Freestanding QSR with
For Sale
$685,000
3507 Pace Blvd, Pensacola, FL 32505
QSR FOR SALE PENSACOLA FL
Property Size2,984 SF
Lot Size0.88 Acres
Price / SF$229.56
Days on Market229
Property Features for 3507 Pace Blvd
General Information
Standard status
Active
Property type
Other retail properties, Other commercial real estate
Size
2,984 SF
Net Rentable
2,984 SF
Class
B
Total Parking Spaces
20
Lot size
0.88 Acres
Investment Type
1
Building Details
Year Built
1980
Buildings
1
Listing Agency:
FMIG
Listed By:
Faith Morgan · License #ALABAMA000162267
(850) 889-2571
Added: Feb 23
Changed: Apr 8
Investment Insights
Based on property information with market context.
This freestanding 2,984-square-foot property, formerly occupied by Burger King and Mr. Wings, is available for sale in Pensacola, Florida. Situated on 0.88 acres, the property features a drive-thru, a full commercial kitchen, and ample on-site parking. The property is suitable for restaurant or retail use.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,726
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$674,520
$674.5K
Cap Rate 7%
$481,800
$481.8K
Cap Rate 9%
$374,733
$374.7K
Market Conditions
NOI Build-Up for 2,984 SF
Gross rent
$53.7K $18.00/SF
− Vacancy
−$5.5K −$1.85/SF
EGI
$48.2K $16.15/SF
− OpEx
−$14.5K −$4.84/SF
NOI
$33.7K $11.30/SF
Area
Escambia County, FL
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$674,520
Cap Rate 7%
$481,800
Cap Rate 9%
$374,733
Alternative Uses
Best Use
Retail
$481.8K
$421.6K – $562.1K
NOI $33,726 @ 7.0% cap · market cap 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$875.8K
$766.3K – $1.02M
NOI $61,303 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
926
Businesses Nearby
143k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 36%
Apparel 6%
Electronics 2%
CEFCO
Shops & Services
23,077 visits/mo
0.1 miles
McDonald's
Dining
22,580 visits/mo
0.2 miles
Whataburger
Dining
19,400 visits/mo
0.2 miles
Wendy's
Dining
16,454 visits/mo
0.3 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Other retail property - QSR FOR SALE PENSACOLA FL
Where is this other retail property located?
The property is located at 3507 Pace Blvd Pensacola, FL.
What is the asking price?
The asking price for this property is $685,000.
