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    Property profile & analytics

    952 Smith Rd Defuniak Springs, FL 32433

    • Specialty properties
    • 3,732 SF
    • 8.00 lot acres
    OFF-MARKET
    Last Sale
    Dec 05, 2024
    Value Estimations
    $215,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-7406490
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Specialty properties

    Property Details for 952 Smith Rd

    Year built
    1960
    Construction
    CONCRETE BLOCKS
    Lot size
    8.00 lot acres
    Property size
    3,732 SF
    Property type
    Specialty properties
    APN
    17-3N-19-19000-009-0000
    APU
    173N19190000090000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $270,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $166,000
      Market price range: $167k - $526k

    • Alternative Use

      Use
      Estimation
      CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
      $390,000
      Current use
      OFFICE BUILDING
      $400,000
      Change: +3% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $390,000
      Change: -0% Conversion: Difficult
      RETAIL STORES
      $350,000
      Change: -10% Conversion: Difficult
      WAREHOUSE, STORAGE
      $320,000
      Change: -18% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Defuniak Springs
    County
    Walton
    State
    Florida
    Longitude
    -86.1693
    Latitude
    30.7524
    CBSA code
    18880
    CBSA name
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $307
    $6,324
    $11,944
    $18,268
    -
    $6,324
    $11,944
    $18,268

    Comparable in this City

    • Value Estimation
      $260,000
      5.00 Acres

      State Hwy 83

      CHARITABLE ORGANIZATION • 5.00 Acres
      State Hwy 83, Defuniak Springs, FL 32433
      View Details
    • Value Estimation
      $235,000
      4,136 SF

      Defuniak Springs, FL 32433

      CREMATORIUM, MORTUARY • 4,136 SF
      Defuniak Springs, FL 32433
      View Details
    • Value Estimation
      $210,000
      1,983 SF

      960 Nelson Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,983 SF
      960 Nelson Ave, Defuniak Springs, FL 32433-2052
      View Details
    • Value Estimation by Request
      42.00 Acres

      5676 Defuniak Spg

      Farms • 2,061 SF
      5676 Defuniak Spg, DeFuniak Springs, FL 32433
      View Details
    • Value Estimation
      $250,000
      0.63 Acres

      1 Blue Rdg Blvd

      CHARITABLE ORGANIZATION • 0.63 Acres
      1 Blue Rdg Blvd, Defuniak Springs, FL 32433-4855
      View Details
    • Value Estimation
      $205,000
      1,771 SF

      43 County Hwy 1087

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,771 SF
      43 County Hwy 1087, Defuniak Springs, FL 32433
      View Details

    Similar Nearby for Sale

    • $3,200,000
      42.00 Acres

      Florida Equestrian Ranch Opportunity

      42-Acre Horse Ranch w/ Home & Facilities
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    • $5,500,000
      0.97 Acres

      High-Exposure Mixed-Use Property

      Mixed-use property with highway frontage and commercial zoning.
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    • $629,900

      Spacious Home on 20 Acres

      Five-bedroom home on 20 acres with creek and barn.
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    • Contact for pricing

      46 Acre Residential Land Parcel

      Unincorporated Walton County land parcel perfect for single family housing.
      43 Simpson Ct, Defuniak Springs, FL 32433
      View Details
    • $1,400,000

      Industrial Land on Highway 90

      6-acre industrial property with highway frontage and diverse buildings.
      428 W Us Highway 90, Defuniak Springs, FL 32433
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    • $299,900

      Prime Commercial Lot in Florida

      C-1 lot in growing DeFuniak Springs commercial district.
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    Similar Nearby for Lease

    • $16 SF/Yr
      16,000 SF

      North Walton Medical Office Suites

      Prime Defuniak Springs medical space.
      4415 Us Highway 331, DeFuniak Springs, FL 32433
      View Details
    • $15 SF/Yr
      4,000 SF

      Highway 90 Commercial Opportunity

      4,000 SF building suitable for showroom, banquet hall, gallery.
      47 Dr Roberts Dr, Defuniak Springs, FL 32433
      View Details
    • $2,522,400

      New Dollar General Market Store

      New Dollar General Market in DeFuniak Springs, Florida.
      17444 State Highway 83, Defuniak Springs, FL 32433
      View Details
    • Contact for pricing
      30,000 SF

      Mossy Head Plaza: Prime Distribution Space

      Modern Distribution Center, DeFuniak Springs, FL
      0 Mossy Head Plaza Dr, DeFuniak Springs, FL 32433
      View Details
    • $5,000 /Mo

      Warehouse Space Near Distribution Hubs

      5,000 SF warehouse near I-10, FedEx, and Amazon.
      15000 Us Highway 90, Defuniak Springs, FL 32433
      View Details
    • $3,500 /Mo
      1,125 SF

      DeFuniak Springs Office For Rent

      Office building for lease with highway frontage and ample parking.
      20 Shoemaker Dr, Defuniak Springs, FL 32433
      View Details
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    952 Smith Rd
    Defuniak Springs, FL 32433
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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