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Property profile & analytics

1612 N Pace Boulevard Pensacola, FL 32505

  • Community centers
  • 31,504 SF
  • 2.12 lot acres
Value Estimation
$690,000
Last Sale
Aug 31, 2021
$775,000
Location Intelligence
Property ID
US18-4877326
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

  • Grocery Advantage / Grocery Store
  • Mr. Bubbles 24/7 Laundromat / Laundromat
  • UNI Beauty Supply / Cosmetics Store / Wig Shop

Property Details for 1612 N Pace Boulevard

Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
2.12 lot acres
Property size
31,504 SF
Zone code
HC/LI
Property type
Community centers
APN
30-2S-30-1001-001-037
APU
302S301001001037

Description

This exceptional retail property, located at 1612 N Pace Boulevard in Pensacola, Florida, offers 10,000 square feet of recently renovated space within a larger 34,177 square foot building. The property sits on a 2.13-acre lot and features a single, one-story building with multiple tenancies. Currently, 10,000 square feet is available for lease, offering significant opportunity for expansion or new business ventures. The space is delivered in "white box" condition, allowing for complete customization to suit individual tenant needs. The property is zoned HC/LI, reflecting its suitability for commercial retail uses. The center boasts ample parking, ensuring convenient access for customers and employees. Its location on N Pace Boulevard provides excellent visibility and accessibility, benefiting from high daily traffic volume exceeding 18,500 vehicles. The property is anchored by Grocery Advantage, providing a strong draw for customers to the center. This is a rare opportunity to secure prime retail space in a high-traffic area of Pensacola, Escambia County, Florida (zip code 32505). The property's strategic location and ample space make it ideal for a variety of retail businesses seeking a prominent presence in a thriving community.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $630,000
  • CAP approach

    CAP return
    Estimation
    6%
    $910,000
    6.5%
    $875,000
    7%
    $825,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $750,000
    Geo Method
    $765,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $1,020,000
    Retail
    $815,000
    Mixed-Use
    $790,000
    Hospitality
    $1,050,000
    Educational
    $1,090,000
    Residential Income
    $1,020,000
    Energy
    $780,000
    Income-Based Land
    $965,000
    Food Service
    $940,000

Location Insight

  • Map
  • Local Demand
City
Pensacola
County
Escambia
State
Florida
Longitude
-87.2401
Latitude
30.4297
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
$11,591
$0.00
$0.00
$760,671
-
$140,980
$619,691
$760,671
More about this property
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