Renovated Spa & Wellness
New
For Sale
Contact for pricing
527 Brent Lane, Pensacola, FL 32503
Renovated salon and spa with access from Brent Lane and Phyllis Street and current occupants in place.
Property Size3,152 SF
Lot Size0.58 Acres
Price / SF$285.53
Days on Market6
Property Features for 527 Brent Lane
General Information
Standard status
Active
Size
3,152 SF
Lot size
0.58 Acres
Property subtype
RETAIL
Additional Details
Road Access
Yes
Building Details
Buildings
1
Building Size
3,152 SF
Listing Agency:
Found It Homes, LLC
(850) 324-2318
Listed By:
Glinda Martin
(850) 324-2318
Source:
Moodyscre
Added: Aug 14
Changed: Aug 18
Last Checked: Aug 18 at 6:05AM
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 Found It Homes, LLC
Investment Insights
Based on property information with market context.
This renovated spa and wellness property contains 3,152 square feet on approximately 0.58 acres. The building is configured for salon and personal-service operations, with an existing nail salon, hair salon, and spa in operation. Renovated interiors support continued use in the beauty and wellness sector while allowing the space to be adapted for office or retail purposes.
The property fronts Brent Lane and also has access from Phyllis Street. Its placement along a commercial corridor provides direct exposure and convenient entry and exit. Active tenants or lessors are currently in place, adding an existing occupancy component for an investor or an owner-user evaluating the property.
The property fronts Brent Lane and also has access from Phyllis Street. Its placement along a commercial corridor provides direct exposure and convenient entry and exit. Active tenants or lessors are currently in place, adding an existing occupancy component for an investor or an owner-user evaluating the property.
Key Highlights
- 3,152 SF renovated commercial building
- Approximately 0.58‑acre property
- Frontage on Brent Lane with additional access from Phyllis Street
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
$35,625
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
3.96%
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%
$712,500
$712.5K
Cap Rate 7%
$508,929
$508.9K
Cap Rate 9%
$395,833
$395.8K
Market Conditions
NOI Build-Up for 3,152 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
$56.7K $18.00/SF
− Vacancy
−$5.8K −$1.85/SF
EGI
$50.9K $16.15/SF
− OpEx
−$15.3K −$4.84/SF
NOI
$35.6K $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 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%
$712,500
Cap Rate 7%
$508,929
Cap Rate 9%
$395,833
Alternative Uses
Best Use
Retail
$508.9K
$445.3K – $593.8K
NOI $35,625 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$925.1K
$809.4K – $1.08M
NOI $64,755 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,583
Businesses Nearby
248k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 29%
Shops & Services 26%
Leisure 19%
Home Improvements & Furnishings 18%
AMC Bayou 15
Leisure
48,167 visits/mo
0.4 miles
The Home Depot
Home Improvements & Furnishings
41,374 visits/mo
0.3 miles
Raceway
Shops & Services
39,253 visits/mo
0.2 miles
Starbucks
Dining
22,354 visits/mo
0.5 miles
Buffalo Wild Wings
Dining
15,602 visits/mo
0.4 miles
Demographics for 32503, FL
33,693
Population
14,419
Households
2.3
Avg Household Size
36
Median Age
41%
College-Educated
94%
High-School Grad
12.6 sq mi
ZIP Area
2,674
Density / Sq Mi
$67,654
Median Household Income
$32,077
Median Earnings
$1,226
Median Rent
$270,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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- Surterra Wellness - Medical Marijuana Dispensary | Pensacola — 5046 Bayou Blvd suite a, Pensacola, FL 32503
- Ignite Wellness & Aesthetics — 4621 N Davis Hwy Suite B, Pensacola, FL 32503
- Canna Cavana - Wholesale — 5703 N Davis Hwy, Pensacola, FL 32503
Frequently Asked Questions
What type of property is this?
Spa & wellness property - Renovated salon and spa with access from Brent Lane and Phyllis Street and current occupants in place.
Where is this spa & wellness property located?
The property is located at 527 Brent Lane Pensacola, FL.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: 3,152 SF renovated commercial building; Approximately 0.58‑acre property; Frontage on Brent Lane with additional access from Phyllis Street
