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Property profile & analytics
OFF-MARKET Estimated value $765,000
Outlet malls

702 Waukesha St Bonifay, FL 32425-3033

9,680 SF 1.26 ac lot Built 2014
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US18-5384165
Property summary
AI-generated overview

This exceptional 7,958 square foot freestanding retail building presents a compelling investment opportunity in Bonifay, Florida. Situated at 702 S Waukesha Street, the property boasts an enviable location with high visibility and convenient access to major thoroughfares, including its proximity to Interstate-10 (just 1.6 miles away). Built in 2014, this single-tenant building sits on a 1.26-acre lot and offers 242 feet of frontage along Waukesha Street, ensuring maximum exposure to potential customers. The property includes 39 parking spaces, providing ample convenience for patrons. Further enhancing its appeal is the availability of prominent pylon signage, ideal for branding and attracting attention. The building's location is also advantageous, being only two blocks from Bonifay's downtown area, offering easy access to local amenities and a thriving community. This single-story, 1958 square foot building in Holmes County is perfect for a variety of retail uses and represents a rare opportunity to establish or expand a business in a highly visible and accessible location. The property's combination of size, location, and amenities makes it an attractive proposition for discerning investors and businesses seeking a strong foothold in a growing market.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2014
Total area 9,680 SF
Lot 1.26 ac (54,970 SF)
APN 0606.02-000-000-037.000
UPID US18-5384165
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$765k
Owner & transaction history
Spirit Master Funding X LLC · 7 yrs held
Spirit Master Funding X LLC
since 2019
1 recorded transaction
2019
$1.1M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $995,000 +30.6%
Commercial (general) $990,000 +30.3%
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