37 Edgewood Cir Defuniak Springs, FL 32435
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
3310 · Defuniak Springs, FLDefuniak Springs. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.