Pensacola Gas Station Investment
For Sale
Contact for pricing
1900 North W Street, Pensacola, FL 32505
Gas station with property, renovated in 2024, ready to operate.
Property Size2,856 SF
Price / SF$262.61
Days on Market765
Property Features for 1900 North W Street
General Information
Standard status
Active
Size
2,856 SF
Class
B
Property subtype
Retail
Zoning
COM
Lease Type
NNN
Investment Type
Owner/User
Building Details
Year Renovated
2024
Buildings
1
Stories
1
Listing Agency:
FMIG
(850) 889-2571
Listed By:
Faith Morgan · License ##BK3551079
Source:
Crexi
Added: Jul 29, 2024
Changed: Aug 31
Last Checked: Aug 31 at 11:44PM
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 FMIG
Investment Insights
Based on property information with market context.
This gas station, located in the heart of Pensacola on N W Street, presents a prime investment opportunity. The property, currently under renovation and prepared to open, features a large walk-in cooler and a custom beer cave. The renovated building includes new flooring and cabinetry. It is equipped with two new pumps, largely stocked shelving, two restrooms, office spaces, and storage space. A new roof has been installed. POS systems and a security system are in place. The property was renovated in 2024. Situated near W Fairfield DR and W Cervantes, the location benefits from high traffic, with over 40,000 cars passing daily. It is located approximately 9 minutes from Downtown Pensacola and I-10. The property size is 2,856 square feet.
Key Highlights
- High Traffic Location: Over 40,000 cars daily.
- Gas Station with Property: Includes both business and real estate.
- Recently Renovated: Renovated in 2024 with new pumps, roof, flooring, cabinetry, and beer cave.
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
$34,151
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
4.55%
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%
$683,020
$683.0K
Cap Rate 7%
$487,871
$487.9K
Cap Rate 9%
$379,456
$379.5K
Market Conditions
NOI Build-Up for 2,856 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
$49.7K $17.40/SF
− Vacancy
−$4.2K −$1.46/SF
EGI
$45.5K $15.94/SF
− OpEx
−$11.4K −$3.99/SF
NOI
$34.2K $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%
$683,020
Cap Rate 7%
$487,871
Cap Rate 9%
$379,456
Alternative Uses
Best Use
Specialty Retail
$487.9K
$426.9K – $569.2K
NOI $34,151 @ 7.0% cap · market cap 4.55%
Second Best
Retail
$461.1K
$403.5K – $538.0K
NOI $32,279 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$838.2K
$733.4K – $977.9K
NOI $58,674 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
8k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
4,570 visits/mo
0.5 miles
Family Dollar
Shops & Services
3,205 visits/mo
0.5 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
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Frequently Asked Questions
What type of property is this?
Gas station - Gas station with property, renovated in 2024, ready to operate.
Where is this gas station located?
The property is located at 1900 North W Street Pensacola, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: High Traffic Location: Over 40,000 cars daily.; Gas Station with Property: Includes both business and real estate.; Recently Renovated: Renovated in 2024 with new pumps, roof, flooring, cabinetry, and beer cave.
