Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5000 Carpenters Crk Dr Pensacola, FL 32503
    Back to Search
    Property profile & analytics

    5000 Carpenters Crk Dr Pensacola, FL 32503

    View on Map
    • Office properties & Spaces
    • 2.11 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 5000 Carpenters Crk Dr

    Lot size
    2.11 lot acres
    Property type
    Office properties & Spaces
    Property subtype
    Land

    Description

    This exceptional 2.11-acre commercial land parcel in Pensacola, Florida, presents a unique investment opportunity. Located at 5000 Carpenters Creek Drive, Escambia County (APN: 331S307200000024), this property boasts a desirable R-2 zoning designation, opening doors to a variety of development possibilities. The land is priced at $550,000, translating to approximately $284,360 per acre. Its strategic location offers convenient access to key amenities. The property enjoys creek frontage on Carpenter Creek Drive, providing a tranquil setting. Its proximity to major thoroughfares like Askew Drive and Bayou Boulevard, along with its close vicinity to Cordova Mall, Pensacola Airport, and Sacred Heart Hospital, ensures high visibility and accessibility. Askew Drive intersects with Bayou Boulevard across from Cordova Mall, while Carpenter Creek Drive intersects with North 9th Avenue across from a Publix supermarket. This prime location offers significant potential for commercial development, making it an attractive investment for discerning buyers seeking a well-situated property in a thriving area. The zip code is 32503. The coordinates are 30.470115 latitude and -87.2108356 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.2108
    Latitude
    30.4701

    Comparable in this City

    • Value Estimation by Request
      2,600 SF

      Palafox St

      Office properties & Spaces • 2,600 SF
      0 Palafox St, Pensacola, FL 32503
      View Details
    • Value Estimation by Request
      1.15 Acres

      518 Royce St

      Land • 1.15 Acres
      518 Royce St, Pensacola, FL 32503
      View Details
    • Value Estimation by Request
      3.00 Acres

      4801 Davis Hwy

      Individual retail properties • 5,500 SF
      4801 Davis Hwy, Pensacola, FL 32503
      View Details
    • Value Estimation by Request
      0.50 Acres

      5509 Duval St

      Land • 0.50 Acres
      5509 Duval St, Pensacola, FL 32503
      View Details
    • Value Estimation by Request
      4.00 Acres

      2119 Airport Blvd

      Land • 4.00 Acres
      2119 Airport Blvd, Pensacola, FL 32503
      View Details
    • Value Estimation by Request
      38,022 SF

      3822 9Th Ave

      Neighborhood centers • 38,022 SF
      3822 9Th Ave, Pensacola, FL 32503
      View Details

    Similar Nearby for Sale

    • $1,225,000
      4,000 SF

      Pensacola Medical Office Building

      Prime Cordova Location, 4000+ SF
      540 Fontaine St, Pensacola, FL 32503
      View Details
    • $949,000
      4,299 SF

      Prime Pensacola Medical Office

      Profitable 3,560 SF medical building.
      4455 N 9th Ave, Pensacola, FL 32503
      View Details
    • $649,000
      2,420 SF

      Prime Pensacola Medical Office Space

      2,420 SF Office/Medical Building - Sale or Lease
      3298 Summit Blvd, Pensacola, FL 32503
      View Details
    • $1,600,000
      3,227 SF

      Bayou Blvd Office Building For Sale

      Prime Pensacola Office Space, Excellent Location
      4465 Bayou Blvd, Pensacola, FL 32503
      View Details
    • $799,000
      3,586 SF

      Pensacola Medical Office Building

      Prime Pensacola location, 3,586 SF, 20+ parking spaces.
      4850 N 9th Ave, , FL, Pensacola, FL 32503
      View Details
    • $1,900,000
      5,400 SF

      East Hill Medical Office Building

      Prime Pensacola location, 5,400 SF, renovated.
      1120 E Avery St, Pensacola, FL 32503
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      2,700 SF

      Pensacola Office Space For Lease

      Flexible Office Suites in Prime Location
      3298 Summit Blvd, Pensacola, FL 32503
      View Details
    • $975 /Mo
      152 SF

      Pensacola Office Suite - 152 SF

      Prime Pensacola office space, fully serviced, ideal for small business.
      2810 E Cervantes St, Pensacola, FL 32503
      View Details
    • $1,200 /Mo
      750 SF

      Pensacola Heights Office Space Available

      750 sq ft office, $1200/month, immediate occupancy
      810 Scenic Hwy, Pensacola, FL 32503
      View Details
    • $16 SF/Yr
      2,730 SF

      Pensacola Office Space: 2730 SF

      Prime Pensacola office, 7 offices, great location.
      4400 Bayou Blvd, Pensacola, FL 32503
      View Details
    • $3,000 /Mo
      1,600 SF

      Prime Pensacola Office Space

      1600 sq ft office, Cordova Square. NNN Lease.
      4400 Bayou Blvd, Pensacola, FL 32503
      View Details
    • $775 /Mo
      155 SF

      Pensacola Office Suite - 155 SF

      Modern, full-service office suite in prime Pensacola location.
      3298 Summit Blvd, Pensacola, FL 32503
      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.
    5000 Carpenters Crk Dr
    Pensacola, FL 32503
    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
    5000 Carpenters Crk Dr, Pensacola, FL, 32503
    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!