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Property profile & analytics
OFF-MARKET
Estimated value
$835,000
Community centers
2050 12th Ave, Pensacola, FL 32503-5303
Entity Owned
2-yr Hold
Free & Clear
Property ID
US19-0506755
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,648 SF
Lot
0.21 ac (9,030 SF)
Zoning code
C-1
APN
00-0S-00-9025-001-246
UPID
US19-0506755
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
-
Revolver Records (Bike/Boat/Book/etc) Store
-
Jitterbug Beverage Co. Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$835k
CAP Approach
CAP
$1.04M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$835k
Owner & transaction history
Izzy And Hugo LLC · 2 yrs held
Izzy And Hugo LLC
since 2024
Last sale
$832,500
4 recorded transactions
Zoning & alternative use
C-1 · Pensacola, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.0M
+17.9%
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
$835,000
ML approach
$835,000
CAP Approach
CAP Return
Estimation
6%
$1,125,000
6.5%
$1,040,000
7%
$965,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$870,000
Current use
COMMERCIAL (GENERAL)
$1,025,000
Change: +18% · Conversion: Easy
AUTO REPAIR, GARAGE
$795,000
Change: -9% · Conversion: Difficult
OFFICE BUILDING
$715,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$835k
Range $752k – $919k · ±10% · vs last sale $833k (Feb 13 2024)
Last sale anchor
$833k
Feb 13 2024
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
$148 / 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
$4,676
Tax year 2023
Assessed value
$267,216
Assessed 2023
Previous assessed
$267,216
+0.0% YoY
Effective rate
1.75%
On assessed value
Land market value
$99,330
Improvement market value
$167,886
Total market value
$267,216
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
4
Total area
5,648 SF
Lot
0.21 ac (9,030 SF)
Zoning code
C-1
APN
00-0S-00-9025-001-246
UPID
US19-0506755
Jurisdiction
ESCAMBIA
Zoning & alternative use
C-1 · Pensacola, FL
Zoning C-1 · permitted uses
C-1 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$870,000
COMMERCIAL (GENERAL)
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$795,000
OFFICE BUILDING
Est. value
$715,000
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
4
Lot
0.21 ac
Current owner
From public records · entity-resolved
Izzy And Hugo LLC
Entity
Free & Clear · 2 yrs held
Mailing address
13301 LILLIAN HWY, PENSACOLA, FL 32506-8432
Ownership since
2024
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
Feb 13, 2024
$832,500
Izzy And Hugo LLC
Rodgers Bridges LLC
Warranty Deed
—
Sep 28, 2007
$220,000
Rodgers-bridges LLC
Smith,harry O
Warranty Deed
$188,380 · Harry O Smith
Aug 5, 2005
—
Jewell M Smith
Smith,jewell M
Quit Claim Deed
related
—
—
—
Rodgers-bridges LLC
—
Deed Of Trust
related
$151,615 · Larry & Lora W Rodgers
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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