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    3300 N Pace Blvd Pensacola, FL 32505
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    Property profile & analytics

    3300 N Pace Blvd Pensacola, FL 32505

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    • Community centers
    • 89,624 SF
    • 26.61 lot acres
    For Lease
    $3 SF/Yr
    View Listing →
    Retail and Warehouse Space Available For Lease
    $3 SF/Yr
    39,118 SF

    Retail and Warehouse Space Available

    Retail and warehouse spaces for lease. Flexible configurations available.

    3300 N Pace Blvd, Pensacola, FL 32505
    View Listing
    Property ID
    US19-0814798
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Shoe Show / Clothing & Fashion Store / (Bike/Boat/Book/etc) Store
    • American Eagle Wholesale / Big Box & Wholesale Store
    • City Gear / Clothing & Fashion Store / (Bike/Boat/Book/etc) Store
    • Original Kings of Barbering / Barber Shop
    • Families First Network / Social Service Agency / Charitable Organization

    Property Details for 3300 N Pace Blvd

    Year built
    1957
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    26.61 lot acres
    Property size
    89,624 SF
    Zone code
    HC/LI
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    09-2S-30-1100-000-197
    APU
    092S301100000197

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $12,079,000
      Market price range: $6.31M - $20.9M
      AI Estimate
      $12,079,000
      Market price range: $6.31M - $20.9M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $13,825,000
      Current use
      OFFICE BUILDING
      $12,195,000
      Change: -12% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $11,350,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.2379
    Latitude
    30.4472
    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
    $115,845
    $0.00
    $0.00
    $7,506,455
    -
    $2,873,880
    $4,632,575
    $7,506,455

    Comparable in this City

    • Value Estimation
      $1,465,000
      15,066 SF

      5104 St

      MINI-MALL • 15,066 SF
      5104 St, Pensacola, FL 32505-3104
      View Details
    • Value Estimation
      $720,000
      6,323 SF

      1611 Pace Blvd

      MINI-MALL • 6,323 SF
      1611 Pace Blvd, Pensacola, FL 32505-6049
      View Details
    • Value Estimation
      $690,000
      2,945 SF

      3310 Pace Blvd

      MINI-MALL • 2,945 SF
      3310 Pace Blvd, Pensacola, FL 32505-5126
      View Details
    • Value Estimation
      $550,000
      5,150 SF

      4100 St

      MINI-MALL • 5,150 SF
      4100 St, Pensacola, FL 32505-4081
      View Details
    • Value Estimation
      $1,630,000
      14,420 SF

      2860 Navy Blvd

      MINI-MALL • 14,420 SF
      2860 Navy Blvd, Pensacola, FL 32505-8020
      View Details
    • Value Estimation by Request
      5,482 SF

      955 Massachusetts Ave

      MINI-MALL • 5,482 SF
      955 Massachusetts Ave, Pensacola, FL 32505-3865
      View Details

    Similar Nearby for Sale

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      12,166 SF

      Prime Pensacola Shopping Plaza

      High-traffic location, diverse tenants, excellent investment.
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    • $679,000
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      Prime Pensacola Retail Opportunity

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    • $599,000
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      Prime Pensacola Retail/Office Space

      Renovated freestanding building; excellent visibility & parking.
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    • $2,550,000

      Pensacola Portfolio of Four Properties

      Four-property portfolio in Pensacola, Florida, for investors or redevelopment.
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    • $295,000
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      Retail Property on Mobile Highway

      Retail property with potential for two tenants.
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    • $795,000

      Corner Lot Drive-Thru Restaurant

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    Similar Nearby for Lease

    • Contact for pricing
      472 SF

      Pensacola Retail and Warehouse Space

      Retail and warehouse space in established Pensacola shopping center.
      3300 N Pace Blvd, Pensacola, FL 32505
      View Details
    • $13 SF/Yr
      2,450 SF

      Pensacola Strip Center For Rent

      32,450 SF strip center with excellent access and visibility.
      5800 North St W, Pensacola, FL 32505
      View Details
    • $18 SF/Yr
      1,200 SF

      Pensacola Retail Space - 1200 SF

      High-traffic retail space, NNN lease.
      5104 N W St, Pensacola, FL 32505
      View Details
    • $10 SF/Yr
      2,500 SF

      Prime Pensacola Retail Space Available

      Renovated 2,500 SF Suite, N Pace Blvd
      1612 N Pace Boulevard, Pensacola, FL 32505
      View Details
    • $900 /Mo
      1,500 SF

      Pensacola Office Space: 1500 SF

      Prime Pensacola Office, Flexible Lease
      2409 W Cervantes St, Pensacola, FL 32505
      View Details
    • $25 SF/Yr
      4,510 SF

      Pensacola Convenience Store - Lease

      High-traffic location, 4,510 SF, ample parking.
      4021 N W St, Pensacola, FL 32505
      View Details

    Property Visit Statistics

    • Visits by month
      7.3k
    • Visitors by month
      6.2k
    • Avg Time on site
      30 min
    View Listing
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    Pensacola, FL 32505
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    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
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    3300 N Pace Blvd, Pensacola, FL, 32505
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