Pensacola Convenience Store
For Sale
$900,000
1167 COLLEGE Blvd, Pensacola, FL 32504
Convenience store for sale in Pensacola, Florida.
Property Size2,720 SF
Lot Size0.48 Acres
Price / SF$330.88
Days on Market165
Property Features for 1167 COLLEGE Blvd
General Information
Standard status
Active
Size
2,720 SF
Lot size
0.48 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$6,341
Building Details
Building Size
2,720 SF
Year Built
1985
Stories
1
Listing Agency:
KELLY RIGHT REAL ESTATE
(407) 666-7699
Listed By:
Samih Sadiq · License #3577381
(407) 666-7699
Source:
Elliman
Added: Mar 11
Changed: Aug 11
Last Checked: Aug 22 at 7:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KELLY RIGHT REAL ESTATE
Investment Insights
Based on property information with market context.
A convenience store is available for purchase at 1167 College Boulevard, Pensacola, FL 32504. The property includes a 2,720 square foot building situated on a 0.482-acre lot. The location offers strong visibility, convenient access, and steady traffic flow within a highly active area. The site features ample parking and a functional layout. The property is suitable for investors or owner-operators and offers potential for expanded retail offerings or service enhancements. This Pensacola location presents significant long-term growth and income potential.
Key Highlights
- Prime location at 1167 College Boulevard, Pensacola, FL 32504, offering strong visibility and convenient access.
- 2,720 sq ft building on a 0.482‑acre lot.
- Steady traffic flow in a highly active area.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,525
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$650,500
$650.5K
Cap Rate 7%
$464,643
$464.6K
Cap Rate 9%
$361,389
$361.4K
Market Conditions
NOI Build-Up for 2,720 SF
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.
Gross rent
$47.3K $17.40/SF
− Vacancy
−$4.0K −$1.46/SF
EGI
$43.4K $15.94/SF
− OpEx
−$10.8K −$3.99/SF
NOI
$32.5K $11.96/SF
Area
Escambia County, FL
Vacancy
8.37%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$650,500
Cap Rate 7%
$464,643
Cap Rate 9%
$361,389
Alternative Uses
Best Use
Specialty Retail
$464.6K
$406.6K – $542.1K
NOI $32,525 @ 7.0% cap · market cap 3.61%
Second Best
Retail
$439.2K
$384.3K – $512.4K
NOI $30,742 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$798.3K
$698.5K – $931.3K
NOI $55,880 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,202
Businesses Nearby
128k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 63%
Dining 30%
Hotels & Casinos 6%
Shops & Services 2%
DICK'S Sporting Goods
Apparel
80,821 visits/mo
0.5 miles
Steak 'n Shake
Dining
29,831 visits/mo
0.4 miles
Bonefish Grill
Dining
7,489 visits/mo
0.4 miles
Hyatt Place
Hotels & Casinos
5,628 visits/mo
0.1 miles
Homewood Suites-Pensacola Int'l
Hotels & Casinos
1,619 visits/mo
0.3 miles
Demographics for 32504, FL
21,791
Population
10,436
Households
2.1
Avg Household Size
43
Median Age
41%
College-Educated
92%
High-School Grad
10.5 sq mi
ZIP Area
2,075
Density / Sq Mi
$74,067
Median Household Income
$41,990
Median Earnings
$1,257
Median Rent
$242,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Target Grocery — 4711 Bayou Blvd, Pensacola, FL 32503
- The Fresh Market — 1650 Airport Blvd Suite 400, Pensacola, FL 32504
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Convenience store for sale in Pensacola, Florida.
Where is this grocery and convenience store located?
The property is located at 1167 COLLEGE Blvd Pensacola, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Prime location at 1167 College Boulevard, Pensacola, FL 32504, offering strong visibility and convenient access.; 2,720 sq ft building on a 0.482‑acre lot.; Steady traffic flow in a highly active area.
