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Financial
Distress signals
Property profile

1080 W Michigan Ave Pensacola, FL 32505

FOR LEASE
Retail space
Property ID
US19-0311773
2,050 SF 0.58 ac lot Built 1971
Last sale Feb 2025 · $270,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This 2,350 square foot vacant convenience store, located at 1080 W Michigan Ave in Pensacola, Florida (32505), presents a unique investment opportunity. Priced at $349,000, this single-story building sits on a 0.61-acre lot and underwent renovations in 2024. The property boasts excellent visibility on a busy road with over 32,500 vehicles passing daily, ensuring high traffic exposure. Recent improvements include new LED area lighting, a new power meter, and a new roof with 8.5 years…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value$136k
Effective rate1.42%

Value estimate

· Oct 2026
$250k
$225k – $275k
NOI build-up
Gross scheduled income$28k
Vacancy & credit loss−$3k
Operating expenses−$8k
NOI · 104,976.47% cap applied$18k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$85/SF
ZIP average, outlier-cleaned · 50 recorded sales of this use type
Observed band · Q1–Q3$48 – $124
Qualifying comparables5

Cap rate analysis

How does the asset earn?
104,976.47%
$18k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
HDMU
JurisdictionESCAMBIA

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency27.1
Law Firm24.5
Dental Office21.6

Location

1080 W Michigan Ave Pensacola, FL 32505
County assessor Recorded deeds · 5 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2101 Town, Pensacola, FL 32505-5117 $60,000 Nov 2024 1,243 SF
906 Michigan, Pensacola, FL 32505-2318 $85,000 Sep 2024 1,176 SF
Pensacola, FL 32505-3103 $950,000 Apr 2024 2,895 SF
Pensacola, FL 32505-5435 $459,000 Feb 2024 2,702 SF
3709 Mobile, Pensacola, FL 32505-6122 $125,000 Dec 2023 1,575 SF
691 Diamond Dairy, Pensacola, FL 32505-1268 $234,500 Dec 2023 1,710 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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