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    Pensacola Multifamily Property Near Navy Title is generated by Realmo AI

    315 S Valencia St, Pensacola, FL 32507

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    For Sale
    $265,000

    MULTI_FAMILY - Pensacola, FL

    Property size:
    1,826 SF
    Price / SF:
    $145/SF
    Added:
    Sep 27, 2025
    Days on Market:
    249
    Last Refresh:
    Jun 2 at 2:06 pm

    Property Features for 315 S Valencia St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Driveway
    Patio and Porch features
    Patio
    Fencing
    Chain Link
    Appliances
    Electric Water Heater, Self Cleaning Oven
    Standard status
    Active
    APN
    512S307060007008
    Size
    1,826 SF

    Taxes and HOA fees

    Tax Description
    LT 6 BLK 8 NEW WARRINGTON PB 1 P 29 OR 6062 P 1908 OR 8779 P 1072 CA 214

    Utilities

    Heating system
    Central
    Cooling system
    Window Unit(s), Wall/Window Unit(s), Ceiling Fan(s), Central Air
    Water source
    Public

    Building Details

    Year built
    1938
    Floors in Building
    1
    Number of units
    3
    Building materials
    Frame
    Roof type
    Shingle

    We can help!

    Listing Contact
    Don Welker

    Listing agent Don Welker

    Listing office First City Real Estate Solutions 110 Bublits Dr NW, Penascola, FL

    Listing date Sep 27, 2025

    MLS# 671550 Listing URL

    Copyright © 2026 Pensacola Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Excellent rental property opportunity with three total units (two in a duplex, one cottage).
    • Prime location near Navy Point, NAS Pensacola, park, and boat launch.
    • Newer roof, septic system, and energy‑efficient windows on duplex.
    • Recently replaced energy‑efficient windows on cottage.
    • Cottage features a screened‑in patio.
    • Duplex has central heating and cooling, plus window units and ceiling fans.

    Overview

    This multifamily property in Pensacola, Florida, features three rental units. Located just outside Navy Point, it offers convenient access to NAS Pensacola and is two blocks from Navy Point park and boat launch. The property includes two residential buildings. The first building, a 1328-square-foot duplex, contains two one-bedroom units and has a newer roof, recently replaced energy-efficient windows, and a new septic system. The second building, located at 316 Chattman St, is a 498-square-foot one-bedroom cottage with a screened-in patio area and recently replaced energy-efficient windows.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $29.6k $16.20
    − Vacancy −$3.9k −$2.14
    EGI $25.7k $14.06
    − OpEx −$7.7k −$4.22
    NOI $18.0k $9.84
    1,826 SF · lease $16.20/SF/yr · vacancy 13.21% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $256.7K
    $224.6K – $299.5K (±1% cap)
    NOI $17,971 @ 7.0% cap · market cap 6.78%
    Second Best
    Apartment 5plus
    $235.7K
    $206.2K – $275.0K (±1% cap)
    NOI $16,499 @ 7.0% cap · market cap 6.23%
    Theoretical Best
    Office A
    $535.9K
    $468.9K – $625.2K (±1% cap)
    NOI $37,513 @ 7.0% cap · market cap 14.16%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.279324
    Latitude
    30.382892

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    FAQs

    What type of property is this?
    Triplex - Multifamily property with three units near NAS Pensacola.
    Where is this triplex located?
    The property is located at 315 S Valencia St Pensacola, FL.
    What is the asking price?
    The asking price for this property is $265,000.
    What are key features of this property?
    This property features: Excellent rental property opportunity with three total units (two in a duplex, one cottage).; Prime location near Navy Point, NAS Pensacola, park, and boat launch.; Newer roof, septic system, and energy‑efficient windows on duplex.
    (850) 619-8253
    We can help!
    Listing Contact
    Don Welker
    Request Owner's contact information
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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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