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Property profile & analytics
OFF-MARKET
Retail properties & Spaces
191 Nelson Ave Defuniak Springs, FL 32433-7301
Individually Owned
3-yr Hold
Free & Clear
Property ID
US18-0262505
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,848 SF
Lot
0.55 ac (23,871 SF)
Zoning code
HWY90
APN
25-3N-19-19070-000-7360
UPID
US18-0262505
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Theodore Lamar Locke · 3 yrs held
Theodore Lamar Locke
since 2022
Last sale
$240,000
6 recorded transactions
Zoning & alternative use
HWY90 · Defuniak Springs, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,745
Tax year 2023
Assessed value
$191,402
Assessed 2023
Previous assessed
$94,510
+102.5% YoY
Effective rate
0.91%
On assessed value
Assessed land
$159,178
Assessed improvement
$32,224
Land market value
$159,178
Improvement market value
$32,224
Total market value
$191,402
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CONVECTION
Cooling
WINDOW A/C
Buildings
2
Stories
1
Rooms
3
Bathrooms
1
Total area
3,848 SF
Lot
0.55 ac (23,871 SF)
Zoning code
HWY90
APN
25-3N-19-19070-000-7360
UPID
US18-0262505
Jurisdiction
WALTON
Zoning & alternative use
HWY90 · Defuniak Springs, FL
Zoning HWY90 · permitted uses
HWY90 · 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.
Building & site characteristics
From public records
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CONVECTION
Cooling
Yes
Stories
1
Buildings
2
Rooms
3
Bathrooms
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Theodore Lamar Locke
Individual
Free & Clear · 3 yrs held
Mailing address
1678 J D MILLER RD, SANTA ROSA BEACH, FL 32459-5452
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2022
—
Theodore Lamar Locke
Theodore Lamar Locke
Intrafamily Transfer
related
—
Sep 1, 2005
$240,000
Lamar Locke
Sailors,russell
Warranty Deed
—
Aug 25, 2005
—
Lamar Locke
Sailors,russell
Grant Deed
related
—
Dec 17, 2004
$105,000
Russell Sailors
Waldrup,charlie & Lanae
Warranty Deed
$84,000 · Beach Community Bank
Sep 30, 2004
—
Charlie Waldrup
Humphries,eddie
Warranty Deed
related
—
Oct 1, 1996
$70,000
Charlie Waldrup
Humphries,eddie
Grant Deed
$68,000 · Seller
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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