Pensacola Gas Station Investment
1900 North W Street Pensacola, FL 32505
1900 North W Street, Pensacola, FL, 32505
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For Sale
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Gas station with property, renovated in 2024, ready to operate.
Property Size2,856 SF
Price / SF$262.61
Days on Market720
Property Features for 1900 North W Street
General Information
- Standard status
- Active
- Size
- 2,856 SF
- Property subtype
- Retail
Listing Agency
FMIG
(850) 889-2571
Listed by
Faith Morgan · License ##BK3551079
Source
Crexi
Added: Jul 29, 2024 Checked: Jul 17 at 4:49 am
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.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.7k | $17.40 |
| − Vacancy | −$4.2k | −$1.46 |
| EGI | $45.5k | $15.94 |
| − OpEx | −$11.4k | −$3.99 |
| NOI | $34.2k | $11.96 |
2,856 SF · lease $17.40/SF/yr · vacancy 8.37% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Super Stop
Grocery & Convenience Store
Similar For Sale Nearby
FAQs
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.
