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Property profile & analytics
FOR SALE
Outlet malls
257 Amber St, Pensacola, FL 32503
Entity Owned
25-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4076892
For Sale
1 / 10
$17,900,000
257 Amber St, Pensacola, FL 32503
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Property summary
AI-generated overview
This exceptional investment opportunity presents a Class A, multi-tenant industrial warehouse complex located at 257 Amber St, Pensacola, FL 32503, in Escambia County. The property boasts a total of 142,234 square feet across three buildings situated on a 9.6-acre lot (APN: 481S303101000001) zoned HC/LI. Built in 1967 and renovated in 1990, the complex features a main warehouse building of 126,714 square feet constructed of concrete, and two additional metal buildings with roll-up door access. The property offers 10 dock-high doors and a 20-foot ceiling height. Currently 100% occupied by six credit-rated tenants under long-term NNN leases, generating a strong NOI of $881,000 and a 4.00% cap rate. The asking price is $23,500,000 ($177.52 per square foot). This prime location is adjacent to a new hospital at I-110 and Brent Lane, promising significant future growth potential with anticipated development of medical office space and related services in the surrounding area. This is a rare opportunity to acquire a high-performing, well-located industrial asset with substantial upside potential.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1967
Construction
STEEL FRAME
Total area
126,650 SF
Lot
9.29 ac (404,672 SF)
Zoning code
HC/LI
APN
48-1S-30-3101-000-001
UPID
US18-4076892
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
-
Emerald Coast Finest Produce Grocery & Convenience Store Food Market
-
ATL Cold Storage Storage Facility
-
Hershey's Ice Cream Distributor Corporate Office
-
Lion Aerospace International Corp (LAI) Corporate Office Factory
-
King Aero Management Corp Corporate Office Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.54M
Blend (final)
Blend
$8.54M
Owner & transaction history
EMERALD COAST FINEST PRODUCE COMPANY INC
EMERALD COAST FINEST PRODUCE COMPANY INC
Zoning & alternative use
HC/LI · 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
Blend value · Realmo final
$8.54M
Range $7.69M – $9.39M · ±10%
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
$67 / 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
$60,249
Tax year 2023
Assessed value
$3,850,211
Assessed 2023
Previous assessed
$3,593,920
+7.1% YoY
Effective rate
1.56%
On assessed value
Land market value
$185,800
Improvement market value
$3,994,980
Total market value
$4,180,780
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Sale
Year built
1967
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
6
Total area
126,650 SF
Lot
9.29 ac (404,672 SF)
Zoning code
HC/LI
APN
48-1S-30-3101-000-001
UPID
US18-4076892
Jurisdiction
ESCAMBIA
Zoning & alternative use
HC/LI · Pensacola, FL
Zoning HC/LI · permitted uses
HC/LI · 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.
Building & site characteristics
From public records
Year built
1967
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
6
Lot
9.29 ac
Current owner
From public records · entity-resolved
EMERALD COAST FINEST PRODUCE COMPANY INC
Entity
Free & Clear · 0 yrs held
Mailing address
3500 DEWEY ROSE LN, CANTONMENT, FL 32533-9245
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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