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    Property profile & analytics

    3419 N 12th Ave Pensacola, FL 32503

    • Community centers
    • 19,256 SF
    • 2.29 lot acres
    For Lease
    View listing
    $25 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1423049
    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.

    Current Use by Public Records

    • Maximilian Coffee / Cafe & Coffee Shop

    Property Details for 3419 N 12th Ave

    Year built
    1959
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.29 lot acres
    Property size
    19,256 SF
    Zone code
    C-1
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    04-2S-30-7001-001-015
    APU
    042S307001001015

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,241,000
      Market price range: $1.35M - $4.50M
      AI Estimate
      $3,241,000
      Market price range: $1.35M - $4.50M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,970,000
      Current use
      COMMERCIAL (GENERAL)
      $3,500,000
      Change: +18% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,710,000
      Change: -9% Conversion: Difficult
      OFFICE BUILDING
      $2,440,000
      Change: -18% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.2087
    Latitude
    30.4474
    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
    $36,276
    $0.00
    $0.00
    $2,014,390
    -
    $598,512
    $1,415,878
    $2,014,390

    Comparable in this City

    • Value Estimation
      $1,905,000
      14,599 SF

      5555 Davis Hwy Ste I

      MINI-MALL • 14,599 SF
      5555 Davis Hwy Ste I, Pensacola, FL 32503-2065
      View Details
    • Value Estimation
      $1,150,000
      7,873 SF

      5710 Davis Hwy

      MINI-MALL • 7,873 SF
      5710 Davis Hwy, Pensacola, FL 32503-2088
      View Details
    • Value Estimation
      $11,845,000
      50,685 SF

      5007 Davis Hwy

      MINI-MALL • 50,685 SF
      5007 Davis Hwy, Pensacola, FL 32503-2300
      View Details
    • Value Estimation by Request
      36,409 SF

      3850 Davis Hwy

      MINI-MALL • 36,409 SF
      3850 Davis Hwy, Pensacola, FL 32503-3025
      View Details
    • Value Estimation by Request
      38,022 SF

      3822 9Th Ave

      Neighborhood centers • 38,022 SF
      3822 9Th Ave, Pensacola, FL 32503
      View Details
    • Value Estimation
      $1,285,000
      5,504 SF

      5147 Byu Blvd

      MINI-MALL • 5,504 SF
      5147 Byu Blvd, Pensacola, FL 32503-2165
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,230 SF

      Retail Investment Opportunity For Sale

      Established office/retail site on Davis Hwy, Pensacola, FL.
      5700 N Davis Hwy, Pensacola, FL 32503
      View Details
    • $1,625,000
      2,868 SF

      Scenic Hwy Restaurant - Pensacola, FL

      Thriving Restaurant, Prime Location, High Potential
      555 Scenic Hwy, Pensacola, FL 32503
      View Details
    • $1,950,000
      5,832 SF

      Pensacola Restaurant & Catering Business

      Profitable Restaurant & Catering Complex For Sale
      555 Scenic Hwy, Pensacola, FL 32503
      View Details
    • $345,000

      Cleared Commercial Parcel with Income

      0.48-acre commercial parcel with immediate income and redevelopment potential.
      3499 N Davis Hwy, Pensacola, FL 32503
      View Details
    • $375,000

      Profitable Business with Prime Real Estate

      Established window tinting business with versatile commercial real estate for sale.
      8 E Burgess Rd, Pensacola, FL 32503
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    • $950,000
      1,384 SF

      Pensacola Gas Station Investment

      Prime location, high traffic, ready to operate.
      2015 9Th Ave, Pensacola, FL 32503
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      38,022 SF

      Pensacola Retail Redevelopment Opportunity

      High-traffic location, flexible space available.
      3822 9Th Ave, Pensacola, FL 32503
      View Details
    • $18 SF/Yr
      17,000 SF

      Pensacola Class-A Retail Center

      Prime Retail Space Available, High Traffic
      85 Airport Blvd, Pensacola, FL 32503
      View Details
    • $16 SF/Yr
      1,457 SF

      Pensacola Retail Space For Lease

      High-traffic location, 1,457 sq ft retail space.
      5007 Davis Hwy, Pensacola, FL 32503
      View Details
    • $18 SF/Yr
      729 SF

      Pensacola Retail Space - 729 SF

      Class-A retail space, prime location, high traffic.
      85 W Airport Blvd, Pensacola, FL 32503
      View Details
    • $16 SF/Yr
      1,500 SF

      Pensacola Retail Space: 1500 SF

      High-traffic Pensacola retail space available.
      5007 Davis Hwy, Pensacola, FL 32503
      View Details
    • $16 SF/Yr
      2,100 SF

      Pensacola Retail Space - 2100 SF

      High-traffic Pensacola retail space, ideal for various businesses.
      5007 Davis Hwy, Pensacola, FL 32503
      View Details
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    Pensacola, FL 32503
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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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