150 Loblolly Ln Pensacola, FL 32526-8427
- Hotels
- 51,451 SF
- 5.95 lot acres
Aug 17, 2022
Current Use by Public Records
- Fairfield Inn & Suites Pensacola Pine Forest / Hotel
Property Details for 150 Loblolly Ln
- Year built
- 2019
- Construction
- WOOD
- Lot size
- 5.95 lot acres
- Property size
- 51,451 SF
- Zone code
- HC/LI
- Property type
- Hotels
- APN
- 13-1S-31-1100-004-014
- APU
- 131S311100004014
Description
This exceptional 87-key Fairfield Inn & Suites, built in 2019, presents a compelling investment opportunity in Pensacola, Florida. Boasting 51,241 square feet across four stories on a 5.95-acre lot, this property offers a strong 9.08% cap rate and a current NOI of $1,270,737, with an asking price of $14,000,000 ($273.22/sq ft). The hotel's 72.04% occupancy rate demonstrates consistent demand within a thriving market fueled by Pensacola's robust tourism sector, including its renowned beaches, historic downtown, and significant military presence, particularly Naval Air Station Pensacola. The "Cradle of Naval Aviation" attracts a steady stream of visitors and personnel year-round, contributing to a high average daily rate (ADR) and a high barrier to entry for new competitors. This property offers significant upside potential under new management, making it an attractive addition to any hospitality portfolio. The property is located at 150 Loblolly Ln, Pensacola, FL 32526, in Escambia County.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $11,465,000
-
Alternative Use
- Use
- Estimation
- RESTAURANT
- $16,085,000
- NEIGHBORHOOD: SHOPPING CENTER
- $7,935,000
- AUTO REPAIR, GARAGE
- $7,235,000
- COMMERCIAL (GENERAL)
- $7,035,000
- OFFICE BUILDING
- $7,000,000
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Location Insight
- Map
- Local Demand
- City
- Pensacola
- County
- Escambia
- State
- Florida
- Longitude
- -87.3111
- Latitude
- 30.5194
- CBSA code
- 37860
- CBSA name
- PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA