Corner Lot Drive-Thru
For Sale
$795,000
1570 W Fairfield Dr, Pensacola, FL 32505
Prime corner lot restaurant with drive-thru and ample parking.
Property Size3,480 SF
Price / SF$228.45
Days on Market274
Property Features for 1570 W Fairfield Dr
General Information
Standard status
Active
Size
3,480 SF
Property subtype
Retail
Building Details
Building Size
3,480 SF
Year Built
1985
Listing Agency:
SVN | Southland Commercial Real Estate
(850) 380-3344
Listed By:
Michael Carro, CCIM · License #FL #BK3179263
(850) 380-3344
Source:
Svn
Added: Nov 21, 2025
Changed: Aug 17
Last Checked: Aug 22 at 5:04AM
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
Investment Insights
Based on property information with market context.
This 3,480-square-foot corner lot property is for sale and features a drive-thru restaurant. The location offers optimal visibility and convenience, enhanced by ample parking and two entrances, one on W Fairfield Dr and the other on N L St, which provide excellent accessibility and customer flow. Situated at a lighted intersection on the corner of W Fairfield Dr and N L St, the property benefits from a daily traffic count of 33,500 cars. This location is suitable for a restaurant business.
Key Highlights
- High daily traffic count (33,500 cars)
- Drive‑thru
- Prime corner lot location
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
$41,613
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
5.23%
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%
$832,260
$832.3K
Cap Rate 7%
$594,471
$594.5K
Cap Rate 9%
$462,367
$462.4K
Market Conditions
NOI Build-Up for 3,480 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
$60.6K $17.40/SF
− Vacancy
−$5.1K −$1.46/SF
EGI
$55.5K $15.94/SF
− OpEx
−$13.9K −$3.99/SF
NOI
$41.6K $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%
$832,260
Cap Rate 7%
$594,471
Cap Rate 9%
$462,367
Alternative Uses
Best Use
Specialty Retail
$594.5K
$520.2K – $693.6K
NOI $41,613 @ 7.0% cap · market cap 5.23%
Second Best
Retail
$561.9K
$491.7K – $655.5K
NOI $39,332 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$1.02M
$893.7K – $1.19M
NOI $71,493 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
830
Businesses Nearby
147k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 38%
Apparel 6%
Electronics 2%
CEFCO
Shops & Services
23,077 visits/mo
0.2 miles
McDonald's
Dining
22,580 visits/mo
0.3 miles
Whataburger
Dining
19,400 visits/mo
0.1 miles
Wendy's
Dining
16,454 visits/mo
0.0 miles
Circle K
Shops & Services
11,937 visits/mo
0.2 miles
Demographics for 32505, FL
28,671
Population
12,278
Households
2.3
Avg Household Size
36
Median Age
14%
College-Educated
82%
High-School Grad
13.0 sq mi
ZIP Area
2,205
Density / Sq Mi
$41,039
Median Household Income
$27,950
Median Earnings
$1,053
Median Rent
$120,300
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.
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Prime corner lot restaurant with drive-thru and ample parking.
Where is this drive through restaurant located?
The property is located at 1570 W Fairfield Dr Pensacola, FL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: High daily traffic count (33,500 cars); Drive‑thru; Prime corner lot location
