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Property profile & analytics
OFF-MARKET
Estimated value
$5,420,000
Investment properties
931 Us Hwy 331st S Defuniak Springs, FL 32435-8720
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-4879836
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
55,364 SF
Lot
9.65 ac (420,267 SF)
Zoning code
3310
APN
25-3N-19-19070-001-9170
UPID
US18-4879836
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
$5.92M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.92M
Blend (final)
Blend
$5.42M
Owner & transaction history
Shams Properties LLC · 3 yrs held
Shams Properties LLC
since 2023
Last sale
$5.4M
7 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
$5,060,000
ML approach
$5,915,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.42M
Range $4.88M – $5.96M · ±10% · vs last sale $5.35M (Jul 21 2023)
Last sale anchor
$5.35M
Jul 21 2023
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
$98 / 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
$74,347
Tax year 2023
Assessed value
$5,816,184
Assessed 2023
Previous assessed
$5,450,241
+6.7% YoY
Effective rate
1.28%
On assessed value
Assessed land
$1,227,226
Assessed improvement
$4,588,958
Land market value
$1,227,226
Improvement market value
$4,588,958
Total market value
$5,816,184
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Rooms
20
Bathrooms
9
Total area
55,364 SF
Lot
9.65 ac (420,267 SF)
Zoning code
3310
APN
25-3N-19-19070-001-9170
UPID
US18-4879836
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
20
Bathrooms
9
Lot
9.65 ac
Current owner
From public records · entity-resolved
Shams Properties LLC
Entity
Mailing address
PO BOX 500, SMYRNA, TN 37167-0500
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2025
—
Shams Properties LLC
—
Deed
related
$2,500,000 · Liberty State Bank
Jul 21, 2023
$5,350,000
Shams Properties LLC
Genesis Acres LLC
Special Warranty Deed
$1,250,000 · Liberty State Bank
Nov 1, 2016
—
Defuniak Real Estate Holdings
—
Deed
related
$4,000,000 · Miscellaneous Ins Co
Oct 28, 2016
$5,344,600
Genesis Acres LLC
Walton Plaza LLC
Warranty Deed
—
Sep 1, 2006
$1,900,000
J Bruce Forbes
Eig Dfs LLC
Grant Deed
—
Jun 22, 2005
—
Eig Dfs LLC
Guardian Life Ins Co Of America
Quit Claim Deed
related
—
Jun 22, 2005
$500,000
Eig Dfs LLC
Guardian Life Ins Co Of America
Grant Deed
—
Aug 7, 2000
$1,676,400
Guardian Life Insurance Co
Glazer,benjamin F & Marilyn G
Grant Deed
—
Mar 3, 1999
$800,000
2 Dakota INC
Wal-mart Stores INC
Grant Deed
$670,684 · First National Bank Florida
—
—
Defuniak Real Estate Holdings
—
Deed Of Trust
related
$4,000,000 · Miscellaneous Ins Co
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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