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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Office buildings
13661 Perdido Key Dr Pensacola, FL 32507-7427
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-8190881
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Construction
CONCRETE
Total area
3,367 SF
Lot
0.07 ac (3,049 SF)
Zoning code
CC-PK
APN
35-3S-32-1200-000-004
UPID
US18-8190881
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
-
Palacio Condo Rentals in Perdido Key by Vacasa Hotel & Motel Resort
-
Palacio Condominium Complex
-
Palicio Hotel & Motel
-
PERDIDO KEY VACATION CONDO Vacation Rental Real Estate Agency
-
holiday beverage Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$515k
Blend (final)
Blend
$560k
Owner & transaction history
Palacio At Perdido Owners Assn INC · 1 yrs held
Palacio At Perdido Owners Assn INC
since 2025
Last sale
$600,000
7 recorded transactions
Zoning & alternative use
CC-PK · Pensacola, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$520,000
+13.4%
Auto repair, garage
$475,000
+3.4%
Commercial (general)
$470,000
+2.5%
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
$565,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$460,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$520,000
Change: +13% · Conversion: Difficult
AUTO REPAIR, GARAGE
$475,000
Change: +3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$470,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$560k
Range $504k – $616k · ±10% · vs last sale $600k (Mar 4 2025)
Last sale anchor
$600k
Mar 4 2025
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
$166 / 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
$5,751
Tax year 2023
Assessed value
$420,211
Assessed 2023
Previous assessed
$425,598
-1.3% YoY
Effective rate
1.37%
On assessed value
Land market value
$10
Improvement market value
$420,201
Total market value
$420,211
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2001
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
3,367 SF
Lot
0.07 ac (3,049 SF)
Zoning code
CC-PK
APN
35-3S-32-1200-000-004
UPID
US18-8190881
Jurisdiction
ESCAMBIA
Zoning & alternative use
CC-PK · Pensacola, FL
Zoning CC-PK · permitted uses
CC-PK · 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
OFFICE BUILDING Current
Est. value
$460,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$520,000
AUTO REPAIR, GARAGE
Est. value
$475,000
COMMERCIAL (GENERAL)
Est. value
$470,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (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
2001
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
Palacio At Perdido Owners Assn INC
Entity
Mailing address
1960 STONEGATE DR, VESTAVIA HLS, AL 35242-2523
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
72 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2025
$600,000
Palacio At Perdido Owners Assn INC
Palacio LLC
Warranty Deed
—
Dec 28, 2009
—
Durham,ronald O
Palacio LLC
Warranty Deed
related
—
Sep 22, 2009
—
Bella Eden Property Mgmt LLC
Morgan,charles F & Eleanor
Warranty Deed
—
Sep 6, 2002
$395,000
Bellumy,otis
Palacio LLC
Grant Deed
—
Apr 23, 2002
$305,000
Stock,david G & Teresa A
Palacio LLC
Grant Deed
$244,000 · Resource One Mortgage
Mar 25, 2002
$845,000
Fugler,michael R
Palacio LLC
Grant Deed
$676,000 · The Bank
Mar 14, 2002
$375,000
Perez,heriberto N
Palacio LLC
Grant Deed
—
Mar 7, 2002
$693,000
Spencer,randall C Tr
Palacio LLC
Grant Deed
$500,000 · Siegel Trust
Jan 25, 2002
$266,000
Burkhalter,r J
Palacio LLC
Grant Deed
$243,000 · Destin Bank
Jan 24, 2002
$285,000
Rhodes,marion J & Diedre W
Palacio LLC
Grant Deed
$228,000 · Amsouth Bank
Jan 17, 2002
$237,000
Andreana,domenick & Marilyn J
Palacio LLC
Grant Deed
$190,320 · Pensacola Guarantee Mortgage
Jan 11, 2002
$266,000
Bonds,terry L & Kim S
Palacio LLC
Grant Deed
$212,800 · Compass Bank
Jan 7, 2002
$228,000
White,william R & Hanna A
Palacio LLC
Grant Deed
$200,000 · Wells Fargo Home Mortgage INC
Jan 7, 2002
$222,300
White,william R & Hanna A
Palacio LLC
Grant Deed
$200,000 · Foundation Financial Svcs INC
Dec 18, 2001
$322,000
Warner,bobby
Palacio LLC
Grant Deed
—
Dec 14, 2001
$227,000
Seymour,edward & Melanie
Palacio LLC
Grant Deed
—
Dec 14, 2001
$266,000
Pope,kristen L
Palacio LLC
Grant Deed
$266,000 · Colonial Bank
Dec 11, 2001
$397,000
Shannon,tr
Palacio LLC
Grant Deed
—
Dec 5, 2001
$323,000
Elmore,gregory E
Palacio LLC
Grant Deed
$258,400 · Access Mortgage
