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Property profile & analytics
FOR SALE
Distribution centers

37 Edgewood Cir Defuniak Springs, FL 32435

3,360 SF 5.63 ac lot Built 1995
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US18-6167691
Property summary
AI-generated overview

This exceptional 3,600 square foot industrial property in Defuniak Springs, Florida, presents a compelling investment opportunity. Situated on a generous 4.7-acre lot in Walton County, this warehouse boasts a heavy industrial zoning designation, unlocking significant redevelopment potential. The existing structure includes 3,600 square feet of warehouse space, complemented by two offices, two bathrooms, and a mezzanine level. Access is facilitated by six drive-in doors and one dock-high door, enhancing operational efficiency. Currently, a portion of the site generates a substantial $60,000 annual ground lease income, providing immediate return on investment. The property's strategic location, just nine miles north of Freeport, Florida, offers convenient access to major transportation routes and a thriving regional economy. This combination of existing income, flexible zoning, and ample space makes this property an ideal choice for investors seeking a strong return and future growth opportunities. The asking price is $1,650,000. This is a rare chance to acquire a versatile industrial asset with significant upside in a rapidly developing area.

Property profile
Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 1995
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,360 SF
Lot 5.63 ac (245,243 SF)
Zoning code 3310
APN 35-2N-19-18000-001-0100
UPID US18-6167691
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
Lrw Properties LLC · 1 yrs held
Lrw Properties LLC
since 2024
Last sale
$1.3M
4 recorded transactions
2024
$1.3M
2017
Price N/A
2012
$275,000
2007
Price N/A
Zoning & alternative use
3310 · Defuniak Springs, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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