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Property profile & analytics
OFF-MARKET
Estimated value
$4,750,000
Hotels
200 Palafox St Pensacola, FL 32502-4841
Entity Owned
~
Est. High Equity
Property ID
US19-0716553
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,333 SF
Lot
0.61 ac (26,400 SF)
Zoning code
C-2A
APN
00-0S-00-9007-002-016
UPID
US19-0716553
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
-
200 South Tap House Bar & Pub
-
Sole Inn and Suites Hotel & Motel
-
Balanced Brands Restaurant
-
Palafox Street Downtown Pensacola Resort
-
Agave Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.75M
Owner & transaction history
200 N Plalafox LLC
200 N Plalafox LLC
since 2025
Last sale
$4.8M
7 recorded transactions
Zoning & alternative use
C-2A · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$5,420,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$4.75M
Range $4.28M – $5.23M · ±10% · vs last sale $4.75M (Nov 24 2025)
Last sale anchor
$4.75M
Nov 24 2025
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
$274 / 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
$23,445
Tax year 2023
Assessed value
$1,205,173
Assessed 2023
Previous assessed
$1,121,749
+7.4% YoY
Effective rate
1.95%
On assessed value
Land market value
$580,800
Improvement market value
$624,373
Total market value
$1,205,173
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
3
Units
45
Bathrooms
49
Total area
17,333 SF
Lot
0.61 ac (26,400 SF)
Zoning code
C-2A
APN
00-0S-00-9007-002-016
UPID
US19-0716553
Jurisdiction
ESCAMBIA
Zoning & alternative use
C-2A · Pensacola, FL
Zoning C-2A · permitted uses
C-2A · 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
RESTAURANT
Est. value
$5.4M
RESTAURANT
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
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
3
Units
45
Bathrooms
49
Lot
0.61 ac
Current owner
From public records · entity-resolved
200 N Plalafox LLC
Entity
Mailing address
200 N PALAFOX ST, PENSACOLA, FL 32502-4841
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 2025
$4,750,000
200 N Plalafox LLC
Gulf Breeze Hotel Group INC
Special Warranty Deed
$244,981 · Central Trust Bank
Jul 2, 2019
—
Gulf Breeze Hotel Group INC
—
Deed
related
$1,563,630 · Synovus Bk
Nov 23, 2016
$1,037,500
Lafon Zepp Holdings LLC
Abbott Military Tailors INC
Warranty Deed
—
Jun 24, 2014
—
Gulf Breeze Hotel Group INC
—
Loan Modification
related
$1,859,396 · Coastal Bk&tr
Sep 16, 2010
—
Gulf Breeze Hotel Group INC
—
Grant Deed
related
$1,991,547 · Coastal Bank & Trust
Aug 2, 2007
—
Esther H Williams
Fan,otto Y S & Ellen
Quit Claim Deed
related
—
Aug 2, 2007
$1,200,000
Gulf Breeze Hotel Group INC
Williams,esther H
Warranty Deed
$1,650,000 · Bank Of Pensacola
Sep 25, 2006
—
Chia C Chiang
Tsai,chun M
Warranty Deed
related
—
—
—
Gulf Breeze Hotel Group INC
—
Loan Modification
related
$1,563,630 · Synovus Bk
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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