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Property profile & analytics
FOR LEASE
Grocery and convenience stores
1030 Us Highway 331 Defuniak Springs, FL 32435
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-5944429
For Lease
1 / 2
$12 SF/Yr
1030 Us Highway 331, Defuniak Springs, FL 32435
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
50,162 SF
Lot
11.04 ac (480,859 SF)
Zoning code
3310
APN
34-3N-19-19000-036-0000
UPID
US18-5944429
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Stephanie Stephens Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.90M
Comparable Approach
Comparable
$7.74M
Blend (final)
Blend
$8.04M
Owner & transaction history
Fwi 40 LLC · 10 yrs held
Fwi 40 LLC
since 2015
7 recorded transactions
Zoning & alternative use
3310 · Defuniak Springs, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$6.0M
+29.3%
Office building
$5.8M
+24.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Defuniak Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Defuniak Springs submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,640,000
6.5%
$8,895,000
7%
$8,260,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,030,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$5,800,000
Change: +24% · Conversion: Easy
Blend value · Realmo final
$8.04M
Range $7.24M – $8.84M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$160 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$72,778
Tax year 2023
Assessed value
$6,459,222
Assessed 2023
Previous assessed
$5,830,734
+10.8% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,404,161
Assessed improvement
$5,055,061
Land market value
$1,404,161
Improvement market value
$5,055,061
Total market value
$6,459,222
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
1
Rooms
25
Bathrooms
14
Total area
50,162 SF
Lot
11.04 ac (480,859 SF)
Zoning code
3310
APN
34-3N-19-19000-036-0000
UPID
US18-5944429
Jurisdiction
WALTON
Zoning & alternative use
3310 · Defuniak Springs, FL
Zoning 3310 · permitted uses
3310 · Defuniak Springs, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Defuniak Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$6.0M
OFFICE BUILDING
Est. value
$5.8M
WAREHOUSE, STORAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Rooms
25
Bathrooms
14
Lot
11.04 ac
Current owner
From public records · entity-resolved
Fwi 40 LLC
Entity
Mailing address
197 8TH ST STE #800, BOSTON, MA 02129-4240
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2025
—
Fw140 LLC
—
Deed
related
$4,650,000 · Country Life Insurance Company
Aug 26, 2015
—
Fwi 40 LLC
Defuniak Square LLC
Quit Claim Deed
$4,700,000 · Cantor Com'l R/e Lndg
Feb 20, 2008
$4,750,000
Defuniak Square LLC
Defuniak Square Partners Ltd
Grant Deed
$3,800,000 · Regions Bk/fayette
Feb 20, 2008
—
Defuniak Square Partners Ltd
Valparaiso Realty
Quit Claim Deed
related
—
—
—
Defuniak Square LLC
—
Loan Modification
related
$4,520,000 · American Nat'l Bk
—
—
Defuniak Square LLC
—
Deed Of Trust
related
$2,650,000 · Regions Bank
—
—
Defuniak Square LLC
—
Deed Of Trust
related
$3,715,000 · Regions Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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