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Property profile & analytics
OFF-MARKET
Estimated value
$4,955,000
Turn key restaurants
22 Palafox Pl Pensacola, FL 32502-5628
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-2942818
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1900
Construction
WOOD
Total area
14,928 SF
Lot
0.17 ac (7,583 SF)
Zoning code
C-2A
APN
00-0S-00-9001-002-263
UPID
US18-2942818
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
$3.92M
Blend (final)
Blend
$4.96M
Owner & transaction history
22 S Palafox LLC · 2 yrs held
22 S Palafox LLC
since 2023
Last sale
$6.0M
2 recorded transactions
Zoning & alternative use
C-2A · Pensacola, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The commercial land use district is established for the purpose of providing areas of commercial development ranging from compact shopping areas to limited industrial/high intensity commercial uses. Conventional residential use is allowed as well as residential uses on upper floors above ground floor commercial or office uses and in other types of mixed-use…
Zone name
Downtown Retail Commercial
General category
MIXED_USE
Zone area
190.50 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
Method
Estimation
Statistic approach
$4,945,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.96M
Range $4.46M – $5.45M · ±10% · vs last sale $6.00M (Sep 6 2023)
Last sale anchor
$6.00M
Sep 6 2023
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
$332 / 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
$36,493
Tax year 2023
Assessed value
$1,898,811
Assessed 2023
Previous assessed
$1,918,789
-1.0% YoY
Effective rate
1.92%
On assessed value
Land market value
$265,405
Improvement market value
$1,722,859
Total market value
$1,988,264
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1900
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Bathrooms
3
Total area
14,928 SF
Lot
0.17 ac (7,583 SF)
Zoning code
C-2A
APN
00-0S-00-9001-002-263
UPID
US18-2942818
Jurisdiction
ESCAMBIA
Zoning & alternative use
C-2A · Pensacola, FLZoning 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
Zoning description
The commercial land use district is established for the purpose of providing areas of commercial development ranging from compact shopping areas to limited industrial/high intensity commercial uses. Conventional residential use is allowed as well as residential uses on upper floors above ground floor commercial or office uses and in other types of mixed-use development.
Zone name
Downtown Retail Commercial
General category
MIXED_USE
Zone area
190.50 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1900
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Bathrooms
3
Lot
0.17 ac
Current owner
From public records · entity-resolved
22 S Palafox LLC
Entity
Free & Clear · 2 yrs held
Mailing address
362 GULF BREEZE PKWY #382, GULF BREEZE, FL 32561-4492
Ownership since
2023
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
Sep 6, 2023
$6,000,000
22 S Palafox LLC
Goodson Consulting & Investment LLC
Warranty Deed
—
Nov 15, 2013
$2,150,000
Goodson Consulting & Inv LLC
Starbucks Billiards INC
Warranty Deed
$1,950,000 · Starbuck's Billiards INC
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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