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    Us Highway 331 DeFuniak Springs, FL 32435
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    Us Highway 331 DeFuniak Springs, FL 32435

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    • Land
    • 25.00 lot acres
    For Sale
    $2,499,000
    View Listing →
    Prime 25-Acre Commercial Land For Sale
    $2,499,000

    Prime 25-Acre Commercial Land

    DeFuniak Springs Development Opportunity

    0 Us Highway 331, Defuniak Springs, FL 32435
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Us Highway 331

    Lot size
    25.00 lot acres
    Property type
    Land

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    DeFuniak Springs
    County
    Florida
    State
    Florida
    Longitude
    -86.1148
    Latitude
    30.6399

    Comparable in this City

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      3.00 Acres

      1586 Us-331

      Land • 3.00 Acres
      1586 Us-331, DeFuniak Springs, FL 32435
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      7.74 Acres

      Us-331

      Land • 7.74 Acres
      0 Us-331, DeFuniak Springs, FL 32435
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    • Value Estimation by Request
      2.90 Acres

      Coy Burgess Loop

      Land • 2.90 Acres
      0 Coy Burgess Loop, DeFuniak Springs, FL 32435
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    • Value Estimation by Request
      4.30 Acres

      1368 Us-331

      Land • 4.30 Acres
      1368 Us-331, DeFuniak Springs, FL 32435
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    • Value Estimation by Request
      10.00 Acres

      331 Head Rd & Hwy

      Land • 10.00 Acres
      331 Head Rd & Hwy, Freeport, FL 32435
      View Details
    • Value Estimation by Request
      25.00 Acres

      Us-331

      Land • 25.00 Acres
      0 Us-331, DeFuniak Springs, FL 32435
      View Details

    Similar Nearby for Sale

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      Wooded Acreage Near Highway 331

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      Prime 25-Acre Commercial Land

      DeFuniak Springs Development Opportunity
      0 Us Highway 331, DeFuniak Springs, FL 32435
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    Similar Nearby for Lease

    • $13 SF/Yr
      30,000 SF

      Mossy Head Industrial Space

      Prime Florida industrial space for lease.
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      Industrial Property in Mossy Head

      Located in fastest growing county in Florida, Walton County.
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    • $16 SF/Yr
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      Medical Office Building Near Hospital

      Multi-tenant medical office building adjacent to the area hospital.
      4415 Us Highway 331, Defuniak Springs, FL 32435
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      3,556 SF

      Retail Space in Defuniak Springs

      Winn Dixie anchored shopping center in a prime retail corridor.
      1030 Us Highway 331, Defuniak Springs, FL 32435
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    • $16 SF/Yr
      1,680 SF

      Defuniak Springs Medical Office Suite 400

      1,680 SF Office Space for Lease in MOB
      4415 US Highway 331 S, Defuniak Springs, FL 32435
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    • Contact for pricing

      Medical Office Suites For Lease

      Move-in ready medical suites near North Walton County hospital.
      4415 Us Highway 331, Defuniak Springs, FL 32435
      View Details
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    DeFuniak Springs, FL 32435
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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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