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Property profile & analytics
OFF-MARKET
Estimated value
$4,100,000
Grocery and convenience stores
1100 Cervantes St Pensacola, FL 32501-3332
Entity Owned
11-yr Hold
Free & Clear
Property ID
US18-3692201
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
33,109 SF
Lot
1.99 ac (86,802 SF)
Zoning code
C-1,R-1AA
APN
00-0S-00-9025-001-110
UPID
US18-3692201
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Amerigas Propane Exchange Propane Supplier
-
higi Physician
-
Publix Pharmacy at East Hill Pharmacy
-
Primo Water Refill Big Box & Wholesale Store
-
City National Bank - Presto ATM Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.10M
Blend (final)
Blend
$4.10M
Owner & transaction history
Dr Pensacola LLC · 11 yrs held
Dr Pensacola LLC
since 2015
4 recorded transactions
Zoning & alternative use
C-1,R-1AA · Pensacola, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.1M
+12.5%
Auto repair, garage
$4.7M
+2.6%
Office building
$4.6M
+0.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Pensacola submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pensacola submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$4,540,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,105,000
Change: +12% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,655,000
Change: +3% · Conversion: Difficult
OFFICE BUILDING
$4,550,000
Change: +0% · Conversion: Easy
COMMERCIAL (GENERAL)
$4,525,000
Change: 0% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,930,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$4.10M
Range $3.69M – $4.51M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$124 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$51,453
Tax year 2023
Assessed value
$2,912,392
Assessed 2023
Previous assessed
$2,888,795
+0.8% YoY
Effective rate
1.77%
On assessed value
Land market value
$972,182
Improvement market value
$1,940,210
Total market value
$2,912,392
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
13
Total area
33,109 SF
Lot
1.99 ac (86,802 SF)
Zoning code
C-1,R-1AA
APN
00-0S-00-9025-001-110
UPID
US18-3692201
Jurisdiction
ESCAMBIA
Zoning & alternative use
C-1,R-1AA · Pensacola, FL
Zoning C-1,R-1AA · permitted uses
C-1,R-1AA · Pensacola, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pensacola. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.1M
AUTO REPAIR, GARAGE
Est. value
$4.7M
OFFICE BUILDING
Est. value
$4.6M
COMMERCIAL (GENERAL)
Est. value
$4.5M
INDUSTRIAL (GENERAL)
Est. value
$3.9M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
13
Lot
1.99 ac
Current owner
From public records · entity-resolved
Dr Pensacola LLC
Entity
Free & Clear · 11 yrs held
Mailing address
1801 S KEENE RD, CLEARWATER, FL 33756-6421
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2017
—
Dr Pensacola LLC
—
Deed
related
$3,200,000 · Miscellaneous Ins Co
Mar 10, 2015
$1,135,000
Dr Pensacola LLC
School Board Of Escambia Cnty Flo
Grant Deed
—
—
—
Dr Pensacola LLC
—
Deed Of Trust
related
$1,000,000 · Bay Cities Bk
—
—
Dr Pensacola LLC
—
Loan Modification
related
$3,200,000 · Miscellaneous Ins Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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