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

    141 Terry Dr Pensacola, FL 32503-7024

    • Flex space
    • 8,360 SF
    • 3.43 lot acres
    OFF-MARKET
    Value Estimations
    $965,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5916603
    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

    • Vertec Inc / Metal Fabrication Plant / Factory

    Property Details for 141 Terry Dr

    Year built
    1993
    Construction
    STEEL FRAME
    Lot size
    3.43 lot acres
    Property size
    8,360 SF
    Zone code
    HC/LI
    Property type
    Flex space
    APN
    21-1S-30-1101-006-013
    APU
    211S301101006013

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $967,000
      Market price range: $315k - $1.84M
      AI Estimate
      $967,000
      Market price range: $315k - $1.84M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $990,000
      Current use
      COMMERCIAL (GENERAL)
      $1,520,000
      Change: +53% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,290,000
      Change: +30% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,175,000
      Change: +19% Conversion: Easy
      OFFICE BUILDING
      $1,060,000
      Change: +7% Conversion: Difficult
      RETAIL STORES
      $985,000
      Change: -1% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.2589
    Latitude
    30.5001
    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
    $5,540
    $0.00
    $0.00
    $345,229
    -
    $102,900
    $327,682
    $430,582

    Comparable in this City

    • Value Estimation by Request
      1,710 SF

      3208 Davis Hwy

      LIGHT INDUSTRIAL • 1,710 SF
      3208 Davis Hwy, Pensacola, FL 32503-3015
      View Details
    • Value Estimation
      $930,000
      9,452 SF

      4109 Davis Hwy

      LIGHT INDUSTRIAL • 9,452 SF
      4109 Davis Hwy, Pensacola, FL 32503-2749
      View Details
    • Value Estimation
      $1,220,000
      32,348 SF

      3501 Dr Martin Luther King Jr Dr

      LIGHT INDUSTRIAL • 32,348 SF
      3501 Dr Martin Luther King Jr Dr, Pensacola, FL 32503-3012
      View Details
    • Value Estimation
      $675,000
      11,744 SF

      4129 Davis Hwy

      LIGHT INDUSTRIAL • 11,744 SF
      4129 Davis Hwy, Pensacola, FL 32503-2749
      View Details
    • Value Estimation by Request
      1,612 SF

      2181 Guillemard St

      LIGHT INDUSTRIAL • 1,612 SF
      2181 Guillemard St, Pensacola, FL 32503
      View Details
    • Value Estimation by Request
      2,864 SF

      526 Corday St

      LIGHT INDUSTRIAL • 2,864 SF
      526 Corday St, Pensacola, FL 32503-2021
      View Details

    Similar Nearby for Sale

    • $449,000
      3,029 SF

      Versatile Office/Lab Space For Sale

      Renovated 3,029 SF building with office and shop space.
      6851 North Palafox St, Pensacola, FL 32503
      View Details
    • $205,000
      10,116 SF

      Pensacola Flex Space Investment Opportunity

      Prime Pensacola location, 3,841 SF, high upside potential.
      5725 N Palafox St, Pensacola, FL 32503
      View Details
    • $23,500,000
      142,234 SF

      Pensacola Warehouse Redevelopment

      Class A industrial complex, 100% occupied.
      257 Amber St, Pensacola, FL 32503
      View Details
    • Contact for pricing
      34,500 SF

      Retail, Showroom, and Warehouse Space

      Two buildings with retail, showroom, office, and warehouse space.
      5600 N Davis Hwy, Pensacola, FL 32503
      View Details
    • $3,200,000
      3.70 Acres

      Pensacola Industrial Land - $3.2M

      3.7-acre industrial lot, I-10 access.
      366 Airport Blvd, Pensacola, FL 32503
      View Details
    • $750,000
      5,625 SF

      Industrial Warehouse with Development Potential

      5,625 SF warehouse on 1.88 acres with development potential.
      362 W Oakfield Rd, Pensacola, FL 32503
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      5,526 SF

      Pensacola Flex Space: 5,526 SF

      Prime Pensacola flex space; ideal for various businesses.
      3200 N Davis Hwy, Pensacola, FL 32503
      View Details
    • $10 SF/Yr
      21,000 SF

      Pensacola Industrial Space - 21,000 SF

      Large warehouse, ideal for storage & distribution.
      257 Amber Street, Pensacola, FL 32503
      View Details
    • $15 SF/Yr
      12,500 SF

      Pensacola Industrial Space For Lease

      Prime Pensacola warehouse/office space. Excellent location & highway access.
      3104 N Davis Hwy, Pensacola, FL 32503
      View Details
    • $8 SF/Yr
      12,500 SF

      Warehouse/Office Combo Near Downtown

      Warehouse and office space with easy highway access near downtown.
      3104 N Davis Hwy, Pensacola, FL 32503
      View Details
    • $8 SF/Yr
      5,000 SF

      Pensacola Retail & Warehouse Space

      Retail and warehouse space available in rapidly growing Pensacola trade area.
      3110 N Davis Hwy, Pensacola, FL 32503
      View Details
    • $14,350 /Mo
      44 SF

      Renovated Warehouse with Loading Dock

      Recently renovated warehouse with offices, loading dock, and ample parking.
      312 Kenmore Rd, Pensacola, FL 32503
      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.
    141 Terry Dr
    Pensacola, FL 32503-7024
    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.