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Property profile & analytics
OFF-MARKET
Estimated value
$3,400,000
Turn key restaurants
311 9th Ave Pensacola, FL 32502-4950
Entity Owned
2-yr Hold
Free & Clear
Property ID
US19-0714028
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2003
Construction
STEEL FRAME
Total area
6,703 SF
Lot
1.52 ac (66,211 SF)
Zoning code
GRD
APN
00-0S-00-9025-010-042
UPID
US19-0714028
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
-
civic center pensacola,fl Theater & Performing Art Venue Sports Field & Court
-
Carrabba's Italian Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.51M
Blend (final)
Blend
$3.40M
Owner & transaction history
Siracusa Inversiones USA Corp · 2 yrs held
Siracusa Inversiones USA Corp
since 2024
Last sale
$3.4M
3 recorded transactions
Zoning & alternative use
GRD · Pensacola, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The gateway redevelopment district is established to promote the orderly redevelopment of the southern gateway to the city in order to enhance its visual appearance, preserve a unique shoreline vista, improve traffic safety, and encourage a high quality of site planning and architectural design. Site specific analysis of each development proposal within the…
Zone name
Gateway Redevelopment Zone District
General category
OPEN_SPACE
Zone area
150.91 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
Method
Estimation
Statistic approach
$3,400,000
ML approach
$3,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.40M
Range $3.06M – $3.74M · ±10% · vs last sale $3.40M (Apr 22 2024)
Last sale anchor
$3.40M
Apr 22 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
$507 / 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
$20,699
Tax year 2023
Assessed value
$1,213,096
Assessed 2023
Previous assessed
$1,213,096
+0.0% YoY
Effective rate
1.71%
On assessed value
Land market value
$591,775
Improvement market value
$621,321
Total market value
$1,213,096
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
2003
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
4
Total area
6,703 SF
Lot
1.52 ac (66,211 SF)
Zoning code
GRD
APN
00-0S-00-9025-010-042
UPID
US19-0714028
Jurisdiction
ESCAMBIA
Zoning & alternative use
GRD · Pensacola, FLZoning GRD · permitted uses
GRD · Pensacola, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The gateway redevelopment district is established to promote the orderly redevelopment of the southern gateway to the city in order to enhance its visual appearance, preserve a unique shoreline vista, improve traffic safety, and encourage a high quality of site planning and architectural design. Site specific analysis of each development proposal within the gateway district is intended to ensure that the scenic orientation and open space image of the Bayfront Parkway is maintained, the development character of the Chase-Gregory corridor is upgraded, and the boundary of the adjacent historic district is positively reinforced.
Zone name
Gateway Redevelopment Zone District
General category
OPEN_SPACE
Zone area
150.91 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2003
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
4
Lot
1.52 ac
Current owner
From public records · entity-resolved
Siracusa Inversiones USA Corp
Entity
Free & Clear · 2 yrs held
Mailing address
1080 BRICKELL AVE UNIT #1609, MIAMI, FL 33131-3984
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2024
$3,400,000
Siracusa Inversiones USA Corp
Nnn Reit LP
Special Warranty Deed
—
Mar 20, 2012
$2,581,600
National Retail Properties LP
Private Restaurant Props LLC
Grant Deed
—
Aug 13, 2007
—
Cig Real Estate LLC
Carrabbas Italian Grill INC
Grant Deed
$475,000,000 · German American Capital Corp
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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