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Property profile & analytics
OFF-MARKET
Estimated value
$1,870,000
Drive through restaurants
622 Hugh Adams Rd Defuniak Springs, FL 32435-3435
Entity Owned
~
Est. High Equity
Property ID
US18-8478459
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2022
Construction
FRAME
Total area
2,568 SF
Lot
0.62 ac (27,007 SF)
Zoning code
3310
APN
02-2N-19-18000-046-0010
UPID
US18-8478459
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
-
Starbucks Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.87M
Owner & transaction history
Agree Central LLC
Agree Central LLC
since 2025
Last sale
$1.8M
5 recorded transactions
Zoning & alternative use
3310 · 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
Method
Estimation
Statistic approach
$2,270,000
ML approach
$2,270,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.87M
Range $1.68M – $2.06M · ±10% · vs last sale $1.77M (Oct 27 2025)
Last sale anchor
$1.77M
Oct 27 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
$728 / 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
$23,568
Tax year 2023
Assessed value
$1,705,645
Assessed 2023
Previous assessed
$1,705,645
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$330,647
Assessed improvement
$1,374,998
Land market value
$330,647
Improvement market value
$1,374,998
Total market value
$1,705,645
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2022
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
6
Bathrooms
3
Total area
2,568 SF
Lot
0.62 ac (27,007 SF)
Zoning code
3310
APN
02-2N-19-18000-046-0010
UPID
US18-8478459
Jurisdiction
WALTON
Zoning & alternative use
3310 · Defuniak Springs, FLZoning 3310 · permitted uses
3310 · Defuniak Springs, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2022
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
3
Lot
0.62 ac
Current owner
From public records · entity-resolved
Agree Central LLC
Entity
Mailing address
3029 3RD AVE S, BIRMINGHAM, AL 35233-3003
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2025
$1,766,430
Agree Central LLC
Nolarose LLC
Special Warranty Deed
—
Mar 18, 2024
—
Sdp Fl Defuniak Springs 1 LLC
—
Deed
related
$361,875 · Fnb Oxford Bank
Mar 15, 2024
$2,270,000
Nolarose LLC
Sdp Fl Defuniak Springs I LLC
Special Warranty Deed
$1,087,000 · Eastman Cu
Feb 28, 2020
—
Roger A Leatherberry
—
Deed
related
$122,720 · Fnbt Bk
—
—
Roger A Leatherberry
—
Loan Modification
related
$122,720 · Fnbt Bk
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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