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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Automotive properties
840 Us Hwy 331st S Defuniak Springs, FL 32435-3370
Individually Owned
21-yr Hold
Free & Clear
Property ID
US18-4783996
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2014
Construction
FRAME
Total area
7,488 SF
Lot
13.26 ac (577,693 SF)
Zoning code
3310
APN
34-3N-19-19000-008-0000
UPID
US18-4783996
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
$540k
Owner & transaction history
R G Lathinghouse Ptshp · 21 yrs held
R G Lathinghouse Ptshp
since 2004
6 recorded transactions
Zoning & alternative use
3310 · Defuniak Springs, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$810,000
+3.9%
Office building
$805,000
+3.4%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$780,000
Current use
WAREHOUSE, STORAGE
$810,000
Change: +4% · Conversion: Easy
OFFICE BUILDING
$805,000
Change: +3% · Conversion: Difficult
RETAIL STORES
$750,000
Change: -3% · Conversion: Difficult
RESTAURANT
$685,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$72 / 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
$7,999
Tax year 2023
Assessed value
$856,166
Assessed 2023
Previous assessed
$936,244
-8.6% YoY
Effective rate
0.93%
On assessed value
Assessed land
$843,463
Assessed improvement
$12,703
Land market value
$843,463
Improvement market value
$12,703
Total market value
$856,166
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2014
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Bathrooms
4
Total area
7,488 SF
Lot
13.26 ac (577,693 SF)
Zoning code
3310
APN
34-3N-19-19000-008-0000
UPID
US18-4783996
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
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$780,000
WAREHOUSE, STORAGE
Est. value
$810,000
OFFICE BUILDING
Est. value
$805,000
RETAIL STORES
Est. value
$750,000
RESTAURANT
Est. value
$685,000
AUTO REPAIR, GARAGE Current
WAREHOUSE, STORAGE
OFFICE BUILDING
RETAIL STORES
RESTAURANT
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
2014
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
4
Lot
13.26 ac
Current owner
From public records · entity-resolved
R G Lathinghouse Ptshp
Individual
Free & Clear · 21 yrs held
Mailing address
PO BOX 1456, DEFUNIAK SPRINGS, FL 32435-7456
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2023
—
R G Lathinghouse Partnership
—
Deed
related
$2,000,000 · United Community Bank
Sep 17, 2013
—
Rg Lathinghouse Ptshp
—
Trustees Deed
related
$2,460,000 · Ccb Community Bank
Aug 31, 2004
$500,000
R G Lathinghouse Ptshp
Andrews Investments LLC
Warranty Deed
—
Apr 22, 2004
—
Andrews Investments LLC
Beckham,joseph C
Quit Claim Deed
related
—
Apr 22, 2004
$250,000
Jane L Nichols
Fridrich,ward L
Grant Deed
—
Jan 23, 2004
—
Ward L Fridrich
Fridrich,wynell B
Quit Claim Deed
related
—
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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