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Property profile & analytics
OFF-MARKET
Bars & Pubs
1800 Patricia Dr Pensacola, FL 32526-3120
Individually Owned
Free & Clear
Property ID
US18-5133229
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,510 SF
Lot
2.68 ac (116,741 SF)
Zoning code
LDMU,LDR
APN
10-2S-31-3200-000-000
UPID
US18-5133229
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Thomas M Eiring
Thomas M Eiring
since 2026
Last sale
$425,000
5 recorded transactions
Zoning & alternative use
LDMU,LDR · Pensacola, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,938
Tax year 2023
Assessed value
$261,343
Assessed 2023
Previous assessed
$118,984
+119.6% YoY
Effective rate
1.51%
On assessed value
Land market value
$46,900
Improvement market value
$214,443
Total market value
$261,343
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Bathrooms
4
Total area
7,510 SF
Lot
2.68 ac (116,741 SF)
Zoning code
LDMU,LDR
APN
10-2S-31-3200-000-000
UPID
US18-5133229
Jurisdiction
ESCAMBIA
Zoning & alternative use
LDMU,LDR · Pensacola, FL
Zoning LDMU,LDR · permitted uses
LDMU,LDR · 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.
Building & site characteristics
From public records
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
4
Lot
2.68 ac
Current owner
From public records · entity-resolved
Thomas M Eiring
Individual
Free & Clear · 0 yrs held
Mailing address
393 GULFVIEW LN, PENSACOLA, FL 32507-7839
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2026
$257,783
Thomas M Eiring
Everest Commercial Investments LLC
Warranty Deed
—
Sep 12, 2023
$425,000
Everest Commercial Investments LLC
Robert E Sundius
Warranty Deed
—
Jun 30, 2022
$395,000
Robert E Sundins
Thomas M Eiring
Warranty Deed
—
May 20, 2019
$105,000
Thomas M Eiring
Angler Lounge & Grill INC
Warranty Deed
$100,000 · Patricia L Pollard
May 20, 2019
$100
Patricia I Pollard
Western Gateway Lions Club Hol
Correction Deed
related
—
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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