Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2950 Blue Angel Pkwy Pensacola, FL 32506-6905

    • Grocery and convenience stores
    • 19,973 SF
    • 2.60 lot acres
    OFF-MARKET
    Last Sale
    Mar 26, 2020
    $1,680,000
    Value Estimations
    $2,395,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4656940
    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

    • Target / Clothing Store / Baby Store
    • Target Grocery / Grocery & Convenience Store / Food Market
    • Matthew D. Etheredge, PharmD / Pharmacy
    • Beverly H. Jackson, DPH / Pharmacy
    • Pizza Hut Express / Restaurant

    Property Details for 2950 Blue Angel Pkwy

    Year built
    2022
    Construction
    TYPE NOT SPECIFIED
    Lot size
    2.60 lot acres
    Property size
    19,973 SF
    Zone code
    COM
    Property type
    Grocery and convenience stores
    APN
    05-3S-31-1500-007-005
    APU
    053S311500007005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,985,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,771,000
      Market price range: $1.17M - $3.95M
      AI Estimate
      $2,771,000
      Market price range: $1.17M - $3.95M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,420,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $3,080,000
      Change: +27% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $2,810,000
      Change: +16% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,730,000
      Change: +13% Conversion: Easy
      OFFICE BUILDING
      $2,720,000
      Change: +12% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $2,370,000
      Change: -2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.3571
    Latitude
    30.3617
    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
    $26,910
    $0.00
    $0.00
    $1,768,889
    -
    $1,075,932
    $1,198,961
    $2,274,893

    Comparable in this City

    • Value Estimation
      $2,120,000
      19,116 SF

      4830 Mobile Hwy

      GROCERY, SUPERMARKET • 19,116 SF
      4830 Mobile Hwy, Pensacola, FL 32506-3228
      View Details
    • Value Estimation
      $1,575,000
      11,768 SF

      811 Fairfield Dr

      RETAIL STORES (PERSONAL SERVICES) • 11,768 SF
      811 Fairfield Dr, Pensacola, FL 32506-4360
      View Details
    • Value Estimation by Request
      2,743 SF

      6098 Fairfield Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,743 SF
      6098 Fairfield Dr, Pensacola, FL 32506-3444
      View Details
    • Value Estimation
      $1,055,000
      10,200 SF

      4818 Mobile Hwy

      RETAIL STORES (PERSONAL SERVICES) • 10,200 SF
      4818 Mobile Hwy, Pensacola, FL 32506-3228
      View Details
    • Value Estimation
      $915,000
      6,956 SF

      4551 Mobile Hwy

      RETAIL STORES (PERSONAL SERVICES) • 6,956 SF
      4551 Mobile Hwy, Pensacola, FL 32506-3537
      View Details
    • Value Estimation by Request
      2,423 SF

      4917 Mobile Hwy

      RETAIL STORES (PERSONAL SERVICES) • 2,423 SF
      4917 Mobile Hwy, Pensacola, FL 32506-3229
      View Details

    Similar Nearby for Sale

    • $1,600,000
      1,827 SF

      High-Visibility Pensacola Retail Fuel Property

      Prime retail fuel property on a busy Pensacola corridor.
      4121 Mobile Hwy, Pensacola, FL 32506
      View Details
    • $699,000
      5,160 SF

      Prime Pensacola Grocery Store

      Profitable Asian Market, Fully Renovated
      240 New Warrington Rd, Pensacola, FL 32506
      View Details
    • $350,000
      3,733 SF

      Commercial Warehouse and Office Space

      Freestanding warehouse/office with high visibility and recent updates.
      1322 N 61St Ave, Pensacola, FL 32506
      View Details
    • Contact for pricing
      68,045 SF

      Winn-Dixie Anchored Shopping Center

      High-visibility shopping center anchored by Winn-Dixie with box space available.
      50 S Blue Angel Pkwy, Pensacola, FL 32506
      View Details
    • Contact for pricing

      Versatile Commercial Building on Fairfield

      1,271 SF building suitable for office or retail use.
      599 N Fairfield Dr, Pensacola, FL 32506
      View Details
    • $745,000
      22,419 SF

      Pensacola Liquor Store Business

      Established Liquor Store, High Growth Potential
      8187 W Fairfield Drive, Pensacola, FL 32506
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      19,707 SF

      Pensacola Retail Space For Rent

      Retail space with high visibility and ample parking.
      4500 Mobile Hwy, Pensacola, FL 32506
      View Details
    • Contact for pricing
      2,450 SF

      Retail Space in Winn-Dixie Center

      Retail space available in well-located, Winn-Dixie anchored shopping center.
      23-38 S Blue Angel Pkwy, Pensacola, FL 32506
      View Details
    • $14 SF/Yr
      7,900 SF

      Retail Suites on Fairfield Drive

      Retail suites available in Pensacola with high traffic exposure.
      6100 W Fairfield Dr, Pensacola, FL 32506
      View Details
    • Contact for pricing
      77,247 SF

      3737 Fairfield Dr

      Individual retail properties • 77,247 SF
      3737 Fairfield Dr, Pensacola, FL 32506
      View Details
    • $11 SF/Yr

      Prime Pensacola Retail Space

      Newly renovated 4,750 SF end-cap suite. Low market rate.
      6508 - 6516 W Jackson St, Pensacola, FL 32506
      View Details
    • $2,699,085

      Pensacola Retail Storefront For Rent

      9,944 SF Dollar Tree store for rent in Pensacola, Florida.
      2950 S Blue Angel Pkwy, Pensacola, FL 32506
      View Details

    Property Visit Statistics

    • Visits by month
      83.3k
    • Visitors by month
      48.1k
    • Avg Time on site
      32 min
    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.
    2950 Blue Angel Pkwy
    Pensacola, FL 32506-6905
    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.
    Sign Up Successful!
    You now have access to more from Realmo!