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Property profile & analytics
OFF-MARKET
Estimated value
$1,840,000
Office buildings
79 20th St Defuniak Springs, FL 32433
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-5079860
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2018
Construction
FRAME
Total area
10,289 SF
Lot
2.37 ac (103,324 SF)
Zoning code
HWY90
APN
25-3N-19-19070-001-8061
UPID
US18-5079860
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
-
Childcare Network Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.13M
Comparable Approach
Comparable
$1.86M
Blend (final)
Blend
$1.84M
Owner & transaction history
Cds Defuniak LLC · 7 yrs held
Cds Defuniak LLC
since 2019
7 recorded transactions
Zoning & alternative use
HWY90 · Defuniak Springs, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.1M
+157.1%
Warehouse, storage
$1.2M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,305,000
6.5%
$2,125,000
7%
$1,975,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,190,000
Current use
RESTAURANT
$3,060,000
Change: +157% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,235,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$1.84M
Range $1.66M – $2.02M · ±10%
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
$179 / 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
$14,117
Tax year 2023
Assessed value
$1,021,691
Assessed 2023
Previous assessed
$929,585
+9.9% YoY
Effective rate
1.38%
On assessed value
Assessed land
$213,028
Assessed improvement
$808,663
Land market value
$213,028
Improvement market value
$808,663
Total market value
$1,021,691
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2018
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
9
Total area
10,289 SF
Lot
2.37 ac (103,324 SF)
Zoning code
HWY90
APN
25-3N-19-19070-001-8061
UPID
US18-5079860
Jurisdiction
WALTON
Zoning & alternative use
HWY90 · Defuniak Springs, FL
Zoning HWY90 · permitted uses
HWY90 · Defuniak Springs, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Defuniak Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
RESTAURANT
Est. value
$3.1M
WAREHOUSE, STORAGE
Est. value
$1.2M
OFFICE BUILDING Current
RESTAURANT
WAREHOUSE, STORAGE
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
2018
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
9
Lot
2.37 ac
Current owner
From public records · entity-resolved
Cds Defuniak LLC
Entity
Mailing address
PO BOX 800729, DALLAS, TX 75380-0729
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2019
$2,100,000
Cds Defuniak LLC
Child Development Schools INC
Special Warranty Deed
$1,785,000 · Colony Bank
Feb 10, 2017
$325,000
Child Dev Schools INC
Vista Of Ft Walton Beach LLC
Warranty Deed
—
Apr 2, 2012
$250,000
Vista Of Ft Walton Beach LLC
Ccv LLC
Grant Deed
—
Jan 9, 2007
—
Ccv LLC
Pridgen,virginia D
Warranty Deed
—
Jul 6, 2004
$275,000
Virginia D Pridgen
Pickett,diane
Warranty Deed
$220,000 · Vanguard Bank & Trust Co
Jul 6, 2004
—
Virginia D Pridgen
Pridgen,virginia D
Quit Claim Deed
related
—
—
—
Virginia D Pridgen
—
Deed Of Trust
related
$159,537 · Firstmerit Bank NA
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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