Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1200 College Blvd Pensacola, FL 32504-8925

    • Parking lots & garages
    • 27,025 SF
    • 7.36 lot acres
    OFF-MARKET
    Value Estimations
    $7,195,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5508949
    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

    • Parking lots & garages

    Property Details for 1200 College Blvd

    Year built
    1965
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    7.36 lot acres
    Property size
    27,025 SF
    Zone code
    ARZ
    Property type
    Parking lots & garages
    APN
    33-1S-30-5101-001-001
    APU
    331S305101001001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,193,000
      Market price range: $6.38M - $14.7M
      AI Estimate
      $7,193,000
      Market price range: $6.38M - $14.7M

    • Alternative Use

      Use
      Estimation
      PARKING LOT
      $10,120,000
      Current use
      RESTAURANT
      $8,450,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.1964
    Latitude
    30.4781
    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
    $0.00
    $0.00
    $0.00
    $2,903,720
    -
    $2,796,800
    $106,920
    $2,903,720

    Comparable in this City

    • Value Estimation by Request
      0.24 Acres

      905 Gdn Gate Cir

      PARKING LOT • 0.24 Acres
      905 Gdn Gate Cir, Pensacola, FL 32504-8629
      View Details
    • Value Estimation by Request
      0.48 Acres

      5079 9th Ave

      PARKING LOT • 0.48 Acres
      5079 9th Ave, Pensacola, FL 32504
      View Details
    • Value Estimation by Request
      2.05 Acres

      2085 Langley Ave

      PARKING LOT • 2.05 Acres
      2085 Langley Ave, Pensacola, FL 32504-8164
      View Details
    • Value Estimation
      $2,550,000
      0.29 Acres

      Pensacola, FL 32504

      PARKING LOT • 0.29 Acres
      Pensacola, FL 32504
      View Details
    • Value Estimation
      $6,655,000
      0.56 Acres

      Langley Ave

      PARKING LOT • 0.56 Acres
      Langley Ave, Pensacola, FL 32504
      View Details
    • Value Estimation by Request
      0.10 Acres

      4317 Spanish Trl

      PARKING LOT • 0.10 Acres
      4317 Spanish Trl, Pensacola, FL 32504-4942
      View Details

    Similar Nearby for Sale

    • $900,000

      Pensacola C-Store / Gas Station

      C-Store / Gas Station at 1167 COLLEGE Blvd, Pensacola, FL
      1167 College Blvd, Pensacola, FL 32504
      View Details
    • $2,200,000
      6,280 SF

      Pensacola Auto Repair Shops Duo

      High-traffic location, two leased shops.
      6222 N 9th Ave, Pensacola, FL 32504
      View Details
    • $399,000
      2,000 SF

      Prime Pensacola Retail Building

      Profitable Investment Opportunity in Pensacola, FL
      1734 Creighton Rd, Pensacola, FL 32504
      View Details
    • $399,000

      Retail Building with Lease in Place

      2,000 SF retail building leased through February 2025.
      1734 Creighton Rd, Pensacola, FL 32504
      View Details
    • $1,500,000
      4,551 SF

      Prime Pensacola Restaurant/Retail

      High-traffic location, drive-thru, ample parking.
      7130 N Davis Hwy, Pensacola, FL 32504
      View Details
    • $240,000
      852,837 SF

      Pensacola Dessert Shop for Sale

      Thriving Frozen Yogurt & Boba Tea Business
      5100 N 9th Ave, Pensacola, FL 32504
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      16,200 SF

      Pensacola Executive Office Suites

      Prime Pensacola office space for lease.
      7280 Plantation Rd, Pensacola, FL 32504
      View Details
    • $17 SF/Yr
      3,528 SF

      Pensacola Retail Space For Lease

      Creighton Commons: High-traffic retail space available.
      2620 Creighton Rd, Pensacola, FL 32504
      View Details
    • $6 SF/Yr
      1,554 SF

      Pensacola Office, Retail, Storage Space

      Office, retail, and storage space for lease in Pensacola, Florida.
      7280 Plantation Rd, Pensacola, FL 32504
      View Details
    • Contact for pricing
      135,072 SF

      Pensacola Retail Center - High Traffic

      Prime retail space, Pensacola, FL. Multiple units available.
      6121 Davis Hwy, Pensacola, FL 32504
      View Details
    • $1,500 /Mo
      2,400 SF

      Pensacola Warehouse: 2400 SF NNN Lease

      Prime Pensacola warehouse, ideal for storage & distribution. Easy highway access.
      6600 N Davis Hwy, Pensacola, FL 32504
      View Details
    • $18 SF/Yr
      169,486 SF

      Cordova Commons Retail Space

      Pensacola Shopping Center: 18,000 SF Available
      1690 Airport Blvd, Pensacola, FL 32504
      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.
    1200 College Blvd
    Pensacola, FL 32504-8925
    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

    Google sign-in failed. Please try again or use another login method.