High-Income Pensacola Retail
For Sale
$5,000,000
5104 North "W" Street, Pensacola, FL 32505
15,884 SF High Income Plaza For Sale or Lease
Property Size15,884 SF
Lot Size1.66 Acres
Price / SF$314.78
Days on Market607
Property Features for 5104 North "W" Street
General Information
Standard status
Active
Property type
Shopping centers, Other retail properties, Individual retail properties, Retail properties & Spaces
Size
15,884 SF
Total Parking Spaces
20
Elevators
N/A
Lot size
1.66 Acres
Building Details
Year Built
2009
Buildings
1
Stories
1
Listed By:
Paul Salter
(850) 564-0120
Added: Feb 7, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
This retail plaza, located in Pensacola, Florida, offers a substantial investment opportunity. The property features 15,884 square feet of retail space and is situated on approximately 1.66 acres. The tenant mix is anchored by a liquor store that generates an estimated $3 million in annual revenue. The plaza also includes a nightclub and a full-service bar. The retail space incorporates a drive-thru liquor store, multiple walk-in coolers, and ample storage areas. A warehouse section with a roll-up door provides additional storage capacity. The property benefits from its location near high-traffic intersections, ensuring consistent customer flow. Current tenants demonstrate a history of reliable monthly revenue. The property is located in Escambia County.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$179,524
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,590,480
$3.6M
Cap Rate 7%
$2,564,629
$2.6M
Cap Rate 9%
$1,994,711
$2.0M
Market Conditions
NOI Build-Up for 15,884 SF
Gross rent
$285.9K $18.00/SF
− Vacancy
−$29.4K −$1.85/SF
EGI
$256.5K $16.15/SF
− OpEx
−$76.9K −$4.84/SF
NOI
$179.5K $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%
$3,590,480
Cap Rate 7%
$2,564,629
Cap Rate 9%
$1,994,711
Alternative Uses
Best Use
Retail
$2.56M
$2.24M – $2.99M
NOI $179,524 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.66M
$4.08M – $5.44M
NOI $326,322 @ 7.0% cap · market cap 6.53%
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
383
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - 15,884 SF High Income Plaza For Sale or Lease
Where is this shopping center located?
The property is located at 5104 North "W" Street Pensacola, FL.
What is the asking price?
The asking price for this property is $5,000,000.
