Pensacola Gas Station Investment
For Sale
Contact for pricing
1900 North W Street, Pensacola, FL 32505
Gas station with property, renovated in 2024, ready to operate.
Property Size2,856 SF
Price / SF$262.61
Days on Market810
Property Features for 1900 North W Street
General Information
Standard status
Active
Size
2,856 SF
Class
B
Property subtype
Retail
Zoning
COM
Lease Type
NNN
Investment Type
Owner/User
Building Details
Year Renovated
2024
Buildings
1
Stories
1
Listing Agency:
FMIG
Listed By:
Faith Morgan · License #Alabama 000162267
(850) 889-2571
Source:
Crexi
Added: Jul 29, 2024
Changed: Oct 15
Last Checked: Oct 16 at 6:08AM
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 FMIG
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This gas station, located in the heart of Pensacola on N W Street, presents a prime investment opportunity. The property, currently under renovation and prepared to open, features a large walk-in cooler and a custom beer cave. The renovated building includes new flooring and cabinetry. It is equipped with two new pumps, largely stocked shelving, two restrooms, office spaces, and storage space. A new roof has been installed. POS systems and a security system are in place. The property was renovated in 2024. Situated near W Fairfield DR and W Cervantes, the location benefits from high traffic, with over 40,000 cars passing daily. It is located approximately 9 minutes from Downtown Pensacola and I-10. The property size is 2,856 square feet.
Key Highlights
- High Traffic Location: Over 40,000 cars daily.
- Gas Station with Property: Includes both business and real estate.
- Recently Renovated: Renovated in 2024 with new pumps, roof, flooring, cabinetry, and beer cave.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,151
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$683,020
$683.0K
Cap Rate 7%
$487,871
$487.9K
Cap Rate 9%
$379,456
$379.5K
Market Conditions
NOI Build-Up for 2,856 SF
Gross rent
$49.7K $17.40/SF
− Vacancy
−$4.2K −$1.46/SF
EGI
$45.5K $15.94/SF
− OpEx
−$11.4K −$3.99/SF
NOI
$34.2K $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 Rate 5%
$683,020
Cap Rate 7%
$487,871
Cap Rate 9%
$379,456
Alternative Uses
Best Use
Specialty Retail
$487.9K
$426.9K – $569.2K
NOI $34,151 @ 7.0% cap · market cap 4.55%
Second Best
Retail
$461.1K
$403.5K – $538.0K
NOI $32,279 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$838.2K
$733.4K – $977.9K
NOI $58,674 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
8k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
4,570 visits/mo
0.5 miles
Family Dollar
Shops & Services
3,205 visits/mo
0.5 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Gas station - Gas station with property, renovated in 2024, ready to operate.
Where is this gas station located?
The property is located at 1900 North W Street Pensacola, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: High Traffic Location: Over 40,000 cars daily.; Gas Station with Property: Includes both business and real estate.; Recently Renovated: Renovated in 2024 with new pumps, roof, flooring, cabinetry, and beer cave.