Dec 5, 2001
$360,000
Hatch,upton & Robin
Palacio LLC
Grant Deed
$240,000 · Access Mortgage
Dec 5, 2001
$333,000
Brown,jeffrey W & Shirley S
Palacio LLC
Grant Deed
$280,000 · Commercial Bank & Trust
Dec 4, 2001
$261,000
Barrett,robert B
Palacio LLC
Grant Deed
—
Dec 4, 2001
$260,000
Cunningham,joel B & Sandra R
Palacio LLC
Grant Deed
$234,000 · Access Mortgage
Dec 4, 2001
$213,000
Steele,mildred B
Palacio LLC
Grant Deed
$170,400 · Destin Bank
Dec 4, 2001
$315,000
White,robert J & Wanda B
Palacio LLC
Grant Deed
$252,000 · Suntrust Bank NA
Dec 4, 2001
$238,000
Jolly,john H & Angie D
Palacio LLC
Grant Deed
$190,400 · Bank Of America
Dec 4, 2001
$385,000
Duncan,eddie N & Ann T
Palacio LLC
Grant Deed
—
Dec 4, 2001
$289,000
Mccoy,norman K & Roberta M
Palacio LLC
Grant Deed
—
Dec 3, 2001
$225,000
Abbott,william W
Palacio LLC
Grant Deed
—
Dec 3, 2001
$323,000
Heninger,michael R
Palacio LLC
Grant Deed
—
Dec 3, 2001
$343,000
Abbott,stephen J
Palacio LLC
Grant Deed
$274,400 · First City Bank Florida
Dec 3, 2001
$264,000
Wilson,gary E & Jean M
Palacio LLC
Grant Deed
—
Dec 3, 2001
$255,000
Anderson,tom
Palacio LLC
Grant Deed
—
Dec 3, 2001
$353,000
Alley,tr
Palacio LLC
Grant Deed
—
Dec 3, 2001
$227,000
Anderson,tom
Palacio LLC
Grant Deed
—
Nov 30, 2001
$298,000
Castle,tr
Palacio LLC
Grant Deed
—
Nov 29, 2001
$285,000
Brookhart,gail W & Charles E
Palacio LLC
Grant Deed
$228,000 · First South Bank Fsb
Nov 29, 2001
$305,000
Abernathy,lawrence B & Kathy A
Palacio LLC
Grant Deed
$244,000 · Destin Bank
Nov 29, 2001
$380,000
Upshaw,carol L
Palacio LLC
Grant Deed
$275,000 · Primary Capital Advisors Lc
Nov 29, 2001
$250,000
Whisnant,william S & Shirley G
Palacio LLC
Grant Deed
—
Nov 29, 2001
$204,000
Rogers,john M
Palacio LLC
Grant Deed
$163,200 · Access Mortgage
Nov 28, 2001
$322,000
Hebert,richard L
Palacio LLC
Grant Deed
$289,800 · Hallmark Mortgage
Nov 28, 2001
$338,000
Harrison,john H & Karen G
Palacio LLC
Grant Deed
$270,000 · Destin Bank
Nov 28, 2001
$225,000
Rauscher,tom A & June M
Palacio LLC
Grant Deed
$170,000 · Access Mortgage
Nov 28, 2001
$213,000
Odonnell,cindy Y & Aaron M
Palacio LLC
Grant Deed
$170,400 · Destin Bank
Nov 28, 2001
$279,000
Barksdale,mary D
Palacio LLC
Grant Deed
—
Nov 28, 2001
$274,400
Sternfels,roy T
Palacio LLC
Grant Deed
—
Nov 21, 2001
$385,000
Dickinson Resort Properties Ll
Palacio LLC
Grant Deed
$346,500 · Access Mortgage
Nov 21, 2001
$230,000
Szumachowski,joseph E
Palacio LLC
Grant Deed
$184,000 · Compass Bank
Nov 20, 2001
$280,000
Franck,kenneth A & Patricia D
Paklacio LLC
Grant Deed
$252,000 · Homebanc Mortgage Corp
Nov 19, 2001
$250,000
Brooks,f C & Lisa Y
Palacio LLC
Grant Deed
$237,500 · Destin Bank
Nov 19, 2001
$230,000
Fendley,joyce G
Palacio LLC
Grant Deed
—
Nov 19, 2001
$228,000
Salama,samir A
Palacio LLC
Grant Deed
—
Nov 15, 2001
$320,000
Cosse,spiro G & Nancy P
Palacio LLC
Grant Deed
$275,000 · First City Bank Florida
Nov 15, 2001
$255,000
Hickey,howard F & Genevieve C
Palacio LLC
Grant Deed
$70,000 · Phh Us Mortgage
Nov 15, 2001
$265,000
Hake,daniel H & Sue A
Palacio LLC
Grant Deed
$251,750 · Access Mortgage
Nov 15, 2001
$360,000
Moon,eric R & Deborah A
Palacio LLC
Grant Deed
$324,299 · Regions Bank
Nov 15, 2001
$312,000
Pine,james J & Cheryl B
Palacio LLC
Grant Deed
$275,000 · Destin Bank
Nov 15, 2001
$395,000
Williams,bruce E
Palacio LLC
Grant Deed
$325,000 · Colonial Bank
Nov 14, 2001
$330,000
Ponder,jimmy N
Palacio LLC
Grant Deed
—
Nov 14, 2001
$298,000
Johnson,barry L & Barbara G
Palacio LLC
Grant Deed
$150,000 · Regions Mortgage INC
Nov 14, 2001
$323,000
Shelley,g G
Palacio LLC
Grant Deed
$258,400 · Destin Bank
Nov 14, 2001
$237,000
Burnett,tr
Palacio LLC
Grant Deed
—
Nov 14, 2001
$345,000
Elarbee,bettie J
Palacio LLC
Grant Deed
—
Nov 14, 2001
$312,000
Ehner,william J & Marie L
Palacio LLC
Grant Deed
—
Nov 14, 2001
$264,000
Taylor,jack T & Debra M
Palacio LLC
Grant Deed
—
Nov 14, 2001
$228,000
Sankey,carolyn D
Palacio LLC
Grant Deed
—
—
—
Fugler,michael R
—
Deed Of Trust
related
$250,000 · First Horizon Home Loan Corp
—
—
Helwig Glenn A Trust
—
Deed Of Trust
related
$740,000 · Citibank Fsb
—
—
Brookhart,charles E & Gail W
—
Deed Of Trust
related
$60,000 · Navy FCU
—
—
Milam,frances M
—
Deed Of Trust
related
$400,000 · Bank Of America
—
—
Md7 Capital One LLC
—
Deed Of Trust
related
$41,000,000 · Key Equipment Finance INC
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.
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