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    Pensacola Land on Blue Angel Title is generated by Realmo AI

    +/- 83 Acres S Blue Angel Pkwy, Pensacola, FL 32506

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    For Sale
    $350,000

    83.43 acres of land near NAS Pensacola.

    Type:Land
    Property size:
    83 SF
    Price / SF:
    $4,216/SF
    Added:
    Nov 21, 2025
    Days on Market:
    194
    Last Refresh:
    May 8 at 8:04 pm

    Property Features for +/- 83 Acres S Blue Angel Pkwy

    General Information

    Standard status
    Active
    Size
    83 SF
    Property subtype
    Land

    We can help!

    Listing Contact
    Harry Bell Jr.
    Harry Bell Jr.

    Listing agent Harry Bell Jr. License #AL #000078384-1

    Listing office Bellcore Commercial LLC

    Listing date Nov 21, 2025

    Source Bellcorecommercial

    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 Bellcore Commercial LLC

    HighLights

    • Large +/- 83.43 acre site suitable for development
    • High‑Density Mixed‑Use (HDMU) zoning allows for diverse development options
    • Located on S Blue Angel Hwy (21,500 AADT) at a signalized intersection
    • Proximity to Naval Air Station (NAS) Pensacola, a major employment center
    • Close to Pensacola State College, Pensacola High School, and Escambia High School
    • Convenient access to hospitals (Ascension Sacred Heart, Baptist) and Pensacola's beaches

    Overview

    This property features approximately 83.43 acres of land situated along S Blue Angel Highway, which experiences an average annual daily traffic count of 21,500. The zoning is HDMU. The land spans across S Blue Angel Highway at the signalized intersection of Dog Track Road, which sees approximately 6,000 vehicles daily. Centrally located within the Pensacola market, the site offers proximity to Pensacola High School, Escambia High School, Pensacola State College, Ascension Sacred Heart Hospital, Baptist Hospital, restaurants, beaches, and Naval Air Station Pensacola. The property is also near the core retail trade area, the airport, hospital, University of West Florida, NAS Pensacola, Whiting Field Naval Base, and tourist beach destinations such as Perdido Key, Pensacola Beach, Gulf Breeze, and Navarre Beach. Pensacola is located on Florida’s Gulf Coast near the Florida/Alabama state line and has experienced explosive growth in recent years due to high population growth and strong median income. The strong economy and tourism have fueled the housing and retail demand in Pensacola over recent years. The government has a substantial presence in the metro, with more than 23,000 military and civilian personnel employed at NAS Pensacola, located just miles from the site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Pelicans in Paradise Monument Museum Tom Thumb Grocery & Convenience Store GNC (Bike/Boat/Book/etc) Store Target Home Goods Store Blue Angel Crossing Shopping Center & Mall

    Suggested Use

    Real Estate Agency Restaurant Hair Salon Pharmacy Daycare Center Kitchen & Bath Showroom Hotel & Motel HVAC Service Cafe & Coffee Shop Computer & Electronic Repair

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.342
    Latitude
    30.4027

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    FAQs

    What type of property is this?
    Land - 83.43 acres of land near NAS Pensacola.
    Where is this land located?
    The property is located at +/- 83 Acres S Blue Angel Pkwy Pensacola, FL.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Large +/- 83.43 acre site suitable for development; High‑Density Mixed‑Use (HDMU) zoning allows for diverse development options; Located on S Blue Angel Hwy (21,500 AADT) at a signalized intersection
    (850) 240-0527
    We can help!
    Listing Contact
    Harry Bell Jr.
    Harry Bell Jr.
    Real Estate License ID: AL #000078384-1
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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.

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    +/- 83 Acres, S Blue Angel Pkwy, Pensacola, FL 32506
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