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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Retail properties & Spaces
331 Sue Ln Defuniak Springs, FL 32435
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-6074835
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
2021
Total area
4,250 SF
Lot
13.11 ac (571,028 SF)
Zoning code
3310
APN
34-3N-19-19000-028-0010
UPID
US18-6074835
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
$575k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$560k
Owner & transaction history
Tenet Coastal Partners INC · 5 yrs held
Tenet Coastal Partners INC
since 2020
Last sale
$550,000
5 recorded transactions
Zoning & alternative use
3310 · Defuniak Springs, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$675,000
+172.5%
Warehouse, storage
$460,000
+85.9%
Office building
$455,000
+85.1%
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
$720,000
ML approach
$575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$675,000
Change: +173% · Conversion: Difficult
WAREHOUSE, STORAGE
$460,000
Change: +86% · Conversion: Difficult
OFFICE BUILDING
$455,000
Change: +85% · Conversion: Difficult
AUTO REPAIR, GARAGE
$440,000
Change: +79% · Conversion: Difficult
RETAIL STORES
$425,000
Change: +73% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±10% · vs last sale $550k (Sep 22 2020)
Last sale anchor
$550k
Sep 22 2020
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
$132 / 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
$12,483
Tax year 2023
Assessed value
$1,062,218
Assessed 2023
Previous assessed
$1,087,022
-2.3% YoY
Effective rate
1.18%
On assessed value
Assessed land
$750,359
Assessed improvement
$311,859
Land market value
$750,359
Improvement market value
$311,859
Total market value
$1,062,218
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
2021
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
4,250 SF
Lot
13.11 ac (571,028 SF)
Zoning code
3310
APN
34-3N-19-19000-028-0010
UPID
US18-6074835
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$675,000
WAREHOUSE, STORAGE
Est. value
$460,000
OFFICE BUILDING
Est. value
$455,000
AUTO REPAIR, GARAGE
Est. value
$440,000
RETAIL STORES
Est. value
$425,000
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
2021
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
13.11 ac
Current owner
From public records · entity-resolved
Tenet Coastal Partners INC
Entity
Mailing address
2898 HORACE SHEPARD DR, DOTHAN, AL 36303-1007
Ownership since
2020
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
Sep 22, 2020
$550,000
Tenet Coastal Partners INC
Geraldine S Demarco
Warranty Deed
—
Feb 2, 2018
—
Demarco,marsicano Living Trust
Demarco,geraldine S
Quit Claim Deed
related
—
Aug 23, 2005
—
Geraldine S Demarco
Marsicano,michael G
Quit Claim Deed
related
—
Mar 26, 2003
$250,000
Marsicano,michael G Tr
Doctors Medical Center Of Walt
Grant Deed
—
Dec 1, 2000
$254,000
Doctors Medical Center
Trent,cornelia
Grant Deed
$230,000 · Regions Bank
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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