Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3420 Barrancas Ave Pensacola, FL 32507-2355

    • Retail space
    • 3,854 SF
    • 0.56 lot acres
    OFF-MARKET
    Last Sale
    Jan 29, 2020
    $365,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3921710
    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

    • New Horizons Fitness / Physical Fitness Program / Gym
    • Neighborhood Enterprise Inc / County Government Office
    • Shades of Grey Tattoos / Tattoo Shop

    Property Details for 3420 Barrancas Ave

    Year built
    1956
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.56 lot acres
    Property size
    3,854 SF
    Zone code
    COM
    Property type
    Retail space
    APN
    59-2S-30-1000-001-911
    APU
    592S301000001911

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.2551
    Latitude
    30.3944
    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
    $3,721
    $0.00
    $0.00
    $265,213
    -
    $66,358
    $198,855
    $265,213

    Comparable in this City

    • Value Estimation by Request
      2,841 SF

      13440 Perdido Key Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,841 SF
      13440 Perdido Key Dr, Pensacola, FL 32507-9603
      View Details
    • Value Estimation by Request
      2,615 SF

      1 New Warrington Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,615 SF
      1 New Warrington Rd, Pensacola, FL 32507-1031
      View Details
    • Value Estimation
      $1,685,000
      14,482 SF

      13430 Innerarity Pt Rd

      RETAIL STORES (PERSONAL SERVICES) • 14,482 SF
      13430 Innerarity Pt Rd, Pensacola, FL 32507-8817
      View Details
    • Value Estimation by Request
      3,838 SF

      16786 Perdido Key Dr

      RETAIL STORES (PERSONAL SERVICES) • 3,838 SF
      16786 Perdido Key Dr, Pensacola, FL 32507-9324
      View Details
    • Value Estimation by Request
      3,904 SF

      3530 Barrancas Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,904 SF
      3530 Barrancas Ave, Pensacola, FL 32507-2373
      View Details
    • Value Estimation by Request
      3,015 SF

      16698 Perdido Key Dr

      RETAIL STORES (PERSONAL SERVICES) • 3,015 SF
      16698 Perdido Key Dr, Pensacola, FL 32507-9322
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      18,233 SF

      Pensacola Retail Space For Sale

      Former vape shop ideal for retail or office use.
      3810 Barrancas Ave, Pensacola, FL 32507
      View Details
    • $1,998,000
      1.00 Acre

      West Pensacola Development Land

      Prime commercial land, near Perdido Key.
      12390 Sorrento Rd, Pensacola, FL 32507
      View Details
    • $750,000
      6,000 SF

      Restaurant/Retail Opportunity Near NAS Pensacola

      Remodeled space suitable for restaurant, bar, or supermarket.
      1094 N Navy Blvd, Pensacola, FL 32507
      View Details
    • $260,000
      2,201 SF

      Prime Pensacola Pawn Shop Investment

      Profitable pawn shop, sale or lease. High traffic location.
      789 N Navy Blvd, Pensacola, FL 32507
      View Details
    • $950,000
      9,516 SF

      Prime Pensacola Lounge & Package Store

      Established Business, Turnkey Operation, High Revenue Potential
      4148 Barrancas Ave, Pensacola, FL 32507
      View Details
    • $350,000
      1,760 SF

      Prime Pensacola Retail Space

      New storefront, 1760 sq ft, high visibility
      3706 W Navy Blvd, Pensacola, FL 32507
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      672 SF

      High-Visibility Retail Space Available

      Retail property with storefront, modern upgrades, and ample parking.
      4113 Barrancas Ave, Pensacola, FL 32507
      View Details
    • $275,000
      2,700 SF

      High-Traffic Retail Space Available

      Retail space with high visibility and versatile footprint for rent.
      301 N Navy Blvd, Pensacola, FL 32507
      View Details
    • $12 SF/Yr
      2,200 SF

      Renovated Retail Space on Navy

      2,200 SF retail space with high traffic exposure.
      23 N Navy Blvd, Pensacola, FL 32507
      View Details
    • $18 SF/Yr
      1,200 SF

      Retail/Office Space Next to Chasers

      Retail or office space available next to popular liquor store.
      5104 North St W, Pensacola, FL 32507
      View Details
    • $19 SF/Yr
      1,400 SF

      Retail Space Ready For Occupancy

      Retail space available for rent, ready for immediate occupancy.
      10411 Sorrento Rd, Pensacola, FL 32507
      View Details
    • $14 SF/Yr
      1,300 SF

      Renovated Suite at Navy Park

      Renovated 1,300 SF suite ideal for office or retail.
      3960 W Navy Blvd, Pensacola, FL 32507
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3420 Barrancas Ave
    Pensacola, FL 32507-2355
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.