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Property profile & analytics
OFF-MARKET
Office buildings
1890 Smt Blvd Pensacola, FL 32503-3357
Entity Owned
Free & Clear
Property ID
US18-6021453
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2020
Construction
TYPE NOT SPECIFIED
Total area
57,582 SF
Lot
5.98 ac (260,489 SF)
Zoning code
R-2
APN
33-1S-30-7200-000-000
UPID
US18-6021453
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
-
Russell E. Holzgrefe, MD Physician
-
Rahul Chavan Physician Medical Clinic
-
Jill E. Helm, APRN, DNP Physician
-
Summit Surgery Center Medical Clinic Hospital
-
Cory M. Lebowitz, DO Physician Medical Clinic
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
Summit LLC
Summit LLC
since 2026
Last sale
$39.0M
2 recorded transactions
Zoning & alternative use
R-2 · Pensacola, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The residential or office land use district is established for the purpose of providing for a mixture of residential housing types and densities and office uses. Residential and office uses shall be allowed within the same structure. When the R-2 zoning district is located in older, developed areas of the city, the zoning regulations are intended to provide…
Zone name
Residential And Office
General category
COMMERCIAL
Zone area
554.16 ac
Source
Realmo
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
$294,421
Tax year 2023
Assessed value
$17,453,460
Assessed 2023
Previous assessed
$16,554,349
+5.4% YoY
Effective rate
1.69%
On assessed value
Land market value
$1,260,417
Improvement market value
$16,193,043
Total market value
$17,453,460
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2020
Construction
TYPE NOT SPECIFIED
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
57,582 SF
Lot
5.98 ac (260,489 SF)
Zoning code
R-2
APN
33-1S-30-7200-000-000
UPID
US18-6021453
Jurisdiction
ESCAMBIA
Zoning & alternative use
R-2 · Pensacola, FLZoning R-2 · permitted uses
R-2 · Pensacola, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The residential or office land use district is established for the purpose of providing for a mixture of residential housing types and densities and office uses. Residential and office uses shall be allowed within the same structure. When the R-2 zoning district is located in older, developed areas of the city, the zoning regulations are intended to provide for residential or office infill development at a density, character and scale compatible with the surrounding area. In some cases the R-2 district is also intended as a transition area between commercial and residential uses.
Zone name
Residential And Office
General category
COMMERCIAL
Zone area
554.16 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2020
Construction
TYPE NOT SPECIFIED
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
2
Lot
5.98 ac
Current owner
From public records · entity-resolved
Summit LLC
Entity
Free & Clear · 0 yrs held
Mailing address
5110 BYU BLVD, PENSACOLA, FL 32503-2102
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2026
$39,000,000
Summit LLC
Nngs Development LLC
Special Warranty Deed
—
May 31, 2019
$2,046,071
Nngs Dev LLC
Sacred Heart Health System INC
Grant Deed
$28,813,610 · Doc-pensacola Summit Asc LLC
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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