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    High-Traffic Barrancas Avenue Retail Center Title is generated by Realmo AI

    3620 Barrancas Ave, Pensacola, FL 32507

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    High-visibility retail center near downtown Pensacola with flexible suite options.

    Type:Retail, Office
    Property size:
    8,220 SF
    Added:
    Jan 12, 2023
    Days on Market:
    1240
    Last Refresh:
    May 12 at 10:17 pm

    Property Features for 3620 Barrancas Ave

    General Information

    Standard status
    Active
    Size
    8,220 SF
    Property subtype
    Retail, Office

    Building Details

    Year Built
    1952

    Spaces For Lease

    at 3620 Barrancas Ave Contact us

    Suite 3640 $13/Mo

    Size
    1,560 SF
    Type
    Retail, Office
    This flexible commercial unit offers a well-designed layout suited for office or...
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    Contact us

    Suite 3624 $13/Mo

    Size
    1,560 SF
    Type
    Retail, Office
    Fully renovated and move-in ready, this 1,560 SF suite offers a sleek, modern layout...
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    Contact us

    SUITE 3622 $12/Mo

    Size
    900 SF
    Type
    Retail, Office
    900 SF +/- In-Line Unit that is adjacent to the corner unit (also available). Could...
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    Contact us

    We can help!

    Listing Contact
    Cameron Cauley

    Listing agent Cameron Cauley License #FL 3284874

    Listing office NAI Pensacola

    Listing date Jan 12, 2023

    Source Crexi

    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 NAI Pensacola

    HighLights

    • High‑visibility location on heavily traveled Barrancas Avenue with 28,500 CPD.
    • Close proximity to Downtown Pensacola, Pensacola Naval Air Station, and residential areas.
    • Flexible suite options available within an 8,220 SF +/- multi‑tenant neighborhood strip center.
    • Fully fenced‑in rear area suitable for lay‑down space, overflow parking, or ground lease.
    • Ample parking available for customers and guests.
    • Professionally managed center with competitive lease rates.

    Overview

    Position your business for success at Barrancas Center, a high-visibility, high-traffic property ideally located near the Downtown Core and the densely populated West Side of Pensacola. The 8,220 SF multi-tenant neighborhood strip center fronts the heavily traveled Barrancas Avenue commuter corridor. The property boasts a fully fenced-in rear area that can serve as a lay-down space, overflow parking, or utilized as a ground lease. There is ample parking across the front of the building and sides for guests. The Center is positioned along Barrancas Avenue which is a travel corridor to the downtown business district, and the front entrance of Pensacola Naval Air Station. It is located directly across from the Pensacola Country Club and is heavily surrounded by residential rooftops. The property has 28,500 CPD. Join a roster of long-term, successful tenants in a professionally managed center offering flexible suite options, overflow parking, rear access entries and competitive lease rates. Don’t miss your opportunity to lease in one of Pensacola’s most accessible and active corridors.
    Property Profile Location Intelligence

    Current Use by Public Records

    NUCLEAR INK TATTOO ... Tattoo & Piercing Shop Smart Homes of NW ... Tech Support Center

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.2621856
    Latitude
    30.3924038

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    FAQs

    What type of property is this?
    Strip mall - High-visibility retail center near downtown Pensacola with flexible suite options.
    Where is this strip mall located?
    The property is located at 3620 Barrancas Ave Pensacola, FL.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: High‑visibility location on heavily traveled Barrancas Avenue with 28,500 CPD.; Close proximity to Downtown Pensacola, Pensacola Naval Air Station, and residential areas.; Flexible suite options available within an 8,220 SF +/- multi‑tenant neighborhood strip center.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Cameron Cauley
    Real Estate License ID: FL 3284874
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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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