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    Property profile & analytics

    1717 T St West Pensacola, FL 32505

    • Investment properties
    • 16,556 SF
    • 8.16 lot acres
    For Sale
    View listing
    $4,800,000
    Value Estimation
    Location Intelligence
    Property ID
    US18-6201913
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • TC'S DINER / Restaurant
    • T&W Flea Market / Flea Market / Antique Store
    • Sisi's Body Jewelry Super Store / Collectibles Store / Jewelry Store
    • Leather 4 U / Leather Goods Store
    • Izzy's Happy Trails / Cannabis Store

    Property Details for 1717 T St

    Year built
    1970
    Construction
    WOOD
    Lot size
    8.16 lot acres
    Property size
    16,556 SF
    Zone code
    HC/LI
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    31-2S-30-3000-001-030
    APU
    312S303000001030

    Description

    This exceptional investment opportunity presents a thriving 80,000 square foot flea market in West Pensacola, Florida. Located on a 12.74-acre lot at 1717 N T St, 32505, this established business boasts 446 vendor units, currently operating at 100% occupancy. The property features a gross lease structure and includes a separate two-acre commercial parcel with an 18,000 square foot building, offering potential for redevelopment or renovation. The asking price is $4,800,000, representing a compelling $60 per square foot and a 9.11% cap rate, with a current NOI of $437,400. The property benefits from heavy commercial/light industrial zoning and is situated near downtown Pensacola. The sale includes both the real estate and the established business, complete with experienced local management, minimizing the buyer's operational involvement. This highly profitable flea market has a strong history of success, demonstrating resilience to economic downturns and online competition. The primary income stream is derived from vendor booth rentals, housed within fixed-roof structures recently updated with new roofs. This is a cash-flow positive business ideal for active business entrepreneurs seeking a proven, recession-resistant investment.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.2478
    Latitude
    30.4304
    CBSA code
    37860
    CBSA name
    PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $15,384
    $0.00
    $0.00
    $1,050,091
    -
    $141,510
    $908,581
    $1,050,091

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    West Pensacola, FL 32505
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    Realmo Value Estimation

    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.

    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.

    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
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