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

    618 Nelson Ave Defuniak Springs, FL 32433-1915

    • Automotive properties
    • 7,200 SF
    • 0.16 lot acres
    OFF-MARKET
    Last Sale
    Dec 18, 2020
    Value Estimations
    $300,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-7264144
    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

    • Automotive properties

    Property Details for 618 Nelson Ave

    Year built
    1964
    Construction
    STEEL FRAME
    Lot size
    0.16 lot acres
    Property size
    7,200 SF
    Property type
    Automotive properties
    APN
    25-3N-19-19070-000-9580
    APU
    253N19190700009580

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $300,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $301,000
      Market price range: $302k - $1.36M

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

    Location Insight

    • Map
    • Local Demand
    City
    Defuniak Springs
    County
    Walton
    State
    Florida
    Longitude
    -86.1105
    Latitude
    30.7207
    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
    $1,733
    $89,250
    $80,359
    $169,609
    -
    $89,250
    $80,359
    $169,609

    Comparable in this City

    • Value Estimation
      $275,000
      900 SF

      1195 Us Hwy 90th W

      VEHICLE SALES, RENTALS • 900 SF
      1195 Us Hwy 90th W, Defuniak Springs, FL 32433-1468
      View Details
    • Value Estimation
      $200,000
      0.20 Acres

      7th N St

      VEHICLE SALES, RENTALS • 0.20 Acres
      7th N St, Defuniak Springs, FL 32433
      View Details
    • Value Estimation
      $300,000
      5,580 SF

      829 Us Hwy 90th W

      VEHICLE SALES, RENTALS • 5,580 SF
      829 Us Hwy 90th W, Defuniak Springs, FL 32433-1456
      View Details
    • Value Estimation
      $270,000
      2,688 SF

      3289 State Hwy 83

      VEHICLE SALES, RENTALS • 2,688 SF
      3289 State Hwy 83, Defuniak Springs, FL 32433-5965
      View Details
    • Value Estimation
      $295,000
      784 SF

      10750 Us Hwy 90th W

      VEHICLE SALES, RENTALS • 784 SF
      10750 Us Hwy 90th W, Defuniak Springs, FL 32433-7919
      View Details
    • Value Estimation
      $285,000
      1,500 SF

      354 Us Hwy 90th W

      VEHICLE SALES, RENTALS • 1,500 SF
      354 Us Hwy 90th W, Defuniak Springs, FL 32433-1570
      View Details

    Similar Nearby for Sale

    • $600,000

      Turnkey Auto Repair and Towing

      Thriving auto repair and towing business in prime location.
      354 W Us Highway 90, Defuniak Springs, FL 32433
      View Details
    • $5,500,000
      0.97 Acres

      High-Exposure Mixed-Use Property

      Mixed-use property with highway frontage and commercial zoning.
      59 Nina St, Defuniak Springs, FL 32433
      View Details
    • $159,500

      Updated Retail Building For Sale

      Updated 1120 SF block building suitable for small business.
      7575 N Us Highway 331, Defuniak Springs, FL 32433
      View Details
    • $139,000

      Retail Property in Defuniak Springs

      Retail property for sale in Defuniak Springs, Florida.
      544 State Highway 83, Defuniak Springs, FL 32433
      View Details
    • $499,500

      Commercial Building with Rental Potential

      3344 SF commercial building suitable for various business uses.
      81 Fl-83, Defuniak Springs, FL 32433
      View Details
    • $99,999

      Restaurant Opportunity on Highway 90

      Commercial restaurant property with equipment included, fronting Hwy 90.
      7700 Us Highway 90, Defuniak Springs, FL 32433
      View Details

    Similar Nearby for Lease

    • $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
      View Details
    • $2,522,400

      New Dollar General Market Store

      New Dollar General Market in DeFuniak Springs, Florida.
      17444 State Highway 83, 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
    • $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
    • $1,500 /Mo
      1,000 SF

      DeFuniak Springs Office Space

      1000 SF office space in a prime commercial location.
      81 State Highway 83, Defuniak Springs, FL 32433
      View Details
    • $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
    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.
    618 Nelson Ave
    Defuniak Springs, FL 32433-1915
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.