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Property profile & analytics
FOR SALE
Warehouses
428 W Us Highway 90 Defuniak Springs, FL 32433
Entity Owned
11-yr Hold
Free & Clear
Property ID
US18-7279511
For Sale
1 / 17
$1,400,000
428 W Us Highway 90, Defuniak Springs, FL 32433
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,700 SF
Lot
6.62 ac (288,280 SF)
Zoning code
HWY90
APN
25-3N-19-19070-001-8320
UPID
US18-7279511
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
Blue Northern INC · 11 yrs held
Blue Northern INC
since 2014
7 recorded transactions
Zoning & alternative use
HWY90 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,822
Tax year 2023
Assessed value
$449,983
Assessed 2023
Previous assessed
$422,050
+6.6% YoY
Effective rate
1.07%
On assessed value
Assessed improvement
$449,983
Improvement market value
$449,983
Total market value
$449,983
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
For Sale
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Buildings
6
Stories
1
Bathrooms
1
Total area
2,700 SF
Lot
6.62 ac (288,280 SF)
Zoning code
HWY90
APN
25-3N-19-19070-001-8320
UPID
US18-7279511
Jurisdiction
WALTON
Zoning & alternative use
HWY90 · Defuniak Springs, FL
Zoning HWY90 · permitted uses
HWY90 · Defuniak Springs, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Defuniak Springs. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
6
Bathrooms
1
Lot
6.62 ac
Current owner
From public records · entity-resolved
Blue Northern INC
Entity
Free & Clear · 11 yrs held
Mailing address
PO BOX 289, DEFUNIAK SPRINGS, FL 32435-0289
Ownership since
2014
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 11, 2014
—
Blue Northern INC
Renasant Corp
Quit Claim Deed
related
—
Aug 11, 2014
$164,200
Blue Northern INC
Renasant Corp
Grant Deed
—
Dec 9, 2010
$996,500
Witt J C & B D Family Trust
Srygley,richard C
Warranty Deed
$588,000 · First Place Bank
Aug 26, 2009
—
Legacy Cove LLC
—
Trustees Deed
related
$691,715 · Merchants & Farmers Bank
Aug 3, 2009
$275,000
Richard C Srygley
Legacy Cove LLC
Warranty Deed
$680,000 · Chambers Bank
Jan 8, 2009
—
Legacy Cove LLC
—
Trustees Deed
related
$916,719 · Merchants & Farmers Bank
Feb 7, 2006
—
Legacy Cove LLC
Emerald Reef Ents LLC
Grant Deed
related
—
Jul 18, 2005
$230,000
Legacy Cove LLC
Emerald Reef Ents LLC
Quit Claim Deed
related
—
Dec 17, 2002
$305,000
Emerald Reef Enterprises LLC
Waller,bradley B & Margaret P
Grant Deed
$244,000 · Destin 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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