN is 14-1S-19-23000-012-0051. This is a prime retail investment in a rapidly growing market. Contact us for detailed financial information and to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Freeport
    County
    Walton
    State
    Florida
    Longitude
    -86.1236
    Latitude
    30.4922

    Comparable in this City

    • Value Estimation by Request
      10,490 SF

      15948 Us-331 Bus

      Lifestyle centers
      15948 Us-331 Bus, Freeport, FL 32439
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    • Value Estimation by Request
      4,992 SF

      119 State Hwy 20th W

      SHOPPING CENTER, STRIP CENTER
      119 State Hwy 20th W, Freeport, FL 32439-3815
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    • Value Estimation by Request
      11,556 SF

      16735 Us Hwy 331st S

      SHOPPING CENTER, STRIP CENTER
      16735 Us Hwy 331st S, Freeport, FL 32439-4179
      View Details
    • Value Estimation by Request
      8,448 SF

      863 State Hwy 20th E

      SHOPPING CENTER, STRIP CENTER
      863 State Hwy 20th E, Freeport, FL 32439
      View Details
    • Value Estimation by Request
      2,207 SF

      19228 Us-331

      Individual retail properties
      19228 Us-331, Freeport, FL 32439
      View Details
    • Value Estimation by Request
      5,354 SF

      17457 Us-331

      Day care centers
      17457 Us-331, Freeport, FL 32439
      View Details

    Similar Nearby for Sale

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      2,207 SF

      Freeport Land with Commercial Potential

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      19228 Us Highway 331, Freeport, FL 32439
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    • $1,150,000
      840 SF

      4515 State Highway 20, Freeport, FL 32439

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    • $239,000

      Freeport Development-Ready Residential/Commercial Lot

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      Walton County Land for Sale

      10 acres of land in Walton County, Florida.
      SW Off Bay Loop Co Hwy 83A Rd, Freeport, FL 32439
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    • $759,900
      39,204 SF

      Waterfront Lot in LaGrange Cove

      0.9-acre waterfront lot with 123 feet of frontage.
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    Similar Nearby for Lease

    • $43 SF/Yr

      Retail Space on US-331

      Retail space for lease in Freeport, FL, coming Spring 2026.
      Us Highway 331, Freeport, FL 32439
      View Details
    • $5,875 /Mo

      Retail Space on Highway 331

      Retail space available on Highway 331 in Freeport, Florida.
      17287 Us Highway 331, Freeport, FL 32439
      View Details
    • Contact for pricing
      4,890 SF

      Retail Space in Freeport

      Retail space available in a prime Freeport location.
      Us Highway 331, Freeport, FL 32439
      View Details
    • $5,875 /Mo
      3,000 SF

      Highway 331 Commercial Building

      3,000 SF building on 1.4 acres available for lease.
      17287 Us Highway 331, Freeport, FL 32439
      View Details
    • Contact for pricing

      40,000 SF Development Opportunity

      High-visibility commercial development with highway access in a growing market.
      20431 Us Highway 331, Freeport, FL 32439
      View Details
    • Contact for pricing

      New Retail/Flex Development in Freeport

      Class A retail/flex space available Q1 2026 in Freeport, Florida.
      331 331 Business, Freeport, FL 32439
      View Details
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    857 Fl-20
    Freeport, FL 32439
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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.

    More about this property
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    857 Fl-20, Freeport, FL, 32439
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