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Property profile & analytics
OFF-MARKET
Estimated value
$1,055,000
Community centers
3101 Cervantes St, Pensacola, FL 32503-6756
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-2750630
Property summary
AI-generated overview
This exceptional 1,260 square foot retail space is located at 3101 E Cervantes Street in Pensacola, Florida, 32503. Situated within a larger 6,174 square foot building on a 0.51-acre lot (APN: 052S295905018013), this single-tenant storefront offers high visibility and easy access in the desirable East Pensacola Heights neighborhood, where Cervantes Street transitions into Scenic Highway. The space features attractive storefront design, boasting 12-foot ceilings, concrete floors, and a single restroom. Its open layout provides flexibility for a variety of uses, making it ideal for businesses such as fitness studios, boutiques, or other retail ventures. The property is zoned R-NC within Escambia County. This location provides superior visibility and accessibility, making it an excellent opportunity for a business seeking a prominent presence in a thriving area. The building is a single-story structure. This is a rare opportunity to secure a well-positioned retail space in a highly sought-after Pensacola location. Serious inquiries only.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2006
Construction
TYPE NOT SPECIFIED
Total area
6,174 SF
Lot
0.52 ac (22,500 SF)
Zoning code
R-NC
APN
05-2S-29-5905-018-013
UPID
US18-2750630
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
-
One Well Life (OWL) Gym & Fitness Center
-
Thrive Co. and Spa Spa & Massage Center
-
Fannie Lou's Ice Cream Grocery & Convenience Store Specialty Food Shop
-
Michelle Beasley MD Physician
-
Alyssa Rose Beauty Bar Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.14M
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$1.06M
Owner & transaction history
Twomays Property INC · 4 yrs held
Twomays Property INC
since 2022
Last sale
$995,000
1 recorded transaction
Zoning & alternative use
R-NC · Pensacola, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+17.9%
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
$880,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,230,000
6.5%
$1,135,000
7%
$1,055,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$950,000
Current use
COMMERCIAL (GENERAL)
$1,125,000
Change: +18% · Conversion: Easy
AUTO REPAIR, GARAGE
$870,000
Change: -9% · Conversion: Difficult
OFFICE BUILDING
$785,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$1.06M
Range $950k – $1.16M · ±10% · vs last sale $995k (May 26 2022)
Last sale anchor
$995k
May 26 2022
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
$171 / 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
$11,602
Tax year 2023
Assessed value
$665,073
Assessed 2023
Previous assessed
$567,590
+17.2% YoY
Effective rate
1.74%
On assessed value
Land market value
$225,000
Improvement market value
$440,073
Total market value
$665,073
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2006
Construction
TYPE NOT SPECIFIED
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
4
Total area
6,174 SF
Lot
0.52 ac (22,500 SF)
Zoning code
R-NC
APN
05-2S-29-5905-018-013
UPID
US18-2750630
Jurisdiction
ESCAMBIA
Zoning & alternative use
R-NC · Pensacola, FL
Zoning R-NC · permitted uses
R-NC · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$950,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$870,000
OFFICE BUILDING
Est. value
$785,000
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2006
Construction
TYPE NOT SPECIFIED
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
4
Lot
0.52 ac
Current owner
From public records · entity-resolved
Twomays Property INC
Entity
Mailing address
PO BOX 517, GULF BREEZE, FL 32562-0517
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2022
$995,000
Twomays Property INC
Pacific Heritage 5 LLC
Warranty Deed
$746,000 · Servisfirst 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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