Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Pensacola Kiosk for Lease Title is generated by Realmo AI

    501 S Palafox Street, Pensacola, FL 32502

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $950 /Mo

    Prime kiosk available in vibrant downtown Pensacola open-air venue.

    Type:Retail
    Added:
    Mar 6, 2026
    Days on Market:
    76
    Last Refresh:
    Apr 6 at 12:22 am

    Property Features for 501 S Palafox Street

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 501 S Palafox Street Contact us

    We can help!

    Listing Contact
    Michael Carro, CCIM
    Michael Carro, CCIM

    Listing agent Michael Carro, CCIM License #FL #BK3179263

    Listing office SVN | Southland Commercial Real Estate

    Listing date Mar 6, 2026

    Source Svn

    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

    HighLights

    • Prime kiosk location at a high‑traffic intersection in downtown Pensacola.
    • Located within The Garden at Palafox and Main, a popular open‑air venue.
    • Benefits from a built‑in customer base of locals, tourists, and downtown professionals.
    • Opportunity to gain high visibility for a food, beverage, or retail concept.
    • Features a mix of food vendors, craft drinks, live music, and community events.
    • Consistent foot traffic due to its central location.

    Overview

    Located in downtown Pensacola, The Garden at Palafox and Main is an open-air venue that features food vendors, craft drinks, live music, and community events. Situated at a busy intersection, the venue attracts foot traffic from locals, tourists, and downtown professionals. A kiosk is available for lease, offering an opportunity for a food, beverage, or specialty retail concept to gain visibility and consistent traffic.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Garden at Palafox + Main Restaurant Perennial Patio Bar Bar & Pub Frostyworld Gelato Grocery & Convenience Store Downtown Dessert Bar Grocery & Convenience Store Fort George Resort

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.2145
    Latitude
    30.4074

    Nearby Similar for Lease

    • $26 SF/Yr
      2,100-2,100 SF

      Turnkey Restaurant Space For Lease

      Fully built-out restaurant space available for immediate occupancy in Pensacola.
      7700 West Fairfield Dr, Unit Pensacola, Pensacola, FL 32506
      View Details
    • Sponsored
      Contact for pricing

      FL, Pensacola – 545 Brent Lane

      545 Brent Ln Pensadola, Unit 32506, Pensacola, FL 32503
      View Details
    • $3,500/Mo
      4,500 SF

      Functional Warehouse Space For Lease

      4,500 SF warehouse with office space near Highway 29.
      8670 Fowler Avenue Building C1, Pensacola, FL 32534
      View Details
    • $3,500/Mo
      4,500 SF

      Functional Warehouse Space For Lease

      4,500 SF warehouse with office space near Highway 29.
      8670 Fowler Avenue Building C1, Pensacola, FL 32534
      View Details
    • $5 SF/Yr
      7,500 SF

      New Industrial Space with Office

      New construction industrial space with office in Pensacola, Florida.
      3375 Copter Rd., Pensacola, FL 32514
      View Details
    • $5 SF/Yr
      7,500 SF

      New Industrial Space with Offices

      New industrial spaces with offices and convenient highway access.
      3375 Copter Rd., Pensacola, FL 32514
      View Details
    • $15 SF/Yr
      1,964 SF

      Pensacola Freestanding Office Building

      Two-story office building in Pensacola, close to downtown and waterfront.
      824 E La Rua St, Pensacola, FL 32501
      View Details
    • $15 SF/Yr
      8,764 SF

      Redevelopment Opportunity on West Main

      Redevelopment-ready stand-alone building on rapidly expanding West Main corridor.
      1180 W. Main Street, Pensacola, FL 32501
      View Details
    • $6,465/Mo
      8,084 SF

      Functional Industrial Facility on Palafox

      7,698 SF industrial facility with warehouse and office space for lease.
      2370 N Palafox St, Pensacola, FL 32501
      View Details
    • $6,465/Mo
      7,698 SF

      Functional Industrial Facility with Office

      7,698± SF industrial facility with warehouse and office space.
      2370 N Palafox St, Pensacola, FL 32501
      View Details
    • $8 SF/Yr
      5,000 SF

      Pensacola Retail & Warehouse Space

      Retail and warehouse space available in rapidly growing Pensacola trade area.
      3110 N Davis Hwy, Pensacola, FL 32503
      View Details
    • $1.75 SF/Yr
      2,000-2,000 SF

      New Warehouse on Gulf Beach

      New 2,000 SF warehouse in growing commercial corridor.
      8625 Gulf Beach Hwy, Pensacola, FL 32507
      View Details

    FAQs

    What type of property is this?
    Retail space - Prime kiosk available in vibrant downtown Pensacola open-air venue.
    Where is this retail space located?
    The property is located at 501 S Palafox Street Pensacola, FL.
    What is the lease rate?
    The lease rate is $950 /Mo.
    What are key features of this property?
    This property features: Prime kiosk location at a high‑traffic intersection in downtown Pensacola.; Located within The Garden at Palafox and Main, a popular open‑air venue.; Benefits from a built‑in customer base of locals, tourists, and downtown professionals.
    (850) 434-7500
    We can help!
    Listing Contact
    Michael Carro, CCIM
    Michael Carro, CCIM
    Real Estate License ID: FL #BK3179263
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    501 S Palafox Street, Pensacola, FL 32502
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!