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    518 Royce St Pensacola, FL 32503

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    For Sale
    $650,000

    1.15-acre commercial land parcel near Davis Hwy Medical corridor.

    Lot size:
    1.10 Acres

    Property Features for 518 Royce St

    General Information

    Lot size
    1.10 Acres

    Source: Stirling | Pensacola Agent Kylle Shoemaker

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Royce Street Commercial Land Parcel

    This 1.15-acre parcel is located off the Davis Highway Medical corridor. The property features a flat and dry terrain. It is zoned C-1, which allows for a range of retail uses and the construction of up to 35 units per acre. The property benefits from roughly 200 feet of frontage on Royce Street and is about 250 feet deep.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.2229026
    Latitude
    30.4676659

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    FAQs

    What type of property is this?
    Commercial land - 1.15-acre commercial land parcel near Davis Hwy Medical corridor.
    Where is this commercial land located?
    The property is located at 518 Royce St Pensacola, FL.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - Located just off the Davis Hwy Medical corridor.; - C-1 zoning allows for a range of retail uses.; - Potential to build up to 35 units per acre.
    (850) 972-0161
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    518 Royce St Pensacola, FL 32503
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    Realmo Value Estimation

    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.

    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.

    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
    518 Royce St Pensacola, FL 32503
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