Automotive Assemblage with Dual
For Sale
$650,000
5500 N W St, Pensacola, FL 32505
Three joined parcels include existing buildings, access drives, lighting, and an on-site vehicle display area.
Property Size1,460 SF
Lot Size1.34 Acres
Price / SF$304.59
Days on Market192
Property Features for 5500 N W St
General Information
Standard status
Active
Size
1,460 SF
Lot size
1.34 Acres
Property subtype
Retail
Zoning
HC/LI and HDMU
Site & Location
Road Access
Yes
Outdoor Storage
Yes
Additional Details
Land Use
commercial, automotive
Amenities
commercial lighting
access drives
on-site parking/display area
Building Details
Building Size
1,460 SF
Year Built
1954
Buildings
2
Listing Agency:
NAI Pensacola
Listed By:
DeeDee Davis · License #FL #BK3420583
(850) 380-6150
Source:
Naiglobal
Added: Apr 8
Changed: Oct 15
Last Checked: Oct 14 at 9:00PM
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 NAI Pensacola
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Investment Insights
Based on property information with market context.
This automotive property comprises three connected parcels totaling approximately 1.34 acres, with two existing buildings totaling 2,134 SF. The site is currently used as a car lot and includes commercial lighting, access drives, on-site parking, and a vehicle display area. Zoned HC/LI and HDMU, the property offers an established commercial setting for automotive sales, fleet operations, service businesses, or future redevelopment.
The assemblage occupies the intersection of North W Street and W. Michigan Avenue in Pensacola, with approximately 225 feet of frontage along W Street and approximately 294.6 feet along W. Michigan Avenue. Traffic exposure is reported at 27,000 CPD on W Street and near 37,000 CPD along the Michigan Avenue commuter corridor. The property is minutes from Pensacola Blvd “Car City” and nearby national automotive users.
The assemblage occupies the intersection of North W Street and W. Michigan Avenue in Pensacola, with approximately 225 feet of frontage along W Street and approximately 294.6 feet along W. Michigan Avenue. Traffic exposure is reported at 27,000 CPD on W Street and near 37,000 CPD along the Michigan Avenue commuter corridor. The property is minutes from Pensacola Blvd “Car City” and nearby national automotive users.
Key Highlights
- Three‑parcel assemblage totaling approximately 1.34 acres
- Two existing buildings totaling 2,134 SF
- Approximately 225 feet of combined frontage on W Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,119
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,380
$482.4K
Cap Rate 7%
$344,557
$344.6K
Cap Rate 9%
$267,989
$268.0K
Market Conditions
NOI Build-Up for 2,134 SF
Gross rent
$38.4K $18.00/SF
− Vacancy
−$4.0K −$1.85/SF
EGI
$34.5K $16.15/SF
− OpEx
−$10.3K −$4.84/SF
NOI
$24.1K $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%
$482,380
Cap Rate 7%
$344,557
Cap Rate 9%
$267,989
Alternative Uses
Best Use
Retail
$344.6K
$301.5K – $402.0K
NOI $24,119 @ 7.0% cap · market cap 3.71%
Second Best
Industrial
$171.9K
$150.4K – $200.6K
NOI $12,033 @ 7.0% cap · market cap 1.85%
Theoretical Best
Office A
$626.3K
$548.0K – $730.7K
NOI $43,841 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
606
Businesses Nearby
38k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 98%
Hotels & Casinos 2%
CEFCO
Shops & Services
18,276 visits/mo
0.3 miles
Dollar General
Shops & Services
7,002 visits/mo
0.3 miles
Shell
Shops & Services
4,942 visits/mo
0.2 miles
Family Dollar
Shops & Services
4,175 visits/mo
0.3 miles
Advance Auto Parts
Shops & Services
2,565 visits/mo
0.4 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
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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?
Automotive property - Three joined parcels include existing buildings, access drives, lighting, and an on-site vehicle display area.
Where is this automotive property located?
The property is located at 5500 N W St Pensacola, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Three‑parcel assemblage totaling approximately 1.34 acres; Two existing buildings totaling 2,134 SF; Approximately 225 feet of combined frontage on W Street
