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

    257 Amber St Pensacola, FL 32503

    • Outlet malls
    • 126,650 SF
    • 9.29 lot acres
    For Sale
    View listing
    $23,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4076892
    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

    • Emerald Coast Finest Produce / Grocery Store
    • ATL Cold Storage / Storage Facility
    • Hershey's Ice Cream Distributor / Corporate Office
    • Lion Aerospace International Corp (LAI) / Aerospace Company
    • King Aero Management Corp / Aerospace Company

    Property Details for 257 Amber St

    Year built
    1967
    Construction
    STEEL FRAME
    Lot size
    9.29 lot acres
    Property size
    126,650 SF
    Zone code
    HC/LI
    Property type
    Outlet malls
    APN
    48-1S-30-3101-000-001
    APU
    481S303101000001

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,538,000
      Market price range: $8.54M - $21.9M
      AI Estimate
      $8,538,000
      Market price range: $8.54M - $21.9M

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.2319
    Latitude
    30.4659
    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
    $60,249
    $0.00
    $0.00
    $3,850,211
    -
    $185,800
    $3,994,980
    $4,180,780

    Comparable in this City

    • Value Estimation
      $610,000
      9,028 SF

      3918 Davis Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 9,028 SF
      3918 Davis Hwy, Pensacola, FL 32503-2746
      View Details
    • Value Estimation
      $830,000
      12,325 SF

      2906 Davis Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 12,325 SF
      2906 Davis Hwy, Pensacola, FL 32503-3532
      View Details
    • Value Estimation
      $910,000
      13,521 SF

      135 Terry Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 13,521 SF
      135 Terry Dr, Pensacola, FL 32503-7024
      View Details
    • Value Estimation
      $540,000
      7,984 SF

      3027 Davis Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 7,984 SF
      3027 Davis Hwy, Pensacola, FL 32503-3556
      View Details
    • Value Estimation by Request
      2,014 SF

      4112 Davis Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 2,014 SF
      4112 Davis Hwy, Pensacola, FL 32503-2750
      View Details
    • Value Estimation
      $3,265,000
      28,400 SF

      4601 Mccoy Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 28,400 SF
      4601 Mccoy Dr, Pensacola, FL 32503-2230
      View Details

    Similar Nearby for Sale

    • $895,000
      7,230 SF

      Retail Investment Opportunity For Sale

      Established office/retail site on Davis Hwy, Pensacola, FL.
      5700 N Davis Hwy, Pensacola, FL 32503
      View Details
    • $1,950,000
      5,832 SF

      Pensacola Restaurant & Catering Business

      Turn-key operation, high NOI, strong CAP rate.
      3206 De Soto St, Pensacola, FL 32503
      View Details
    • $895,000
      7,230 SF

      Gaslight Square Retail Investment

      Prime Pensacola retail/office space, ample parking.
      5700 N Davis Hwy, Pensacola, FL 32503
      View Details
    • $950,000
      1,384 SF

      Pensacola Gas Station Investment

      Prime location, high traffic, ready to operate.
      2015 9Th Ave, Pensacola, FL 32503
      View Details
    • $2,307,692
      6,232 SF

      Cordova Mall Outparcel Investment Opportunity

      High-performing NNN property with a strong national tenant.
      5060 Bayou Blvd, Pensacola, FL 32503
      View Details
    • Contact for pricing
      34,500 SF

      Retail, Showroom, and Warehouse Space

      Two buildings with retail, showroom, office, and warehouse space.
      5600 N Davis Hwy, Pensacola, FL 32503
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      729 SF

      Pensacola Retail Space - 729 SF

      Class-A retail space, prime location, high traffic.
      85 W Airport Blvd, Pensacola, FL 32503
      View Details
    • $16 SF/Yr
      1,457 SF

      Pensacola Retail Space For Lease

      High-traffic location, 1,457 sq ft retail space.
      5007 Davis Hwy, Pensacola, FL 32503
      View Details
    • $18 SF/Yr
      17,000 SF

      Pensacola Class-A Retail Center

      Prime Retail Space Available, High Traffic
      85 Airport Blvd, Pensacola, FL 32503
      View Details
    • $16 SF/Yr
      1,500 SF

      Pensacola Retail Space: 1500 SF

      High-traffic Pensacola retail space available.
      5007 Davis Hwy, Pensacola, FL 32503
      View Details
    • $16 SF/Yr
      2,100 SF

      Pensacola Retail Space - 2100 SF

      High-traffic Pensacola retail space, ideal for various businesses.
      5007 Davis Hwy, Pensacola, FL 32503
      View Details
    • $16 SF/Yr
      1,457 SF

      Pensacola Retail Space For Rent

      Retail space in high-traffic Pensacola shopping center near I-110.
      5007 Davis Hwy, Pensacola, FL 32503
      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.
    257 Amber St
    Pensacola, FL 32503
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.