Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5000 Grande Dr Pensacola, FL 32504

    Sponsored
    For Sale
    $13,000,000

    9.43 Acres, C-2 Zoning, $13M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    409
    This exceptional 9.43-acre parcel presents a unique investment opportunity in Pensacola, Florida. Located at 5000 Grande Dr, Escambia County (APN 331S307101000000), this property boasts a highly desirable C-2 zoning designation, opening doors to a wide range of commercial and residential development possibilities. The expansive lot size offers significant potential for multifamily housing, office spaces, or a mixed-use development, catering to the growing needs of the Pensacola area. With a list price of $13,000,000, the land value calculates to approximately $1,378,579 per acre, reflecting the strategic location and development potential. The property's address is 5000 Grande Dr, Pensacola, FL 32504 (30.471126, -87.203793). This prime location offers easy access to major transportation routes and established amenities, making it an attractive proposition for both developers and investors seeking a high-return investment in a thriving Florida market. The flexibility afforded by the C-2 zoning allows for creative and lucrative development plans, ensuring a strong return on investment. Serious inquiries are encouraged to explore the full potential of this exceptional property.

    Property Features for 5000 Grande Dr

    General Information

    Property type
    Multifamily properties
    Lot Size
    410,771 SF

    We can help!

    Listing Contact
    Theo Baars
    Theo Baars

    Learn more

    HighLights

    • 9.43‑acre land parcel in Pensacola, Florida.
    • Asking price: $13,000,000.
    • Located at 5000 Grande Dr, Pensacola, FL 32504 (APN: 331S307101000000).
    • C‑2 zoning.
    • Land value: $1,378,579 per acre.
    • Property type: Multifamily, Commercial, Residential, Office land.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Hair Salon Spa & Massage Dental Office Nail Salon Food Market Clothing Store Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.203793
    Latitude
    30.471126

    Nearby Similar for Sale

    • $950,000

      Turnkey Income Property in Pensacola

      Fully functioning 6-unit income property with high-yield potential.
      2001 N 61St Ave, Pensacola, FL 32506
      View Details
    • New
      $330,000

      Pensacola Duplex with Inground Pool

      Duplex in Pensacola, FL, featuring a saltwater pool and large yard.
      3781 Nobles St, Pensacola, FL 32514
      View Details
    • $550,000

      Pensacola Quadruplex: Strong Income Potential

      Fully occupied, updated 4-unit property near shopping and airport.
      2881 E Johnson Ave, Pensacola, FL 32514
      View Details
    • $725,000

      Historic Downtown Pensacola Quadruplex

      Income-producing, furnished quadruplex in Pensacola's historic Old East Hill.
      522 N 7Th Ave, Pensacola, FL 32501
      View Details
    • $590,000
      2,380 SF

      Pensacola Single-Story Home with Pond View

      Four-bedroom home in maritime community with pond and marina access.
      4003 Indigo Dr, Pensacola, FL 32507
      View Details
    • New
      $599,900
      Pending

      Luxury Duplex Near Pristine Beaches

      Luxury duplex investment property with high-end finishes and furnishings.
      14013 Innerarity Point Rd, Pensacola, FL 32507
      View Details
    • $799,999

      Restored Quadruplex in Old East Hill

      Restored multi-unit property with income potential in Old East Hill.
      600 E Jackson St, Pensacola, FL 32501
      View Details
    • New
      $248,000
      1,321 SF

      Pensacola Investment Property For Sale

      Fully leased residential investment property near NAS Pensacola.
      214 Brown Rd, Pensacola, FL 32507
      View Details
    • $223,900

      Pensacola Duplex Investment Opportunity

      Two homes on one parcel in Myrtle Grove, Pensacola.
      907 N 57Th Ave, Pensacola, FL 32506
      View Details
    • $795,000
      0.19 Acres

      Updated Triplex in Historic North Hill

      Updated triplex near downtown Pensacola, ideal for investors or owner-occupiers.
      4 W De Soto St, Pensacola, FL 32501
      View Details
    • $795,000

      Pensacola Duplex with Converted Garage

      Updated duplex with converted garage near downtown Pensacola.
      4 W De Soto St, Pensacola, FL 32501
      View Details
    • New
      $325,000
      2,154 SF

      Pensacola Multi-Property with Income Potential

      Multi-property on 4.2 acres near the Gulf with income potential.
      8300 Gulf Beach Hwy, Pensacola, FL 32507
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 9.43 Acres, C-2 Zoning, $13M
    Where is this multifamily property located?
    The property is located at 5000 Grande Dr Pensacola, FL.
    What is the asking price?
    The asking price for this property is $13,000,000.
    What are key features of this property?
    This property features: 9.43-acre land parcel in Pensacola, Florida.; Asking price: $13,000,000.; Located at 5000 Grande Dr, Pensacola, FL 32504 (APN: 331S307101000000).
    Request Owner's contact information
    5000 Grande Dr Pensacola, FL 32504
    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.
    5000 Grande Dr
    Pensacola, FL 32504
    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
    5000 Grande Dr Pensacola, FL 32504
    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

    We can help!
    Listing Contact
    Theo Baars
    Theo Baars
    Real Estate License ID: FL 3236746
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.