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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1225 Us Hwy 331st S Defuniak Springs, FL 32435-3398

    • Office buildings
    • 4,056 SF
    • 0.54 lot acres
    OFF-MARKET
    Last Sale
    Oct 07, 2020
    Value Estimations
    $500,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2977408
    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.

    Current Use by Public Records

    • Office buildings

    Property Details for 1225 Us Hwy 331st S

    Year built
    1988
    Construction
    FRAME
    Lot size
    0.54 lot acres
    Property size
    4,056 SF
    Zone code
    3310
    Property type
    Office buildings
    APN
    02-2N-19-18000-037-0000
    APU
    022N19180000370000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $466,000
      Market price range: $285k - $731k
      AI Estimate
      $434,000
      Market price range: $187k - $645k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $470,000
      Current use
      WAREHOUSE, STORAGE
      $490,000
      Change: +4% Conversion: Difficult
      RETAIL STORES
      $375,000
      Change: -20% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Defuniak Springs
    County
    Walton
    State
    Florida
    Longitude
    -86.1221
    Latitude
    30.7044
    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
    $3,576
    $154,834
    $103,969
    $258,803
    -
    $154,834
    $103,969
    $258,803

    Comparable in this City

    • Value Estimation by Request
      1,581 SF

      672 Baldwin Ave

      OFFICE BUILDING • 1,581 SF
      672 Baldwin Ave, Defuniak Springs, FL 32435-2596
      View Details
    • Value Estimation by Request
      4,525 SF

      776 Baldwin Ave

      OFFICE BUILDING • 4,525 SF
      776 Baldwin Ave, Defuniak Springs, FL 32435-1700
      View Details
    • Value Estimation by Request
      2,749 SF

      640 Baldwin Ave

      OFFICE BUILDING • 2,749 SF
      640 Baldwin Ave, Defuniak Springs, FL 32435-2593
      View Details
    • Value Estimation
      $2,745,000
      25,602 SF

      75 Davis Ln

      OFFICE BUILDING • 25,602 SF
      75 Davis Ln, Defuniak Springs, FL 32435-2901
      View Details
    • Value Estimation
      $1,485,000
      8,147 SF

      7363 Us Hwy 331st S

      OFFICE BUILDING • 8,147 SF
      7363 Us Hwy 331st S, Defuniak Springs, FL 32435-8479
      View Details
    • Value Estimation by Request
      1,083 SF

      14 9th St

      OFFICE BUILDING • 1,083 SF
      14 9th St, Defuniak Springs, FL 32435-1731
      View Details

    Similar Nearby for Sale

    • $2,499,000
      25.00 Acres

      Prime 25-Acre Commercial Land

      DeFuniak Springs Development Opportunity
      0 Us Highway 331, DeFuniak Springs, FL 32435
      View Details
    • $30,000

      Vacant Lot For Sale

      Vacant lot available for development or investment.
      866 W Orange Ave, Defuniak Springs, FL 32435
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    • $45,000

      Cleared Land Near Downtown

      Over half an acre of land near downtown DeFuniak Springs.
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    • $8,500,000

      100 Acre Development Opportunity

      100-acre mixed-use development opportunity in a high-growth market.
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    • $5,000,000

      Highway 331 Land For Sale

      10 acres on Highway 331, development opportunity.
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    • $3,230,000
      2,300 SF

      New Development Del Taco Restaurant

      New Del Taco with 20-year NNN lease in Defuniak Springs.
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    Similar Nearby for Lease

    • $16 SF/Yr
      1,680 SF

      Defuniak Springs Medical Office Suite 400

      1,680 SF Office Space for Lease in MOB
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    • $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
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    • $16 SF/Yr
      3,414 SF

      Prime Defuniak Springs Medical Office Space

      3,414 SF medical office suite available for lease.
      4415 US Highway 331 S, Defuniak Springs, FL 32435
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    • $16 SF/Yr
      17,751 SF

      Medical Office Building Near Hospital

      Multi-tenant medical office building adjacent to the area hospital.
      4415 Us-331, Defuniak Springs, FL 32435
      View Details
    • $16 SF/Yr

      Medical Suite in DeFuniak Springs

      Medical suite in multi-tenant building near hospital and I-10.
      4415 Us Highway 331 S, Defuniak Springs, FL 32435
      View Details
    • $15 SF/Yr
      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
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    Defuniak Springs, FL 32435-3398
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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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