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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Office buildings
1424 Us Hwy 331st S Defuniak Springs, FL 32435-3401
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-6082084
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
FRAME
Total area
4,160 SF
Lot
0.77 ac (33,628 SF)
Zoning code
3310
APN
03-2N-19-18000-011-0010
UPID
US18-6082084
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
-
Dermatology Specialists of Florida Medical Clinic Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$750k
CAP Approach
CAP
$860k
Comparable Approach
Comparable
$750k
Blend (final)
Blend
$750k
Owner & transaction history
Hnmjts2021 PLLC · 1 yrs held
Hnmjts2021 PLLC
since 2024
Last sale
$750,000
5 recorded transactions
Zoning & alternative use
3310 · Defuniak Springs, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$500,000
+4.0%
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
$750,000
ML approach
$750,000
CAP Approach
CAP Return
Estimation
6%
$930,000
6.5%
$860,000
7%
$800,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$480,000
Current use
WAREHOUSE, STORAGE
$500,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $750k (Jul 23 2024)
Last sale anchor
$750k
Jul 23 2024
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
$180 / 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
Assessed value
$667,502
Assessed 2023
Previous assessed
$654,874
+1.9% YoY
Assessed land
$374,758
Assessed improvement
$292,744
Land market value
$374,758
Improvement market value
$292,744
Total market value
$667,502
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2000
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
17
Bathrooms
4
Total area
4,160 SF
Lot
0.77 ac (33,628 SF)
Zoning code
3310
APN
03-2N-19-18000-011-0010
UPID
US18-6082084
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
OFFICE BUILDING Current
Est. value
$480,000
WAREHOUSE, STORAGE
Est. value
$500,000
OFFICE BUILDING Current
WAREHOUSE, STORAGE
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
2000
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
17
Bathrooms
4
Lot
0.77 ac
Current owner
From public records · entity-resolved
Hnmjts2021 PLLC
Individual
Mailing address
403 E 11TH ST, PANAMA CITY BEACH, FL 32401-3409
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2024
$750,000
Hnmjts2021 PLLC
Pancare Of Florida INC
Warranty Deed
$625,000 · Newtek Bank NA
Jan 9, 2019
$265,000
Pancare Of Florida INC
Hayman,frank Coc
Trustees Deed
related
—
Mar 3, 2004
—
Frank O Hayman
Hayman,frank O
Quit Claim Deed
related
—
Nov 15, 1999
—
Frank Hayman
Hayman,frank
Quit Claim Deed
related
$472,250 · First National Bank & Trust Co
—
—
Frank O Hayman
—
Deed Of Trust
related
$476,986 · Bank Of America
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.
Try Rey
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