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Property profile & analytics
OFF-MARKET
Estimated value
$1,030,000
Retail properties & Spaces
1417 Cervantes St, Pensacola, FL 32501-2841
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-9061000
Property summary
AI-generated overview
This exceptional 14,388-square-foot industrial property, located in Downtown Pensacola's vibrant C-1 and C-3 zoned area, presents a unique investment opportunity. The single-story building, constructed in 1959 and extensively renovated in 2021, boasts a flexible layout ideal for various uses. Currently, 3,465 square feet of warehouse space is available for lease. The available unit features a desirable 10-foot-plus ceiling height, a 10' wide x 9' high roll-up door for easy loading and unloading, a dedicated office area, a restroom, and ample storage space. The property sits on a 0.67-acre lot and is conveniently located just one mile from the heart of Downtown Pensacola, offering excellent access to major transportation routes and a thriving commercial district. The building's multiple tenancy allows for diverse occupancy options. This is a rare opportunity to acquire a well-maintained, recently renovated industrial space in a prime location. The property's APN is 000S009060007076. The building does not include elevators.
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,308 SF
Lot
0.5 ac (21,780 SF)
Zoning code
C-1,C-3
APN
00-0S-00-9060-007-076
UPID
US18-9061000
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
-
St. Vincent DePaul Thrift Store Discount Store
-
StormTech Shutter Systems LLC Hardware & Home Improvement Interior Design
-
Anilox Cleaning System (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$741k
Blend (final)
Blend
$1.03M
Owner & transaction history
1417 Cervantes LLC · 3 yrs held
1417 Cervantes LLC
since 2023
Last sale
$1.3M
4 recorded transactions
Zoning & alternative use
C-1,C-3 · Pensacola, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.3M
+110.0%
Auto repair, garage
$1.2M
+91.5%
Office building
$1.1M
+87.2%
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
$1,070,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,280,000
Change: +110% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,170,000
Change: +91% · Conversion: Difficult
OFFICE BUILDING
$1,140,000
Change: +87% · Conversion: Difficult
RETAIL STORES
$1,140,000
Change: +87% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,135,000
Change: +86% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$985,000
Change: +62% · Conversion: Difficult
Blend value · Realmo final
$1.03M
Range $927k – $1.13M · ±10% · vs last sale $1.30M (May 10 2023)
Last sale anchor
$1.30M
May 10 2023
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
$8,569
Tax year 2023
Assessed value
$464,740
Assessed 2023
Previous assessed
$423,489
+9.7% YoY
Effective rate
1.84%
On assessed value
Land market value
$93,110
Improvement market value
$401,934
Total market value
$495,044
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Bathrooms
3
Total area
8,308 SF
Lot
0.5 ac (21,780 SF)
Zoning code
C-1,C-3
APN
00-0S-00-9060-007-076
UPID
US18-9061000
Jurisdiction
ESCAMBIA
Zoning & alternative use
C-1,C-3 · Pensacola, FL
Zoning C-1,C-3 · permitted uses
C-1,C-3 · 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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$985,000
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
3
Lot
0.5 ac
Current owner
From public records · entity-resolved
1417 Cervantes LLC
Entity
Mailing address
1417 W CERVANTES ST, PENSACOLA, FL 32501-2841
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
May 10, 2023
$1,300,000
1417 Cervantes LLC
Appex Properties LLC
Special Warranty Deed
$993,607 · Synovus Bank
Jul 26, 2019
$405,000
Appex Properties LLC
Phoenix Cervantes LLC
Correction Deed
related
—
Aug 22, 2018
$405,000
Appex Properties L L C
Phoenix Cervantes LLC
Warranty Deed
$303,750 · Whitney Bank
Jul 25, 2008
$215,000
Phoenix Cervantes LLC
Birmingham Electric Battery
Warranty Deed
$225,250 · Beach Community Bank
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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