Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2219 Jordan St Pensacola, FL 32505-5803

    • Office buildings
    • 855 SF
    • 0.29 lot acres
    OFF-MARKET
    Last Sale
    Feb 22, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3748300
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Graphic Designer / Graphic Designer
    • The Sign Designer / Sign Shop

    Property Details for 2219 Jordan St

    Year built
    1942
    Construction
    WOOD
    Lot size
    0.29 lot acres
    Property size
    855 SF
    Zone code
    HC/LI
    Property type
    Office buildings
    APN
    17-2S-30-1200-001-002
    APU
    172S301200001002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.2425
    Latitude
    30.4339
    CBSA code
    37860
    CBSA name
    PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $904
    $0.00
    $0.00
    $53,490
    -
    $16,983
    $50,039
    $67,022

    Comparable in this City

    • Value Estimation
      $5,035,000
      59,301 SF

      75 Pace Blvd

      OFFICE BUILDING • 59,301 SF
      75 Pace Blvd, Pensacola, FL 32505-7965
      View Details
    • Value Estimation
      $760,000
      4,712 SF

      5401 Pensacola Blvd

      OFFICE BUILDING • 4,712 SF
      5401 Pensacola Blvd, Pensacola, FL 32505-2519
      View Details
    • Value Estimation by Request
      3,000 SF

      4710 St

      OFFICE BUILDING • 3,000 SF
      4710 St, Pensacola, FL 32505-3106
      View Details
    • Value Estimation by Request
      1,231 SF

      888 Clearwater Ave

      OFFICE BUILDING • 1,231 SF
      888 Clearwater Ave, Pensacola, FL 32505
      View Details
    • Value Estimation
      $1,785,000
      21,006 SF

      6565 St

      OFFICE BUILDING • 21,006 SF
      6565 St, Pensacola, FL 32505-1715
      View Details
    • Value Estimation by Request
      3,847 SF

      2506 Fairfield Dr

      OFFICE BUILDING • 3,847 SF
      2506 Fairfield Dr, Pensacola, FL 32505-5048
      View Details

    Similar Nearby for Sale

    • $550,000
      2,883 SF

      Immaculate Pensacola Office Building

      Modern 2,145 SF office, ½ acre lot, $550,000
      3407 N L St, Pensacola, FL 32505
      View Details
    • $9,700,000
      21,720 SF

      Pensacola Palafox Street Investment Opportunity

      Iconic 21,720 SF waterfront property in downtown Pensacola.
      815 South Palafox St, Pensacola, FL 32505
      View Details
    • $365,000
      2,520 SF

      Pensacola Office Building For Sale

      2,520 sq ft office building suitable for medical or professional use.
      1500 N Pace Blvd, Pensacola, FL 32505
      View Details
    • $2,200,000
      14,476 SF

      Pensacola Office Building For Sale

      Prime Pensacola Office Space - Ready to Occupy
      6451 N W St, Pensacola, FL 32505
      View Details
    • $450,000
      2,145 SF

      Renovated Office Building with Storage

      Completely renovated office building with outdoor storage and parking.
      3407 N L St, Pensacola, FL 32505
      View Details
    • $239,000
      4,488 SF

      Pensacola Mixed-Use Property Investment

      Prime Pensacola location, 4,488 SF mixed-use building.
      2106 W Lakeview Ave, Pensacola, FL 32505
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      1,100 SF

      Pensacola Executive Office Suite

      Prime Location, 1100 SF Office Space
      3105 North T Street, Pensacola, FL 32505
      View Details
    • $13 SF/Yr
      1,880 SF

      Renovated Freestanding Office Building

      Renovated office building with excellent parking and high traffic frontage.
      2965 W Navy Blvd, Pensacola, FL 32505
      View Details
    • Contact for pricing
      10,160 SF

      Large Office Building For Rent

      Large office building with ample parking near I-10.
      6425 Pensacola Blvd, Pensacola, FL 32505
      View Details
    • $1,462 /Mo
      1,210 SF

      Pensacola Office Space - Suite 250

      1210 sq ft office, prime Pensacola location. Available August 1st.
      6565 North W Street, Suite 240, Pensacola, FL 32505
      View Details
    • $12 SF/Yr
      2,000 SF

      Pensacola Warehouse Space Available

      Modern 2,000 sq ft warehouse with office.
      2775 N. W Street, Pensacola, FL 32505
      View Details
    • $900 /Mo
      1,500 SF

      Pensacola Office Space: 1500 SF

      Prime Pensacola Office, Flexible Lease
      2409 W Cervantes St, Pensacola, FL 32505
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2219 Jordan St
    Pensacola, FL 32505-5803
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.