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    10457 Sorrento Rd Pensacola, FL 32507
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    Property profile & analytics

    10457 Sorrento Rd Pensacola, FL 32507

    View on Map
    • Community centers
    • 14,280 SF
    • 15.78 lot acres
    For Lease
    $17 SF/Yr
    View Listing →
    Retail or Office Space Available For Lease
    $17 SF/Yr
    2,800 SF

    Retail or Office Space Available

    Retail or office space for lease in growing area.

    10457 Sorrento Rd, Pensacola, FL 32507
    View Listing
    Property ID
    US18-0470398
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Waffle House / Restaurant

    Property Details for 10457 Sorrento Rd

    Year built
    2006
    Construction
    TYPE NOT SPECIFIED
    Lot size
    15.78 lot acres
    Property size
    14,280 SF
    Zone code
    COM
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    13-3S-31-1202-000-001
    APU
    133S311202000001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,337,000
      Market price range: $1.00M - $3.34M
      AI Estimate
      $3,337,000
      Market price range: $1.00M - $3.34M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,200,000
      Current use
      RESTAURANT
      $4,465,000
      Change: +103% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,010,000
      Change: -9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.3618
    Latitude
    30.3579
    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
    $46,645
    $0.00
    $0.00
    $3,341,757
    -
    $513,933
    $2,898,144
    $3,412,077

    Comparable in this City

    • Value Estimation
      $1,415,000
      6,050 SF

      12385 Sorrento Rd

      MINI-MALL • 6,050 SF
      12385 Sorrento Rd, Pensacola, FL 32507-8664
      View Details
    • Value Estimation
      $4,055,000
      57,663 SF

      120 Chiefs Way

      MINI-MALL • 57,663 SF
      120 Chiefs Way, Pensacola, FL 32507-1102
      View Details
    • Value Estimation
      $740,000
      6,460 SF

      13118 Sorrento Rd

      MINI-MALL • 6,460 SF
      13118 Sorrento Rd, Pensacola, FL 32507-8723
      View Details
    • Value Estimation
      $5,900,000
      46,085 SF

      13390 Perdido Key Dr

      MINI-MALL • 46,085 SF
      13390 Perdido Key Dr, Pensacola, FL 32507-4631
      View Details
    • Value Estimation
      $2,785,000
      9,920 SF

      3960 Navy Blvd

      MINI-MALL • 9,920 SF
      3960 Navy Blvd, Pensacola, FL 32507-1265
      View Details
    • Value Estimation
      $8,090,000
      39,420 SF

      400 Navy Blvd

      MINI-MALL • 39,420 SF
      400 Navy Blvd, Pensacola, FL 32507-2086
      View Details

    Similar Nearby for Sale

    • $599,000
      2,447 SF

      Pensacola Restaurant/Commercial Property

      Turnkey restaurant, redevelopment potential. High-traffic location.
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    • $750,000
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      Pensacola Retail Property Investment

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      Prime Pensacola Restaurant Investment

      Net lease, established seafood chain, high traffic location.
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    • $1,400,000
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      Adaptable Commercial Opportunity For Sale

      Versatile commercial property suitable for retail, office, or light industrial.
      1110 Gulf Beach Hwy, Pensacola, FL 32507
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    • Contact for pricing

      Versatile Commercial Property in Pensacola

      Prime redevelopment opportunity near downtown Pensacola and Naval Air Station.
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      Perdido Key Corner Development Opportunity

      Prime commercial land near Perdido Key Beach.
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    Similar Nearby for Lease

    • $1,600 /Mo
      1,240 SF

      Prime Pensacola Retail Space

      Modern 1,240 SF suite in Navy Park Plaza
      3960 W Navy Blvd, Pensacola, FL 32507
      View Details
    • $19 SF/Yr
      1,400 SF

      Sorrento Plaza Retail Space

      West Pensacola retail space, 1,400-5,600 SF available.
      10447 Sorrento Road, Pensacola, FL 32507
      View Details
    • $2,750 /Mo
      1,652 SF

      Prime Pensacola Retail/Office Space

      1652 SF, Updated, Navy Blvd Frontage
      901 N Navy Blvd, Pensacola, FL 32507
      View Details
    • $13 SF/Yr

      Professionally Managed Retail Shopping Center

      Neighborhood shopping center with long-term tenants and convenient access.
      3960 W Navy Blvd, Pensacola, FL 32507
      View Details
    • $10 SF/Yr
      8,640 SF

      Retail Space in Busy Center

      Retail space with ample parking near NAS Pensacola.
      120 Way Chief's, Pensacola, FL 32507
      View Details
    • Contact for pricing

      Retail Space on Navy Boulevard

      Retail space available in high-traffic Pensacola commercial corridor.
      400 N Navy Blvd, Pensacola, FL 32507
      View Details
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    Pensacola, FL 32507
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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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    10457 Sorrento Rd, Pensacola, FL, 32507
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