Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5441 Us Hwy 331st S Defuniak Springs, FL 32435-8467

    • Warehouses
    • 7,700 SF
    • 3.85 lot acres
    OFF-MARKET
    Value Estimations
    $985,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2957159
    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 5441 Us Hwy 331st S

    Year built
    2016
    Lot size
    3.85 lot acres
    Property size
    7,700 SF
    Zone code
    3310
    Property type
    Warehouses
    APN
    26-2N-19-18000-002-0030
    APU
    262N19180000020030

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,105,000
      6.5%
      $1,020,000
      7%
      $945,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,023,000
      Market price range: $424k - $1.41M
      AI Estimate
      $918,000
      Market price range: $301k - $1.21M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $925,000
      Current use
      OFFICE BUILDING
      $890,000
      Change: -4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Defuniak Springs
    County
    Walton
    State
    Florida
    Longitude
    -86.1128
    Latitude
    30.6451
    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
    $3,389
    $76,510
    $323,054
    $399,564
    -
    $76,510
    $323,054
    $399,564

    Comparable in this City

    • Value Estimation by Request
      1,152 SF

      498 Indian Crk Rnch Rd

      WAREHOUSE, STORAGE • 1,152 SF
      498 Indian Crk Rnch Rd, Defuniak Springs, FL 32435-8948
      View Details
    • Value Estimation by Request
      5,000 SF

      203 Live Oak W Ave

      WAREHOUSE, STORAGE • 5,000 SF
      203 Live Oak W Ave, Defuniak Springs, FL 32435-2338
      View Details
    • Value Estimation by Request
      1,813 SF

      663 2nd St

      WAREHOUSE, STORAGE • 1,813 SF
      663 2nd St, Defuniak Springs, FL 32435-2709
      View Details
    • Value Estimation by Request
      2,242 SF

      2374 County Hwy 280a

      WAREHOUSE, STORAGE • 2,242 SF
      2374 County Hwy 280a, Defuniak Springs, FL 32435-8920
      View Details
    • Value Estimation by Request
      672 SF

      104 Lee S Pl

      STORAGE YARD, OPEN STORAGE • 672 SF
      104 Lee S Pl, Defuniak Springs, FL 32435-7720
      View Details
    • Value Estimation by Request
      1,800 SF

      67 Fire Dept Ave

      WAREHOUSE, STORAGE • 1,800 SF
      67 Fire Dept Ave, Defuniak Springs, FL 32435-3868
      View Details

    Similar Nearby for Sale

    • $1,650,000
      3,600 SF

      Defuniak Springs Industrial Property

      Prime 3,600 SF Warehouse, Redevelopment Potential
      37 Edgewood Cir, DeFuniak Springs, FL 32435
      View Details
    • $1,200,000

      Operational Welding Shop For Sale

      Convertible building near beaches and Interstate 10.
      5263 Coy Burgess Loop, Defuniak Springs, FL 32435
      View Details
    • $2,499,000
      25.00 Acres

      Prime 25-Acre Commercial Land

      DeFuniak Springs Development Opportunity
      0 Us Highway 331, DeFuniak Springs, FL 32435
      View Details
    • $30,000

      Vacant Lot For Sale

      Vacant lot available for development or investment.
      866 W Orange Ave, Defuniak Springs, FL 32435
      View Details
    • $45,000

      Cleared Land Near Downtown

      Over half an acre of land near downtown DeFuniak Springs.
      338 Railroad St, Defuniak Springs, FL 32435
      View Details
    • $8,500,000

      100 Acre Development Opportunity

      100-acre mixed-use development opportunity in a high-growth market.
      Sparkleberry Parcels, Freeport, FL 32435
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      108,428 SF

      New Class A Distribution Warehouse

      Class A distribution/warehouse space available in Florida's Emerald Coast.
      1060 Mossy Head Plz Dr, Defuniak Springs, FL 32435
      View Details
    • $13 SF/Yr
      30,000 SF

      Mossy Head Industrial Space

      Prime Florida industrial space for lease.
      1060 Mossy Head Plaza Dr, Defuniak Springs, FL 32435
      View Details
    • $15 SF/Yr
      250,000 SF

      Emerald Coast Logistics Center

      Prime Florida industrial space for lease.
      1060 mossy head plaza drive, Defuniak Springs, FL 32435
      View Details
    • Contact for pricing
      553,200 SF

      Emerald Coast Logistics Center

      Modern Distribution Space in Defuniak Springs, FL
      1060 Mossy Head Plaza Dr, DeFuniak Springs, FL 32435
      View Details
    • $15 SF/Yr
      2,439 SF

      Prime Defuniak Springs Retail Space

      Historic District, 2,439 SF, NNN Lease
      852 Baldwin Ave, Defuniak Springs, FL 32435
      View Details
    • $16 SF/Yr
      3,414 SF

      Prime Defuniak Springs Medical Office Space

      3,414 SF medical office suite available for lease.
      4415 US Highway 331 S, Defuniak Springs, FL 32435
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5441 Us Hwy 331st S
    Defuniak Springs, FL 32435-8467
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.