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Financial
Distress signals
Property profile

1620 W Cervantes St Pensacola, FL 32501

FOR SALE
Other retail properties
Property ID
US18-5399838
10,640 SF 0.85 ac lot Built 1948
Last sale Nov 2017
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property at 1620 W Cervantes St, Pensacola, FL 32501 consists of multiple parcels configured for commercial use, including Parcel #1 with 11,989 SF of retail space and Parcel #2 with 4,080 SF of warehouse space, plus an additional land parcel (Parcel #3). The site has frontage on W Cervantes St along Pensacola’s east-west corridor and includes access designed to support on-site parking. The overall layout is configured to accommodate a combined or separate retail-and-warehouse operation and…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$5k
Tax billed · 2023
Assessed value$290k
Effective rate1.86%

Value estimate

· Oct 2026
$430k
$387k – $473k
NOI build-up
Gross scheduled income$119k
Vacancy & credit loss−$12k
Operating expenses−$16k
NOI · 9.17% cap applied$92k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$73/SF
Submarket average, outlier-cleaned · 44 recorded sales of this use type
Observed band · Q1–Q3$41 – $129

Cap rate analysis

How does the asset earn?
9.17%
$92k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-3
The commercial land use district is established for the purpose of providing areas of commercial development ranging from compact shoppin...
General categoryMIXED_USE
JurisdictionESCAMBIA

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service10.5
Computer & Electronic Repair10.2
Parking Facility10.2

Location

1620 W Cervantes St Pensacola, FL 32501
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
401 Reus, Pensacola, FL 32501-3828 $750,000 Aug 2024 14,663 SF
2800 Palafox St, Pensacola, FL 32501-1437 $2,000,000 May 2024 6,707 SF
870 Cervantes, Pensacola, FL 32501-3212 $4,400,000 May 2024 14,541 SF
116 Gonzalez, Pensacola, FL 32501-3146 $904,200 Jul 2023 10,882 SF
1120 Cervantes, Pensacola, FL 32501-2838 $275,000 Dec 2022 6,349 SF
1412 Fairfield Dr, Pensacola, FL 32501-1124 $850,000 Oct 2022 6,735 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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