2400 W Michigan Ave Pensacola, FL 32505
Property profile & analytics
2400 W Michigan Ave Pensacola, FL 32505
- Community centers
- 8,150 SF
- 2.42 lot acres
Property ID
US18-6089380
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.
Location Intelligence
Current Use by Public Records
- Fresco Recording Services / Recording Studio
- Westgate Village / Business Service Center / Corporate Office
- Vital Care Life Insurance Agency / Insurance Agency
- Harmonic Learning Education and Training / Training Center / Tutoring Service
- US Post Office / Post Office
Property Details for 2400 W Michigan Ave
- Year built
- 1985
- Construction
- WOOD
- Lot size
- 2.42 lot acres
- Property size
- 8,150 SF
- Zone code
- COM
- Property type
- Community centers
- Property subtype
- Shopping centers
- APN
- 43-1S-30-1101-004-001
- APU
- 431S301101004001
Description
Westgate Village, a newly renovated 30,000 square foot commercial center in Pensacola, Florida, offers versatile office and retail spaces. Located at 2400 W Michigan Ave, this Class B property boasts 20 suites, with sizes ranging from 750 to 3,000 contiguous square feet, perfect for businesses seeking flexible options. Recently updated in 2024, the property features fresh paint, new landscaping, improved lighting, and ample parking. Its convenient location on Michigan Avenue, between Mobile Highway and Highway 29, ensures high visibility and accessibility. The property is zoned COM by Escambia County and is currently under new ownership and management, promising a welcoming and professional environment. Multiple tenancy options are available, making it ideal for a variety of businesses. A new monument sign is forthcoming, further enhancing the property's curb appeal. Currently, four spaces are immediately available. This is an excellent opportunity for businesses seeking a modern, well-maintained space in a prime Pensacola location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,600,000
- ML approach
- $1,600,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,625,000
- 6.5%
- $1,500,000
- 7%
- $1,390,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,904,000
- AI Estimate
- $1,904,000
Market price range: $573k - $1.90MMarket price range: $573k - $1.90M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $1,255,000 Current use
- RESTAURANT
- $2,550,000 Change: +103% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,145,000 Change: -9% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,115,000 Change: -11% Conversion: Easy
- OFFICE BUILDING
- $1,110,000 Change: -12% Conversion: Moderate
- RETAIL STORES
- $1,035,000 Change: -18% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Pensacola
- County
- Escambia
- State
- Florida
- Longitude
- -87.2816
- Latitude
- 30.4613
- 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
$20,898
$0.00
$0.00
$1,457,751
-
$290,400
$1,167,351
$1,457,751
