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Property profile & analytics
OFF-MARKET
Turn key restaurants
301 Adams St Pensacola, FL 32502-6001
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US18-0894815
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1918
Construction
WOOD
Total area
1,502 SF
Lot
0.07 ac (3,000 SF)
Zoning code
HC-1
APN
00-0S-00-9005-001-019
UPID
US18-0894815
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
-
Lucy's In The Square Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kilpatrick Investments LLC · 11 yrs held
Kilpatrick Investments LLC
since 2014
3 recorded transactions
Zoning & alternative use
HC-1 · Pensacola, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The historic zoning districts are established to preserve the development pattern and distinctive architectural character of the district through the restoration of existing buildings and construction of compatible new buildings. The official listing of the Pensacola historic district (which includes all areas designated as historic zoning districts) on the…
Zone name
Historic Commercial
General category
COMMERCIAL
Zone area
76.87 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,033
Tax year 2023
Assessed value
$217,359
Assessed 2023
Previous assessed
$239,904
-9.4% YoY
Effective rate
1.86%
On assessed value
Land market value
$132,000
Improvement market value
$148,756
Total market value
$280,756
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1918
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
1
Bathrooms
1
Total area
1,502 SF
Lot
0.07 ac (3,000 SF)
Zoning code
HC-1
APN
00-0S-00-9005-001-019
UPID
US18-0894815
Jurisdiction
ESCAMBIA
Zoning & alternative use
HC-1 · Pensacola, FLZoning HC-1 · permitted uses
HC-1 · Pensacola, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The historic zoning districts are established to preserve the development pattern and distinctive architectural character of the district through the restoration of existing buildings and construction of compatible new buildings. The official listing of the Pensacola historic district (which includes all areas designated as historic zoning districts) on the National Register of Historic Places and the authority of the architectural review board reinforce this special character. Zoning regulations are intended to ensure that future development is compatible with and enhances the pedestrian scale of the existing structures and period architectural character of the districts.
Zone name
Historic Commercial
General category
COMMERCIAL
Zone area
76.87 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1918
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
1
Bathrooms
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Kilpatrick Investments LLC
Entity
Mailing address
304 S ALCANIZ ST, PENSACOLA, FL 32502-6013
Ownership since
2014
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
Aug 16, 2019
—
Kilpatrick Investments LLC
—
Deed
related
$162,391 · Harvesters FCU
Aug 5, 2014
$255,000
Kilpatrick Investments LLC
Mark I Properties LLC
Warranty Deed
$191,250 · Harvesters Federal Credit Union
—
—
Kilpatrick Investments LLC
—
Loan Modification
related
$162,391 · Harvesters FCU
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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