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    Prime Retail Corner Opportunity Title is generated by Realmo AI

    4500 Mobile Hwy, Pensacola, FL 32506

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    For Sale
    $500,000

    Vacant 19,754 SF building on 1.5 acres.

    Type:Vacant-User
    Property size:
    19,754 SF
    Lot size:
    1.50 Acres
    Price / SF:
    $25/SF
    Added:
    Apr 3, 2026
    Days on Market:
    65
    Last Refresh:
    Apr 3 at 5:01 am

    Property Features for 4500 Mobile Hwy

    General Information

    Standard status
    Active
    Size
    19,754 SF
    Lot size
    1.50 Acres
    Property subtype
    Vacant-User

    Building Details

    Year Built
    1960

    We can help!

    Listing Contact
    Howard Bregman

    Listing agent Howard Bregman License #FL: SL3233326

    Listing office Fort Lauderdale Office

    Listing date Apr 3, 2026

    Source Marcusmillichap

    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 Fort Lauderdale Office

    HighLights

    • High‑traffic location at a signalized hard corner with 65,450 combined daily vehicle count.
    • Located in a major retail corridor with national retailers such as Walmart, Home Depot, and Lowe's.
    • Offered significantly below replacement cost with value enhancement potential.
    • Liberal C‑1 commercial zoning allows for diverse retail and commercial uses.
    • Close proximity to Pensacola Naval Air Station, employing over 23,000 staff and training 60,000 students annually.
    • Large 19,754 sq ft vacant building on 1.5 acres.

    Overview

    Located at the signalized hard corner of Mobile Highway and West Fairfield Drive in Pensacola, Florida, the property is a 19,754 square foot vacant, free-standing building situated on 1.5 acres. Formerly occupied by American Freight Discount Furniture and Mattress for over 10 years, the property offers an opportunity for an owner/user or investor. The property has high visibility with traffic counts of 25,868 vehicles per day on W. Fairfield Drive and 39,582 vehicles per day on Mobile Highway. The location is in a major retail corridor near national retailers such as Walmart Supercenter, Advance Auto Parts, Chili’s, Waffle House, Dollar General, Wells Fargo, PNC Bank, and Church’s. The property has C-1 commercial zoning that allows for retail and general commercial land use. The property is located in Escambia County, which has over 550,000 residents, and is near Interstate 10 and The Pensacola Naval Air Station, which employs over 23,000 staff and has over 60,000 students annually. The surrounding area within a 5-mile radius includes over 54,000 households with an average household income above $67,000.
    Location Intelligence

    Current Use by Public Records

    American Freight Furniture ... Furniture & Home Goods

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.2754437
    Latitude
    30.4346815

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    FAQs

    What type of property is this?
    Storefront property - Vacant 19,754 SF building on 1.5 acres.
    Where is this storefront property located?
    The property is located at 4500 Mobile Hwy Pensacola, FL.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: High‑traffic location at a signalized hard corner with 65,450 combined daily vehicle count.; Located in a major retail corridor with national retailers such as Walmart, Home Depot, and Lowe's.; Offered significantly below replacement cost with value enhancement potential.
    (954) 245-3417
    We can help!
    Listing Contact
    Howard Bregman
    Real Estate License ID: FL: SL3233326
    Learn More
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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.

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    4500 Mobile Hwy, Pensacola, FL 32506
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