Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Blue Angel Pkwy Pensacola, FL 32506
    Back to Search
    Property profile & analytics

    Blue Angel Pkwy Pensacola, FL 32506

    View on Map
    • Land
    • 7.96 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

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

    Property Details for 0 Blue Angel Pkwy

    Lot size
    7.96 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 7.96-acre commercial property, located on S Blue Angel Pkwy in Pensacola, Florida (Escambia County, zip code 32506), presents a remarkable investment opportunity. The property, identified by APN 23-2S-31-1102-020-002, is zoned HC/LI, offering a wide range of development possibilities. With utilities readily available, including sewer, water, and power, this site is ready for immediate development. A survey is available upon request. The land encompasses approximately 346,938 square feet and boasts excellent road access, with an average daily traffic count of 21,500 on S Blue Angel Pkwy. While approximately 10% of the land is designated as wetlands and falls within a 10% flood zone, the remaining acreage offers significant potential for various uses. Conceptual development options include, but are not limited to: RV and boat parking, outdoor storage facilities, warehouse or storage space, mobile home park, RV park, townhomes, retail establishments, restaurants, hotels/motels, and car washes. This property is priced at $799,000 and represents a unique chance to capitalize on the growing Pensacola market. The property is not located in an Opportunity Zone.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.3466
    Latitude
    30.3989

    Comparable in this City

    • Value Estimation by Request
      27.00 Acres

      98 & Blue Angel Pkwy

      Farms • 27.00 Acres
      98 & Blue Angel Pkwy, Pensacola, FL 32506
      View Details
    • Value Estimation by Request
      0.23 Acres

      7900 Lillian Hwy

      Land • 0.23 Acres
      7900 Lillian Hwy, Pensacola, FL 32506
      View Details
    • Value Estimation by Request
      5.17 Acres

      1325 69Th Ave

      Multifamily properties • 5.17 Acres
      1325 69Th Ave, Pensacola, FL 32506
      View Details
    • Value Estimation by Request
      3.89 Acres

      7201 Us-98

      Multifamily properties • 3.89 Acres
      7201 Us-98, Pensacola, FL 32506
      View Details
    • Value Estimation by Request
      3.40 Acres

      1310 65Th Ave

      Land • 3.40 Acres
      1310 65Th Ave, Pensacola, FL 32506
      View Details
    • Value Estimation by Request
      14.59 Acres

      5061 Mobile Hwy

      Land • 14.59 Acres
      5061 Mobile Hwy, Pensacola, FL 32506
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Pensacola Development Site on Hwy 98

      Prime 85-acre development site in Pensacola, Florida.
      98 & Blue Angel Pkwy, Pensacola, FL 32506
      View Details
    • $299,900
      22.50 Acres

      Pensacola Equestrian-Like Property

      22.5-acre property near Tarkiln Bayou Preserve State Park.
      Havburg Dr, Pensacola, FL 32506
      View Details
    • $2,425,000
      27,491 SF

      West Side Warehouse - Pensacola, FL

      Large Warehouse, Prime Location, High Potential
      735 N Fairfield Dr, Escalante, FL 32506
      View Details
    • $698,500

      Land Available on Lillian Highway

      Land for sale on Lillian Hwy, Pensacola, Florida.
      12460 Lillian Hwy, Pensacola, FL 32506
      View Details
    • $375,000

      Land on Lillian Highway

      Land available west of Lillian Highway in Pensacola, Florida.
      13300 Lillian Hwy, Pensacola, FL 32506
      View Details
    • $335,000

      Pensacola Land For Sale

      Land available on Lillian Hwy in Pensacola, Florida.
      10950 Lillian Hwy, Pensacola, FL 32506
      View Details

    Similar Nearby for Lease

    • $3,500 /Mo
      33,794 SF

      Pensacola Commercial Redevelopment Site

      0.94-acre site, high-traffic location, adaptive reuse.
      4955 Mobily Hwy, Pensacola, FL 32506
      View Details
    • $10 SF/Yr
      5,976 SF

      Pensacola Warehouse: 5,976 SF NNN Lease

      West Pensacola warehouse & office space available. Ideal for diverse businesses.
      6707 Lillian Hwy, Pensacola, FL 32506
      View Details
    • $700 /Mo
      10,139 SF

      Pensacola PAD Site: Prime Lease Opportunity

      High-visibility land lease near major shopping center.
      7900 Lillian Hwy, Pensacola, FL 32506
      View Details
    • $2,000 /Mo
      19,103 SF

      Prime Pensacola Land Lease

      High-visibility lot, ideal for various businesses.
      1316 N New Warrington Rd, Pensacola, FL 32506
      View Details
    • Contact for pricing

      3.38 AC Lot For Lease

      3.38 AC lot with frontage on S Blue Angel Parkway.
      8 S Blue Angel Pkwy, Pensacola, FL 32506
      View Details
    • $7,500 /Mo
      15,405 SF

      Warehouse and Offices with Yard

      Spacious warehouse and office space with high visibility.
      9133 Highway 98 W, Pensacola, FL 32506
      View Details
    Request Owner's contact information
    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.
    Blue Angel Pkwy
    Pensacola, FL 32506
    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
    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

    Thank You for Inquiry
    Blue Angel Pkwy, Pensacola, FL, 32506
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!