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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Showrooms
310 Hickory St, Pensacola, FL 32505-4406
Entity Owned
8-yr Hold
Free & Clear
Property ID
US18-1787881
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1959
Construction
TYPE NOT SPECIFIED
Total area
12,768 SF
Lot
3.24 ac (141,134 SF)
Zoning code
M-1
APN
07-2S-30-1003-000-000
UPID
US18-1787881
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$649k
Blend (final)
Blend
$650k
Owner & transaction history
Spaires INC · 8 yrs held
Spaires INC
since 2018
6 recorded transactions
Zoning & alternative use
M-1 · Pensacola, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
COMMERCIAL (GENERAL)
$875,000
Current use
Blend value · Realmo final
$650k
Range $585k – $715k · ±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
$51 / 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
$11,415
Tax year 2023
Assessed value
$477,824
Assessed 2023
Previous assessed
$470,259
+1.6% YoY
Effective rate
2.39%
On assessed value
Land market value
$61,560
Improvement market value
$502,387
Total market value
$563,947
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
1959
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Bathrooms
4
Total area
12,768 SF
Lot
3.24 ac (141,134 SF)
Zoning code
M-1
APN
07-2S-30-1003-000-000
UPID
US18-1787881
Jurisdiction
ESCAMBIA
Zoning & alternative use
M-1 · Pensacola, FL
Zoning M-1 · permitted uses
M-1 · 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
COMMERCIAL (GENERAL) Current
Est. value
$875,000
COMMERCIAL (GENERAL) Current
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
1959
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
4
Lot
3.24 ac
Current owner
From public records · entity-resolved
Spaires INC
Entity
Free & Clear · 8 yrs held
Mailing address
10 SPRUCE ST, PENSACOLA, FL 32505-4424
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2018
$250,000
Spaires INC
First NA
Grant Deed
—
Jan 16, 2018
$800,000
Spaires INC
Fdc Holdings INC
Warranty Deed
$975,000 · First Cahawba Bk
Aug 17, 2011
—
Gulf Coast Cmnty Bk
Ast Holdings LLC Coc
Quit Claim Deed
related
—
—
—
Architectural Specialties Trad
—
Deed Of Trust
related
$2,080,000 · Gulf Coast Community Bank
—
—
Ast Holdings LLC
—
Deed Of Trust
related
$2,080,000 · Gulf Coast Community Bank
—
—
Architectural Specialties Trad
—
Deed Of Trust
related
$400,000 · Whitney National Bank
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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