Entity Owned 
For Lease
1 / 110
$1,995/Mo
1417 W Cervantes St, Pensacola, FL 32501
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Property summary
AI-generated overview
This exceptional 14,388-square-foot industrial property, located in Downtown Pensacola's vibrant C-1 and C-3 zoned area, presents a unique investment opportunity. The single-story building, constructed in 1959 and extensively renovated in 2021, boasts a flexible layout ideal for various uses. Currently, 3,465 square feet of warehouse space is available for lease. The available unit features a desirable 10-foot-plus ceiling height, a 10' wide x 9' high roll-up door for easy loading and unloading, a dedicated office area, a restroom, and ample storage space. The property sits on a 0.67-acre lot and is conveniently located just one mile from the heart of Downtown Pensacola, offering excellent access to major transportation routes and a thriving commercial district. The building's multiple tenancy allows for diverse occupancy options. This is a rare opportunity to acquire a well-maintained, recently renovated industrial space in a prime location. The property's APN is 000S009060007076. The building does not include elevators.
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,308 SF
Lot
0.5 ac (21,780 SF)
Zoning code
C-1,C-3
APN
00-0S-00-9060-007-076
UPID
US18-9061000
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Discount Store
-
Hardware & Home Improvement Interior Design
-
(Bike/Boat/Book/etc) Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$741k
Blend (final)
Blend
$1.07M
Owner & transaction history
since 2023
Last sale
$1.3M
4 recorded transactions
Zoning & alternative use
C-1,C-3 · Pensacola, FL
Top alternative use upside
Neighborhood: shopping center
$1.3M
+110.0%
Auto repair, garage
$1.2M
+91.5%
Office building
$1.1M
+87.2%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$1.07M
Value range
$963k – $1.18M
±10% around blend
Estimated value / SF
$129 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
Income certainty
100
$963k
blend $1.07M
$1.18M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
8,308 SF
Lot area
0.5 ac
Year built
1959
Stories
1
APN
00-0S-00-9060-007-076
Zoning
C-1,C-3
Assessed value
$464,740
Annual tax
$8,569
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$8,569
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$741k
Range $341k – $1.07M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.07M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 44 sales
$73
+75%
County 49 sales
$79
+62%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $129/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Neighborhood: Shopping Center
Gross theoretical uplift
+110%
vs current-use indication
Auto Repair, Garage
Office Building
Retail Stores
Commercial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$490k
Move the market yield to see immediate price impact.
Value / SF
$59
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$31k
$617k
$441k
$343k
$34k
$686k
$490k
$381k
$38k
$754k
$539k
$419k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,569
Tax year 2023
Assessed value
$464,740
Assessed 2023
Previous assessed
$423,489
+9.7% YoY
Effective rate
1.84%
On assessed value
Land market value
$93,110
Improvement market value
$401,934
Total market value
$495,044
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
For Lease
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Bathrooms
3
Total area
8,308 SF
Lot
0.5 ac (21,780 SF)
Zoning code
C-1,C-3
APN
00-0S-00-9060-007-076
UPID
US18-9061000
Jurisdiction
ESCAMBIA
Zoning & alternative use
C-1,C-3 · Pensacola, FLZoning C-1,C-3 · permitted uses
C-1,C-3 · Pensacola, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
3
Lot
0.5 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C-1,C-3
Jurisdiction
Pensacola, FL
Recorded code
C-1,C-3
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-1,C-3 in Pensacola, FL.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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