Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    501 S Palafox St Pensacola, FL 32502

    Sponsored
    Source: https://www.saltercompany.com
    For Lease
    $2,200 /Mo ($26 SF/Yr)

    Prime Downtown Pensacola Restaurant, 1000 sq ft.

    Lot size:
    1,000 SF

    Property Features for 501 S Palafox St

    General Information

    Property type
    Restaurants
    Lease Type
    NNN
    RSF (Rentable sq. ft)
    1,000 SF
    USF (Usable sq. ft)
    1,000 SF
    Elevators
    N/A
    Total Rate
    2200

    Amenities

    Building Details

    Buildings
    1
    Stories
    1

    Overview

    Downtown Pensacola Airstream Restaurant Space

    This 1,000-square-foot restaurant space is located within The Garden at Main + Palafox in Pensacola, Florida. Housed in a fully renovated Airstream trailer, this unique property offers a turnkey opportunity for a food and beverage establishment. The Garden itself provides a vibrant outdoor environment perfect for dining and socializing. The location benefits from high foot traffic, attracting local business professionals, residents, and tourists. This is an ideal space for establishing a new restaurant concept or expanding an existing one. The lease is a NNN lease with a monthly rent of $2200. This is a rare opportunity to secure a well-positioned restaurant space in a thriving downtown area. This unique setting offers a ready-made customer base and a vibrant atmosphere. The property is categorized as a restaurant, other retail property, individual retail property, and retail property.

    We can help!

    Listing Contact
    Paul Salter

    Learn more

    Property Insight Report

    HighLights

    • Fully renovated 1,000 sq ft Airstream restaurant space available.
    • Located in Pensacola's vibrant Garden at Main + Palafox.
    • NNN lease; $2200 monthly rent; ideal for new food concepts.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Garden at Palafox + Main Restaurant Perennial Patio Bar Bar & Pub Frostyworld Gelato Grocery & Convenience Store Downtown Dessert Bar Grocery & Convenience Store Fort George Resort

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    State
    Florida
    Longitude
    -87.180303
    Latitude
    30.424761

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      FL, Pensacola – 545 Brent Lane

      Workspaces, services and support to help you work better in Frisco Square
      545 Brent Ln Pensadola, Pensacola, FL 32503
      View Details
    • New
      $1.75 SF/Yr

      8625 Gulf Beach Hwy

      Industrial properties
      8625 Gulf Beach Hwy, Pensacola, FL 32507
      View Details
    • $26 SF/Yr

      7700 West Fairfield Dr, Unit pensacola

      Fully Built-Out Turnkey Restaurant Space Available for Lease
      7700 West Fairfield Dr, Pensacola, FL 32506
      View Details
    • $2,200 /Mo
      6,000 SF

      Airstream Restaurant Space Available

      Airstream restaurant space for rent in downtown Pensacola.
      501 S Palafox St, Pensacola, FL 32502
      View Details
    • $1,500 /Mo
      18,626 SF

      Restaurant Opportunity at Osceola Golf

      Lease restaurant operations with full kitchen, bar, and golf concessions.
      300 Tonawanda Dr, Pensacola, FL 32506
      View Details
    • $6,465 /Mo
      8,084 SF

      Functional Industrial Facility on Palafox

      7,698 SF industrial facility with warehouse and office space for lease.
      2370 N Palafox St, Pensacola, FL 32501
      View Details
    • $2,000 /Mo
      6,000 SF

      Fenced Flex Space Near Highway

      3,000 SF flex space with office near I-10 and Hwy 29.
      8670 Fowler Ave, Pensacola, FL 32534
      View Details
    • $8 SF/Yr
      5,000 SF

      Pensacola Retail & Warehouse Space

      Retail and warehouse space available in rapidly growing Pensacola trade area.
      3110 N Davis Hwy, Pensacola, FL 32503
      View Details
    • $550 /Mo
      10,236 SF

      Downtown Pensacola Executive Office Suites

      Full-service executive space in Historic Downtown Pensacola, newly renovated.
      201 E Government St, Pensacola, FL 32502
      View Details
    • $20 SF/Yr
      3,524 SF

      Functional Office Building in Pensacola

      Single-story office building suitable for medical or professional use.
      511 Phyllis St, Pensacola, FL 32503
      View Details
    • $1,300 /Mo
      150 SF

      Unique Office Space For Rent

      Office space with high ceilings and exposed brick walls.
      700 S Palafox St, Pensacola, FL 32501
      View Details
    • $200 SF/Yr
      8,500 SF

      Modern Executive Office Suites Available

      Newly renovated office suites with inclusive lease and modern amenities.
      8180 Pensacola Blvd, Pensacola, FL 32534
      View Details

    FAQs

    What type of property is this?
    Restaurant - Prime Downtown Pensacola Restaurant, 1000 sq ft.
    Where is this restaurant located?
    The property is located at 501 S Palafox St Pensacola, FL.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features:
    (850) 434-7500
    Request Owner's contact information
    501 S Palafox St Pensacola, FL 32502
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    501 S Palafox St
    Pensacola, FL 32502
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    501 S Palafox St Pensacola, FL 32502
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Paul Salter
    (850) 434-7500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!