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Property profile & analytics
OFF-MARKET
Estimated value
$5,005,000
Flex space
3380 Bill Metzger Ln Pensacola, FL 32514-7069
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US19-0625949
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1993
Construction
TYPE NOT SPECIFIED
Total area
47,082 SF
Lot
5.02 ac (218,671 SF)
Zoning code
HC/LI
APN
03-1S-29-1002-000-013
UPID
US19-0625949
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
$5.00M
Blend (final)
Blend
$5.01M
Owner & transaction history
Terhaar Development Group LLC · 7 yrs held
Terhaar Development Group LLC
since 2019
3 recorded transactions
Zoning & alternative use
HC/LI · Pensacola, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$7.3M
+30.0%
Auto repair, garage
$6.6M
+18.5%
Office building
$6.5M
+15.7%
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
INDUSTRIAL (GENERAL)
$5,590,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$7,260,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,620,000
Change: +19% · Conversion: Easy
OFFICE BUILDING
$6,465,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$5,705,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$5.01M
Range $4.50M – $5.51M · ±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
$106 / 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
$26,738
Tax year 2023
Assessed value
$1,786,136
Assessed 2023
Previous assessed
$1,649,009
+8.3% YoY
Effective rate
1.50%
On assessed value
Land market value
$160,640
Improvement market value
$1,768,601
Total market value
$1,929,241
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1993
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
1
Bathrooms
6
Total area
47,082 SF
Lot
5.02 ac (218,671 SF)
Zoning code
HC/LI
APN
03-1S-29-1002-000-013
UPID
US19-0625949
Jurisdiction
ESCAMBIA
Zoning & alternative use
HC/LI · Pensacola, FL
Zoning HC/LI · permitted uses
HC/LI · 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
INDUSTRIAL (GENERAL) Current
Est. value
$5.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.3M
AUTO REPAIR, GARAGE
Est. value
$6.6M
OFFICE BUILDING
Est. value
$6.5M
RETAIL STORES
Est. value
$5.7M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1993
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
1
Bathrooms
6
Lot
5.02 ac
Current owner
From public records · entity-resolved
Terhaar Development Group LLC
Entity
Mailing address
1401 E BELMONT ST, PENSACOLA, FL 32501-4321
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Jan 3, 2019
$725,500
Terhaar Development Group LLC
Terhaar & Cronley Development Compa
Warranty Deed
$725,493 · Whitney Bank
Dec 29, 2008
$1,450,000
Terhaar & Cronley Dev Co LLC
Multimedia Holdings Corp
Grant Deed
$1,160,000 · Hancock Bank Of Florida
Dec 17, 2008
$1,450,000
Owner Name Unavailable
Owner Name Unavailable
Warranty Deed
related
—
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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