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Property profile & analytics
OFF-MARKET
Estimated value
$2,000,000
Showrooms
2800 Palafox St BLK, Pensacola, FL 32501-1437
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-5993671
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1979
Construction
TYPE NOT SPECIFIED
Total area
6,707 SF
Lot
0.8 ac (34,848 SF)
Zoning code
HC/LI
APN
04-2S-30-5301-001-001
UPID
US18-5993671
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
-
MerakiSolarWarehouse Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.00M
CAP Approach
CAP
$1.23M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.00M
Owner & transaction history
Jts Holdings Of Pensacola LLC · 2 yrs held
Jts Holdings Of Pensacola LLC
since 2024
Last sale
$2.0M
5 recorded transactions
Zoning & alternative use
HC/LI · Pensacola, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.1M
+128.7%
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
$2,000,000
ML approach
$2,000,000
CAP Approach
CAP Return
Estimation
6%
$1,330,000
6.5%
$1,225,000
7%
$1,140,000
Alternative Use
Use
Estimation
RESTAURANT
$2,095,000
Change: +129% · Conversion: Difficult
Blend value · Realmo final
$2.00M
Range $1.80M – $2.20M · ±10% · vs last sale $2.00M (May 30 2024)
Last sale anchor
$2.00M
May 30 2024
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
$298 / 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
$2,036
Tax year 2023
Assessed value
$128,676
Assessed 2023
Previous assessed
$128,676
+0.0% YoY
Effective rate
1.58%
On assessed value
Land market value
$25,600
Improvement market value
$103,076
Total market value
$128,676
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1979
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
NONE
Stories
1
Total area
6,707 SF
Lot
0.8 ac (34,848 SF)
Zoning code
HC/LI
APN
04-2S-30-5301-001-001
UPID
US18-5993671
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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.1M
RESTAURANT
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
1979
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.8 ac
Current owner
From public records · entity-resolved
Jts Holdings Of Pensacola LLC
Entity
Mailing address
PO BOX 690, CANTONMENT, FL 32533-0690
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2024
$2,000,000
Jts Holdings Of Pensacola LLC
2800 N Palafox St LLC
Warranty Deed
$1,400,000 · Servisfirst Bank
Nov 25, 2020
$800,000
2800 N Palafox LLC
Oldcastle South Apg INC
Grant Deed
—
Oct 10, 2017
$524,824
Oldcastle South Apg INC
Ready Mix USA LLC
Grant Deed
—
Oct 10, 2017
—
Oldcastle South Apg INC
Ready Mix USA LLC
Grant Deed
—
Aug 15, 2005
$555,000
Ready Mix USA LLC
Ready Mix USA INC
Grant Deed
related
—
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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