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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Investment properties
1924 Creighton Rd Pensacola, FL 32504-7214
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-5060991
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1956
Construction
WOOD FRAME
Total area
2,568 SF
Lot
0.58 ac (25,300 SF)
Zoning code
COM
APN
31-1S-30-1901-220-002
UPID
US18-5060991
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
-
Triops, Inc. (Bike/Boat/Book/etc) Store Arcade & Gaming Center
-
Bayou Pools General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$470k
Comparable Approach
Comparable
$661k
Blend (final)
Blend
$500k
Owner & transaction history
Scenic Pools LLC · 4 yrs held
Scenic Pools LLC
since 2022
Last sale
$420,800
4 recorded transactions
Zoning & alternative use
COM · Pensacola, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$395,000
+12.8%
Auto repair, garage
$360,000
+2.9%
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
Method
Estimation
Statistic approach
$370,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$510,000
6.5%
$470,000
7%
$435,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$350,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$395,000
Change: +13% · Conversion: Difficult
AUTO REPAIR, GARAGE
$360,000
Change: +3% · Conversion: Difficult
OFFICE BUILDING
$340,000
Change: -3% · Conversion: Easy
RETAIL STORES
$310,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$500k
Range $450k – $550k · ±10% · vs last sale $421k (May 11 2022)
Last sale anchor
$421k
May 11 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$195 / SF
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
$5,616
Tax year 2023
Assessed value
$405,728
Assessed 2023
Previous assessed
$146,052
+177.8% YoY
Effective rate
1.38%
On assessed value
Land market value
$111,320
Improvement market value
$294,408
Total market value
$405,728
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1956
Construction
WOOD FRAME
Heating
NONE
Cooling
NONE
Stories
1
Units
2
Bathrooms
1
Total area
2,568 SF
Lot
0.58 ac (25,300 SF)
Zoning code
COM
APN
31-1S-30-1901-220-002
UPID
US18-5060991
Jurisdiction
ESCAMBIA
Zoning & alternative use
COM · Pensacola, FL
Zoning COM · permitted uses
COM · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$350,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$395,000
AUTO REPAIR, GARAGE
Est. value
$360,000
OFFICE BUILDING
Est. value
$340,000
RETAIL STORES
Est. value
$310,000
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1956
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
2
Bathrooms
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
Scenic Pools LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2805 BYU BLVD, PENSACOLA, FL 32503-4205
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2022
$420,800
Scenic Pools LLC
Richard White
Warranty Deed
—
Nov 25, 2020
—
Richard White
Fireball Auctions LLC
Warranty Deed
—
Mar 27, 2015
$201,000
Fireball Auctions LLC
Betty Ann Graves
Warranty Deed
$160,800 · Harvesters Federal Credit Union
—
—
Betty A Graves
—
Deed Of Trust
related
$42,646 · Bank Of America
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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