Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Retail space
3613 Palafox St Pensacola, FL 32505-5234
Entity Owned
~
Est. High Equity
Property ID
US18-4419997
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1994
Construction
TYPE NOT SPECIFIED
Total area
8,498 SF
Lot
1.15 ac (50,055 SF)
Zoning code
HC/LI
APN
05-2S-30-1001-004-026
UPID
US18-4419997
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
-
Martelli Sewing and Quilting Storefront Department Store
-
Martelli Educational Center (Bike/Boat/Book/etc) Store
-
Martelli Enterprises, Inc. (Bike/Boat/Book/etc) Store
-
Martelli Shop (Bike/Boat/Book/etc) Store Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$878k
Blend (final)
Blend
$895k
Owner & transaction history
N Palafox Street LLC
N Palafox Street LLC
since 2025
Last sale
$910,000
7 recorded transactions
Zoning & alternative use
HC/LI · Pensacola, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.3M
+80.9%
Office building
$1.2M
+59.6%
Auto repair, garage
$1.1M
+48.5%
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
RETAIL STORES
$725,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,310,000
Change: +81% · Conversion: Moderate
OFFICE BUILDING
$1,155,000
Change: +60% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,075,000
Change: +49% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,010,000
Change: +39% · Conversion: Difficult
COMMERCIAL (GENERAL)
$585,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$895k
Range $806k – $985k · ±10% · vs last sale $910k (May 19 2025)
Last sale anchor
$910k
May 19 2025
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
$105 / 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
$7,169
Tax year 2023
Assessed value
$510,645
Assessed 2023
Previous assessed
$495,665
+3.0% YoY
Effective rate
1.40%
On assessed value
Land market value
$74,182
Improvement market value
$436,463
Total market value
$510,645
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1994
Construction
TYPE NOT SPECIFIED
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
8,498 SF
Lot
1.15 ac (50,055 SF)
Zoning code
HC/LI
APN
05-2S-30-1001-004-026
UPID
US18-4419997
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
RETAIL STORES Current
Est. value
$725,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$585,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
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
1994
Construction
TYPE NOT SPECIFIED
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
2
Lot
1.15 ac
Current owner
From public records · entity-resolved
N Palafox Street LLC
Entity
Mailing address
5450 NW ST, PENSACOLA, FL 32505-2461
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2025
$910,000
N Palafox Street LLC
Exor Holdings LLC
Warranty Deed
$845,000 · Centennial Bank
Aug 19, 2025
$830,000
Exor Holdings LLC
Martelli Enterprises INC
Warranty Deed
—
Feb 3, 2021
$647,000
Martelli Enterprises INC
Tasia Brooke LLC
Warranty Deed
$517,000 · Bbva USA
Dec 26, 2018
$385,400
Tasia Brooke LLC
Quality Alarm Systems INC
Warranty Deed
—
Aug 23, 2018
—
Quality Alarm Systems INC
—
Deed
related
$524,000 · First A Nat'l Bkng Assn
Jun 21, 2010
—
Quality Alarm Systems INC
—
Trustees Deed
related
$245,572 · Compass Bank
—
—
Quality Alarm Systems INC
—
Deed Of Trust
related
$273,085 · Gulf Coast Community Bank
—
—
Quality Alarm Systems INC
—
Loan Modification
related
$524,000 · First A Nat'l Bkng Assn
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3613 Palafox St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
