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    1026 S Us Highway 331 Defuniak Springs, FL 32435
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    Property profile & analytics

    1026 S Us Highway 331, Defuniak Springs, FL 32435

    View on Map
    • Strip malls
    • 5,510 SF
    • 0.49 lot acres
    For Sale
    $900,000
    View Listing →
    Free Standing Building For Sale For Sale
    $900,000
    5,000 SF

    Free Standing Building For Sale

    5000 SF building with drive-thru and established parking.

    1026 S Us Highway 331, Defuniak Springs, FL 32435
    View Listing
    Property ID
    US18-5833298
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 1026 S Us Highway 331

    Year built
    1986
    Construction
    STEEL FRAME
    Lot size
    0.49 lot acres
    Zone code
    3310
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    34-3N-19-19000-036-0010
    APU
    343N19190000360010

    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
    Walton
    State
    Florida
    Longitude
    -86.1232
    Latitude
    30.708
    CBSA code
    18880
    CBSA name
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,868
    $93,874
    $188,417
    $282,291
    -
    $93,874
    $188,417
    $282,291

    Comparable in this City

    • Value Estimation by Request
      10,800 SF

      726 Us Hwy 331st S

      SHOPPING CENTER, STRIP CENTER
      726 Us Hwy 331st S, Defuniak Springs, FL 32435-3358
      View Details
    • Value Estimation
      $1,790,000
      126,076 SF

      135 Business Park Rd

      REGIONAL SHOPPING CENTER, MALL
      135 Business Park Rd, Defuniak Springs, FL 32435-3454
      View Details
    • Value Estimation by Request
      17,756 SF

      1310 Us Hwy 331st S

      MINI-MALL
      1310 Us Hwy 331st S, Defuniak Springs, FL 32435-3420
      View Details
    • Value Estimation by Request
      2,588 SF

      5520 Us Hwy 331st S

      MINI-MALL
      5520 Us Hwy 331st S, Defuniak Springs, FL 32435-8445
      View Details
    • Value Estimation
      $955,000
      48,394 SF

      1045 Us Hwy 331st S

      MINI-MALL
      1045 Us Hwy 331st S, Defuniak Springs, FL 32435-3379
      View Details
    • Value Estimation by Request
      1,883 SF

      1480 Us Hwy 331st S

      DRIVE-THRU RESTAURANT, FAST FOOD
      1480 Us Hwy 331st S, Defuniak Springs, FL 32435-3401
      View Details

    Similar Nearby for Sale

    • $950,000

      Highway Frontage Commercial Land Parcel

      4.15-acre commercial land with highway frontage, ideal for development.
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    • $1,200,000

      Welding Shop with Conversion Potential

      Operational welding shop convertible to other business or residential use.
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    • $900,000

      Free Standing Building For Sale

      5000 SF building with drive-thru and established parking.
      1026 S Us Highway 331, Defuniak Springs, FL 32435
      View Details
    • Contact for pricing
      2,300 SF

      New Development Del Taco Restaurant

      New Del Taco with 20-year NNN lease in Defuniak Springs.
      2760 Us Highway 331 S, Defuniak Springs, FL 32435
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    • $110,000

      Wooded Acreage Near Highway 331

      10-acre wooded parcel with creek, convenient highway access.
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    • Contact for pricing
      3,600 SF

      Industrial Land with Redevelopment Potential

      4.7-acre industrial land parcel with income and redevelopment potential.
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    Similar Nearby for Lease

    • Contact for pricing
      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
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space in Defuniak Springs

      Winn Dixie anchored shopping center in a retail corridor.
      1030 Us Highway 331 S, Defuniak Springs, FL 32435
      View Details
    • $900 /Mo
      560 SF

      Quaint Office Building Near Downtown

      Small office building near downtown DeFuniak Springs available for rent.
      245 W Live Oak Ave, Defuniak Springs, FL 32435
      View Details
    • $3,049 /Mo
      2,439 SF

      Historical District Restaurant/Retail Space

      Vintage space suitable for food, beverage, or retail venue.
      852 Baldwin Ave, Defuniak Springs, FL 32435
      View Details
    • $15 SF/Yr
      2,439 SF

      Prime Defuniak Springs Retail Space

      Historic District, 2,439 SF, NNN Lease
      852 Baldwin Ave, Defuniak Springs, FL 32435
      View Details
    • $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
      View Details
    View Listing
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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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    1026 S Us Highway 331, Defuniak Springs, FL, 32435
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