Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$19,800,000
Retail properties & Spaces
2650 Creighton Rd Pensacola, FL 32504-7382
Individually Owned
7-yr Hold
Free & Clear
Property ID
US18-3212276
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
217,547 SF
Lot
26.46 ac (1,152,598 SF)
Zoning code
C-1,R-1AA
APN
10-1S-29-2301-000-010
UPID
US18-3212276
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
-
Subway Restaurant Take-out & Catering
-
Walmart Money Center Check Cashing
-
Sight & Sun Eye Works Ophthalmologist (Bike/Boat/Book/etc) Store
-
Porch, Ed OD Physician
-
Dr. Charles E. Porch, OD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$19.80M
Blend (final)
Blend
$19.80M
Owner & transaction history
Creighton Commons Pensacola Fl · 7 yrs held
Creighton Commons Pensacola Fl
since 2018
3 recorded transactions
Zoning & alternative use
C-1,R-1AA · Pensacola, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$30.6M
+16.0%
Commercial (general)
$29.7M
+12.8%
Office building
$28.9M
+9.8%
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
Alternative Use
Use
Estimation
RETAIL STORES
$26,370,000
Current use
AUTO REPAIR, GARAGE
$30,595,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$29,745,000
Change: +13% · Conversion: Easy
OFFICE BUILDING
$28,945,000
Change: +10% · Conversion: Easy
INDUSTRIAL (GENERAL)
$25,820,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$19.80M
Range $17.82M – $21.78M · ±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
$91 / 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
$227,959
Tax year 2023
Assessed value
$12,636,190
Assessed 2023
Previous assessed
$12,520,447
+0.9% YoY
Effective rate
1.80%
On assessed value
Land market value
$4,077,400
Improvement market value
$8,558,790
Total market value
$12,636,190
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Bathrooms
14
Total area
217,547 SF
Lot
26.46 ac (1,152,598 SF)
Zoning code
C-1,R-1AA
APN
10-1S-29-2301-000-010
UPID
US18-3212276
Jurisdiction
ESCAMBIA
Zoning & alternative use
C-1,R-1AA · Pensacola, FL
Zoning C-1,R-1AA · permitted uses
C-1,R-1AA · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$26.4M
AUTO REPAIR, GARAGE
Est. value
$30.6M
COMMERCIAL (GENERAL)
Est. value
$29.7M
OFFICE BUILDING
Est. value
$28.9M
INDUSTRIAL (GENERAL)
Est. value
$25.8M
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
14
Lot
26.46 ac
Current owner
From public records · entity-resolved
Creighton Commons Pensacola Fl
Individual
Free & Clear · 7 yrs held
Mailing address
PO BOX 8050, BENTONVILLE, AR 72712-8055
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2018
$2,310,000
Creighton Commons Pensacola Fl
Real Invs Of Ctrl Florida LLC
Grant Deed
—
Feb 23, 2015
—
State Of Florida Dept & Transportat
Wal-mart Stores East LP
Warranty Deed
related
—
Apr 14, 2009
—
Stores East Wal-mart
Wal-mart Stores East INC
Quit Claim Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2650 Creighton Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
