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Property profile & analytics
FOR LEASE
Office buildings
4415 Us Highway 331 Defuniak Springs, FL 32433
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-4309612
For Lease
1 / 17
$16 SF/Yr
4415 Us Highway 331, Defuniak Springs, FL 32433
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,751 SF
Lot
1.91 ac (83,200 SF)
APN
23-2N-19-18000-004-0040
UPID
US18-4309612
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
Current use
Occupant on record · Public records
-
Healthmark Rural Health Clinic Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.87M
Blend (final)
Blend
$2.24M
Owner & transaction history
North Walton Healthcare Mob LLC · 1 yrs held
North Walton Healthcare Mob LLC
since 2025
Last sale
$2.3M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$2.1M
+4.0%
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
$2,235,000
ML approach
$2,130,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,050,000
Current use
WAREHOUSE, STORAGE
$2,135,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$1,650,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$2.24M
Range $2.02M – $2.46M · ±10% · vs last sale $2.29M (Feb 18 2025)
Last sale anchor
$2.29M
Feb 18 2025
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
$126 / 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
$9,991
Tax year 2023
Assessed value
$1,035,842
Assessed 2023
Previous assessed
$1,035,842
+0.0% YoY
Effective rate
0.96%
On assessed value
Assessed land
$48,793
Assessed improvement
$987,049
Land market value
$48,793
Improvement market value
$987,049
Total market value
$1,035,842
Applied tax rate
9.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
36
Bathrooms
14
Total area
17,751 SF
Lot
1.91 ac (83,200 SF)
APN
23-2N-19-18000-004-0040
UPID
US18-4309612
Jurisdiction
WALTON
Zoning & alternative use
Zoning · permitted uses
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
OFFICE BUILDING Current
Est. value
$2.1M
WAREHOUSE, STORAGE
Est. value
$2.1M
RETAIL STORES
Est. value
$1.7M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
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
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
36
Bathrooms
14
Lot
1.91 ac
Current owner
From public records · entity-resolved
North Walton Healthcare Mob LLC
Entity
Free & Clear · 1 yrs held
Mailing address
4413 US HWY 331ST S, DEFUNIAK SPRINGS, FL 32435-6307
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2025
$2,293,573
North Walton Healthcare Mob LLC
North Walton Healthcare Campus LLC
Deed
related
—
Feb 18, 2025
$2,293,573
North Walton Healthcare Mob LLC
North Walton Healthcare Campus LLC
Warranty Deed
—
Jul 15, 2024
—
North Walton Healthcare Campus LLC
—
Deed
related
$6,407,602 · Yellowfin Capital Management LLC
Nov 22, 2023
—
North Walton Healthcare Campus LLC
—
Deed
related
$6,407,602 · Yellowfin Capital Management LLC
Aug 18, 2023
$10,000,000
North Walton Healthcare Campus LLC
James H Thompson
Special Warranty Deed
$6,407,602 · James H Thompson
Jun 17, 2021
—
Healthmark Corporation
J T M T Lllp
Correction Deed
related
$1,782,000 · Peoples National 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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