Purple Parrot Tiki Bar &
For Sale
$600,000
13555 Perdido Key Dr, Pensacola, FL 32507
Beach-bar experience near Gulf of Mexico with 4COP Liquor License.
Property Size1,548 SF
Days on Market205
Property Features for 13555 Perdido Key Dr
General Information
Standard status
Active
Size
1,548 SF
Class
C
Property subtype
Office
Building Details
Building Size
1,548 SF
Year Built
2000
Listing Agency:
SVN | Southland Commercial Real Estate
Listed By:
Michael Carro, CCIM · License #FL #BK3179263
(850) 380-3344
Source:
Svn
Added: Apr 1
Changed: Oct 6
Last Checked: Oct 20 at 7:36PM
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 SVN | Southland Commercial Real Estate
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Investment Insights
Based on property information with market context.
Located on Perdido Key, the Purple Parrot Tiki Bar & Grill provides a beach-bar experience. This establishment offers a laid-back, island-inspired atmosphere. Included in the sale are all furniture, fixtures, and equipment, as well as the lease assignment, business name, marketing materials, and social media handles. The property includes a 4COP Liquor License.
Key Highlights
- Established Tiki Bar & Grill business on Perdido Key.
- Includes all furniture, fixtures, and equipment.
- 4COP Liquor License included.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,511
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,220
$370.2K
Cap Rate 7%
$264,443
$264.4K
Cap Rate 9%
$205,678
$205.7K
Market Conditions
NOI Build-Up for 1,548 SF
Gross rent
$26.9K $17.40/SF
− Vacancy
−$2.3K −$1.46/SF
EGI
$24.7K $15.94/SF
− OpEx
−$6.2K −$3.99/SF
NOI
$18.5K $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 Rate 5%
$370,220
Cap Rate 7%
$264,443
Cap Rate 9%
$205,678
Alternative Uses
Best Use
Specialty Retail
$264.4K
$231.4K – $308.5K
NOI $18,511 @ 7.0% cap · market cap 3.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$454.3K
$397.5K – $530.0K
NOI $31,802 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
215
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 32507, FL
31,215
Population
19,131
Households
1.6
Avg Household Size
44
Median Age
32%
College-Educated
91%
High-School Grad
27.9 sq mi
ZIP Area
1,119
Density / Sq Mi
$69,802
Median Household Income
$38,000
Median Earnings
$1,238
Median Rent
$267,100
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- DOG-ON-IT — 14175-, 14181 Perdido Key Dr, Pensacola, FL 32507
- Florham yatch club — 13351 Johnson Beach Rd, Pensacola, FL 32507
- Perdido Key Sports Bar & Restaurant — 13583 Perdido Key Dr, Pensacola, FL 32507
- Purple Parrot Tiki Bar & 3 Palms Bistro — 13555 Perdido Key Dr #1, Pensacola, FL 32507
- Concerts on Canal — 14075 Canal Dr, Pensacola, FL 32507
Frequently Asked Questions
What type of property is this?
Bar & Pub - Beach-bar experience near Gulf of Mexico with 4COP Liquor License.
Where is this bar & pub located?
The property is located at 13555 Perdido Key Dr Pensacola, FL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Established Tiki Bar & Grill business on Perdido Key.; Includes all furniture, fixtures, and equipment.; 4COP Liquor License included.
