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Property profile & analytics
OFF-MARKET
Estimated value
$2,995,000
Office buildings
328 Grn Acres Dr Defuniak Springs, FL 32435-5701
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5863698
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1996
Construction
STEEL FRAME
Total area
16,444 SF
Lot
20.13 ac (876,863 SF)
APN
29-3N-21-37000-005-0000
UPID
US18-5863698
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
-
Airstream Car Dealership
-
Great American RV SuperStores DeFuniak Springs FL Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.40M
Comparable Approach
Comparable
$2.96M
Blend (final)
Blend
$3.00M
Owner & transaction history
Another Weekend LLC · 15 yrs held
Another Weekend LLC
since 2011
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.9M
+157.1%
Warehouse, storage
$2.0M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,685,000
6.5%
$3,400,000
7%
$3,155,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,900,000
Current use
RESTAURANT
$4,885,000
Change: +157% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,980,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$3.00M
Range $2.70M – $3.29M · ±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
$182 / 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
$26,456
Tax year 2023
Assessed value
$3,526,503
Assessed 2023
Previous assessed
$2,121,515
+66.2% YoY
Effective rate
0.75%
On assessed value
Assessed land
$443,826
Assessed improvement
$3,082,677
Land market value
$443,826
Improvement market value
$3,082,677
Total market value
$3,526,503
Applied tax rate
5.0000
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
1996
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
2
Rooms
54
Bathrooms
3
Total area
16,444 SF
Lot
20.13 ac (876,863 SF)
APN
29-3N-21-37000-005-0000
UPID
US18-5863698
Jurisdiction
WALTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.9M
RESTAURANT
Est. value
$4.9M
WAREHOUSE, STORAGE
Est. value
$2.0M
OFFICE BUILDING Current
RESTAURANT
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
1996
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
3
Rooms
54
Bathrooms
3
Lot
20.13 ac
Current owner
From public records · entity-resolved
Another Weekend LLC
Entity
Mailing address
10241 DESTINATION DR, HAMMOND, LA 70403-1715
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2018
—
Another Weekend LLC
—
Deed
related
—
Jan 4, 2011
$2,655,300
Another Weekend LLC
I10 285 LLC
Grant Deed
$3,360,000 · Hancock Bank Of Louisiana
Nov 30, 2009
$1,650,000
I10 At 285 LLC
Bop Properties INC
Grant Deed
$1,402,500 · Coastal Bank & Trust
Aug 11, 2009
—
Coastal Bk & Trust Of Fl
Mccombs Ents LLC Coc
Trustees Deed
related
—
Jun 1, 2009
—
Bop Properties INC
Mccombs Ents LLC Coc
Trustees Deed
related
—
Aug 3, 2004
$4,300,000
Mccombs Ents LLC
D/h Oil & Gas
Warranty Deed
$2,000,000 · Bank Of Pensacola
Jul 26, 2004
—
D & H Oil & Gas Co
Wright,roger H
Warranty Deed
related
—
—
—
Another Weekend LLC
—
Deed Of Trust
related
$2,951,431 · Iberiabank
—
—
Another Weekend LLC
—
Deed Of Trust
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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