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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4319 Us Hwy 331st N Defuniak Springs, FL 32433

    • Warehouses
    • 4,000 SF
    • 5.41 lot acres
    OFF-MARKET
    Last Sale
    May 20, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5028364
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 4319 Us Hwy 331st N

    Year built
    1988
    Construction
    STEEL FRAME
    Lot size
    5.41 lot acres
    Property size
    4,000 SF
    Zone code
    3310
    Property type
    Warehouses
    APN
    23-2N-19-18000-004-0030
    APU
    232N19180000040030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Defuniak Springs
    County
    Walton
    State
    Florida
    Longitude
    -86.1178
    Latitude
    30.6611
    CBSA code
    18880
    CBSA name
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $946
    $77,394
    $38,853
    $116,247
    -
    $77,394
    $38,853
    $116,247

    Comparable in this City

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      3,600 SF

      1316 Brown Rd

      WAREHOUSE, STORAGE • 3,600 SF
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    • Value Estimation by Request
      5,000 SF

      4770 County Hwy 1087

      WAREHOUSE, STORAGE • 5,000 SF
      4770 County Hwy 1087, Defuniak Springs, FL 32433-6184
      View Details
    • Value Estimation by Request
      1,350 SF

      11006 Us Hwy 90th W

      WAREHOUSE, STORAGE • 1,350 SF
      11006 Us Hwy 90th W, Defuniak Springs, FL 32433
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    • Value Estimation by Request
      1,444 SF

      Us Hwy 90

      WAREHOUSE, STORAGE • 1,444 SF
      Us Hwy 90, Defuniak Springs, FL 32433
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    • Value Estimation by Request
      2,640 SF

      2524 State Hwy 83

      WAREHOUSE, STORAGE • 2,640 SF
      2524 State Hwy 83, Defuniak Springs, FL 32433-3946
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    • Value Estimation by Request
      2,248 SF

      14063 Us Hwy 331st N

      WAREHOUSE, STORAGE • 2,248 SF
      14063 Us Hwy 331st N, Defuniak Springs, FL 32433
      View Details

    Similar Nearby for Sale

    • $897,000

      Prime Land Parcel with Warehouse

      5-acre parcel with warehouse, high visibility, development potential.
      4319 S Us Highway 331, Defuniak Springs, FL 32433
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    • $380,000

      9,000 SF Industrial Building

      Industrial building in high-traffic DeFuniak Springs, Florida.
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    • $1,400,000

      Industrial Land on Highway 90

      6-acre industrial property with highway frontage and diverse buildings.
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    • $3,200,000
      42.00 Acres

      Florida Equestrian Ranch Opportunity

      42-Acre Horse Ranch w/ Home & Facilities
      5676 Defuniak Spg, DeFuniak Springs, FL 32433
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    • $119,900
      Pending

      10 Acres in Defuniak Springs

      10-acre lot near beaches, hunting preserve, and airport.
      Brown St, Defuniak Springs, FL 32433
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    • $69,999

      Walton County Vacant Land Opportunity

      2.31-acre vacant lot in growing community with public water.
      1099 Co Hwy, Defuniak Springs, FL 32433
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    Similar Nearby for Lease

    • $7,615 /Mo
      9,620 SF

      West DeFuniak Springs Building

      9,620 SF building in Walton County, FL for lease.
      10724 Us Highway 90, Defuniak Springs, FL 32433
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    • $5,000 /Mo

      Warehouse Space Near Distribution Hubs

      5,000 SF warehouse near I-10, FedEx, and Amazon.
      15000 Us Highway 90, Defuniak Springs, FL 32433
      View Details
    • Contact for pricing
      30,000 SF

      Mossy Head Plaza: Prime Distribution Space

      Modern Distribution Center, DeFuniak Springs, FL
      0 Mossy Head Plaza Dr, DeFuniak Springs, FL 32433
      View Details
    • $15 SF/Yr
      4,000 SF

      Highway 90 Commercial Opportunity

      4,000 SF building suitable for showroom, banquet hall, gallery.
      47 Dr Roberts Dr, Defuniak Springs, FL 32433
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    • $7,615 /Mo

      9,620 SF Building in Walton

      9,620 SF building on 1.43 acres in West DeFuniak Springs.
      10724 Us Highway 90 W, Defuniak Springs, FL 32433
      View Details
    • $3,500 /Mo
      1,125 SF

      DeFuniak Springs Office For Rent

      Office building for lease with highway frontage and ample parking.
      20 Shoemaker Dr, Defuniak Springs, FL 32433
      View Details
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    Defuniak Springs, FL 32433
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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