Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    533 Ft Pickens Rd Pensacola Beach, FL 32561

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $374,900

    Land available on Pensacola Beach, Florida.

    Type:Land
    Added:
    Sep 13, 2023
    Days on Market:
    950
    Last Refresh:
    Mar 16 at 8:23 am

    Property Features for 533 Ft Pickens Rd

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Lorraine Brackin
    Lorraine Brackin

    Listing agent Lorraine Brackin

    Listing office Berkshire Hathaway HomeServices PenFed Realty

    Listing date Sep 13, 2023

    Source Evrealestate

    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 Berkshire Hathaway HomeServices PenFed Realty

    Overview

    Pensacola Beach Land Opportunity

    This land is located on Pensacola Beach in Escambia County, Florida. To find the lot, drive onto Pensacola Beach, make a right at the first light, and continue driving until you see the lot on the left.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Law Firm Real Estate Agency Restaurant Dental Office Pharmacy Big Box & Wholesale Store Food Market Grocery & Convenience Store Cafe & Coffee Shop Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola Beach
    County
    Santa Rosa
    State
    Florida
    Longitude
    -87.1557905
    Latitude
    30.328896

    Nearby Similar for Sale

    • $30,000

      Dry Storage Boat Condo

      Dry storage boat condo at Santa Rosa Yacht Club.
      300 Pensacola Beach Road unit: 94, Pensacola Beach, FL 32561
      View Details
    • $345,000

      Pensacola Beach Vacant Land

      Vacant lot near the heart of Pensacola Beach, Florida.
      521 Fort Pickens Road, Pensacola Beach, FL 32561
      View Details
    • $579,900

      Pensacola Beach Land Opportunity

      0.23-acre lot near Gulf waters in Pensacola Beach, Florida.
      708 Via Deluna Dr, Pensacola Beach, FL 32561
      View Details
    • $345,000

      Pensacola Beach Homesite Opportunity

      Prime homesite near Pensacola Beach with Gulf views.
      521 Ft Pickens Rd, Pensacola Beach, FL 32561
      View Details
    • $375,000

      Pensacola Beach Land in Deluna

      Residential lot in gated community with sound access and pool.
      6 N Galvez Ct, Pensacola Beach, FL 32561
      View Details
    • $1,229,000

      Waterfront Lot on Pensacola Beach

      Rare sound-front lot with private pier rights on Pensacola Beach.
      1581 Bulevar Menor, Pensacola Beach, FL 32561
      View Details
    • $799,000

      Corner Lot with Gulf Views

      Rare 0.29-acre corner lot on Pensacola Beach with Gulf views.
      300 Avenida 23, Pensacola Beach, FL 32561
      View Details
    • $599,000
      1,440 SF

      Sound-Side Condo with Sunset Views

      Spacious three-bedroom condo with resort-style amenities and bay views.
      900 Ft Pickens Rd 312, Pensacola Beach, FL 32561
      View Details
    • $739,000
      1,372 SF

      Beachfront Condo with Gulf Views

      Three-bedroom condo with private balcony, resort-style amenities, and garage parking.
      850 Ft Pickens Rd #1230, Pensacola Beach, FL 32561
      View Details
    • $735,000

      Furnished Condo with Gulf Views

      Furnished 2-bedroom condo in Portofino Island Resort with income potential.
      4 Portofino Dr #803, Pensacola Beach, FL 32561,
      View Details
    • $374,900

      Pensacola Beach Gulf Side Lot

      Buildable lot on the Gulf side of Pensacola Beach.
      533 Ft Pickens Rd, Pensacola Beach, FL 32561
      View Details

    FAQs

    What type of property is this?
    Land - Land available on Pensacola Beach, Florida.
    Where is this land located?
    The property is located at 533 Ft Pickens Rd Pensacola Beach, FL.
    What is the asking price?
    The asking price for this property is $374,900.
    What are key features of this property?
    This property features: Located on Pensacola Beach; Lot available; Located in Escambia County, Florida
    (850) 736-1181
    We can help!
    Listing Contact
    Lorraine Brackin
    Lorraine Brackin
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!