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Property profile & analytics
FOR SALE
Commercial land
24 W Orange Ave Defuniak Springs, FL 32435
Entity Owned
Property ID
US18-3981760
For Sale
1 / 7
$595,000
24 W Orange Ave, Defuniak Springs, FL 32435
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1925
Total area
3,254 SF
Lot
0.43 ac (18,687 SF)
Zoning code
3310
APN
25-3N-19-19070-001-8770
UPID
US18-3981760
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
$550k
CAP Approach
CAP
$465k
Comparable Approach
Comparable
$477k
Blend (final)
Blend
$550k
Owner & transaction history
Frh Holdings LLC
Frh Holdings LLC
since 2026
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
3310 · 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
Method
Estimation
Statistic approach
$550,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
$500,000
6.5%
$465,000
7%
$430,000
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $550k (Jul 23 2024)
Last sale anchor
$550k
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
$169 / 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
$1,302
Tax year 2023
Assessed value
$119,123
Assessed 2023
Previous assessed
$132,226
-9.9% YoY
Effective rate
1.09%
On assessed value
Assessed land
$119,123
Land market value
$119,123
Total market value
$119,123
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Year built
1925
Heating
YES
Cooling
WINDOW A/C
Stories
2
Rooms
3
Bathrooms
1
Total area
3,254 SF
Lot
0.43 ac (18,687 SF)
Zoning code
3310
APN
25-3N-19-19070-001-8770
UPID
US18-3981760
Jurisdiction
WALTON
Zoning & alternative use
3310 · Defuniak Springs, FLZoning 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
Building & site characteristics
From public records
Year built
1925
Heating
YES
Cooling
Yes
Stories
2
Rooms
3
Bathrooms
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Frh Holdings LLC
Entity
Mailing address
249 E MACK BYU DR #301, SANTA ROSA BEACH, FL 32459-3150
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2026
$478,200
Frh Holdings LLC
Bluefish Industries LLC
Warranty Deed
—
Jul 23, 2024
$550,000
Bluefish Industries LLC
Frh Holdings LLC
Warranty Deed
$495,000 · Frh Holdings LLC
Jul 23, 2024
—
Frh Holdings LLC
Thomas Scott Smith JR
Correction Deed
related
—
Apr 9, 2019
$139,900
Frh Holdings LLC
Smith Thomas S SR
Warranty Deed
$118,915 · Troy Bk&tr
Mar 4, 2016
—
Twenty Eight Red INC
Cowford Properties INC
Quit Claim Deed
related
—
Oct 22, 2015
—
Twenty Eight Red INC
Cowford Properties INC
Quit Claim Deed
related
—
Jun 20, 2002
$85,000
Twenty Eight Red INC
Low Cost Cars INC
Grant Deed
—
Sep 21, 2000
$130,000
Low Cost Cars INC
Du,sahn V & My T
Grant Deed
—
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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