Convenient Store with
For Sale
Contact for pricing
2500 N E St, Pensacola, FL 32501
Corner store with warehouse, yard, and equipment included.
Property Size5,594 SF
Price / SF$178.76
Days on Market748
Property Features for 2500 N E St
General Information
Standard status
Active
Size
5,594 SF
Class
C
Property subtype
Industrial, Mixed Use, Retail, Self Storage
Zoning
COM
Building Details
Year Built
1971
Listing Agency:
Alliance Real Estate
(850) 516-9967
Listed By:
Daniel Hua · License #FL SL3527144
Source:
Crexi
Added: Jul 31, 2024
Changed: Aug 8
Last Checked: May 13 at 8:24PM
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 Alliance Real Estate
Investment Insights
Based on property information with market context.
This property features a convenience store with asphalt parking and free-standing signage. A 2500 square foot cinderblock warehouse is located in the rear of the property, accompanied by a large fenced yard. Upgrades to the property include lighting and the roof. Situated on the corner of E Street and Scott Street, the location on E Street benefits from a traffic volume of 7200 vehicles per day. The corner convenience store presents potential for an owner/user or other investment purposes. The sale includes the goodwill and equipment of the business currently in operation. The property size is 5594 square feet.
Key Highlights
- High traffic corner location (7200 VPD).
- Convenient Store with asphalt parking and free‑standing signage.
- Includes existing business "good‑will" and equipment.
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
$66,891
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
6.69%
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%
$1,337,820
$1.3M
Cap Rate 7%
$955,586
$955.6K
Cap Rate 9%
$743,233
$743.2K
Market Conditions
NOI Build-Up for 5,594 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
$97.3K $17.40/SF
− Vacancy
−$8.1K −$1.46/SF
EGI
$89.2K $15.94/SF
− OpEx
−$22.3K −$3.99/SF
NOI
$66.9K $11.96/SF
Area
Escambia County, FL
Vacancy
8.37%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
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%
$1,337,820
Cap Rate 7%
$955,586
Cap Rate 9%
$743,233
Alternative Uses
Best Use
Specialty Retail
$955.6K
$836.1K – $1.11M
NOI $66,891 @ 7.0% cap · market cap 6.69%
Second Best
Retail
$903.2K
$790.3K – $1.05M
NOI $63,225 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$1.64M
$1.44M – $1.92M
NOI $114,923 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,251
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32501, FL
10,960
Population
5,505
Households
2
Avg Household Size
41
Median Age
30%
College-Educated
86%
High-School Grad
3.7 sq mi
ZIP Area
2,962
Density / Sq Mi
$39,127
Median Household Income
$31,312
Median Earnings
$964
Median Rent
$277,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Corner store with warehouse, yard, and equipment included.
Where is this grocery and convenience store located?
The property is located at 2500 N E St Pensacola, FL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: High traffic corner location (7200 VPD).; Convenient Store with asphalt parking and free‑standing signage.; Includes existing business "good‑will" and equipment.
