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    7700 West Fairfield Dr, Unit pensacola Pensacola, FL 32506

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    Sponsored
    For Lease
    $26 SF/Yr

    Fully Built-Out Turnkey Restaurant Space Available for Lease

    Property Features for 7700 West Fairfield Dr

    General Information

    Property type
    Restaurants
    Lease Type
    NNN Lease
    TSF (Total sq. ft)
    2,100-2,100 SF
    USF (Usable sq. ft)
    2,100-2,100 SF
    Class
    B
    Total Parking Spaces
    8
    Elevators
    No
    Lease Term
    5+ Years

    Amenities

    Building Details

    Year Built/Renovated
    1976/2025
    Buildings
    1
    Stories
    1

    Overview

    Turnkey Restaurant Space For Lease

    This 2100-square-foot restaurant space is available for lease, offering a turnkey opportunity for immediate startup. The property is positioned along West Fairfield Drive, benefiting from established commercial activity, residential density, and consistent daily traffic. The space features a complete commercial kitchen, installed seating, and essential restaurant infrastructure. The layout accommodates various food concepts, including fast-casual, full-service dining, café/bakery, specialty cuisine, or takeout/delivery operations. The existing seating and front-of-house layout are suited for dine-in, café, or hybrid service models. A new tenant requires minimal upfront investment to launch operations. The property includes appliances, prep areas, cooking equipment, and ventilation systems. Ample parking is available on a marked lot for both staff and guests, along with an outdoor storage area. Pole signage with lighting is available for branding and visibility. The landlord provides equipment included in the lease. Water is included. The tenant is responsible for electric, trash, and gas. The lease is triple net for 5 years.

    We can help!

    Listing Contact
    Joshua Wells

    Learn more

    Property Insight Report
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lana's Jamaica House ... Restaurant K&F Roofing Services Roofing Company

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Building Supply Gym & Fitness Center Accounting Firm Daycare Center Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    State
    Florida
    Longitude
    -87.3131484
    Latitude
    30.4281386

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    FAQs

    What type of property is this?
    Restaurant - Fully Built-Out Turnkey Restaurant Space Available for Lease
    Where is this restaurant located?
    The property is located at 7700 West Fairfield Dr, Unit pensacola Pensacola, FL.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features:
    (850) 565-1076
    Request Owner's contact information
    7700 West Fairfield Dr, Unit pensacola Pensacola, FL 32506
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    Pensacola, FL 32506
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    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
    7700 West Fairfield Dr, Unit pensacola Pensacola, FL 32506
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    Listing Contact
    Joshua Wells
    (850) 565-1076
    Learn more
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