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    Property profile & analytics

    3810 Barrancas Ave Pensacola, FL 32507

    • Office buildings
    • 19,082 SF
    • 1.52 lot acres
    For Sale
    View listing
    $13
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0647858
    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

    • Grifols Talecris - Plasma Donation Center / Medical Clinic
    • Sour Ape Smoke and Vape Co. / (Bike/Boat/Book/etc) Store

    Property Details for 3810 Barrancas Ave

    Year built
    1965
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.52 lot acres
    Property size
    19,082 SF
    Zone code
    COM
    Property type
    Office buildings
    APN
    50-2S-30-5000-001-002
    APU
    502S305000001002

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,668,000
      Market price range: $1.62M - $3.74M
      AI Estimate
      $1,668,000
      Market price range: $1.62M - $3.74M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,595,000
      Current use
      AUTO REPAIR, GARAGE
      $2,685,000
      Change: +3% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,660,000
      Change: +3% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $2,265,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.2672
    Latitude
    30.3911
    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
    $19,035
    $0.00
    $0.00
    $1,360,754
    -
    $129,375
    $1,231,379
    $1,360,754

    Comparable in this City

    • Value Estimation by Request
      994 SF

      1207 Wisteria Ave

      PROFESSIONAL BUILDING • 994 SF
      1207 Wisteria Ave, Pensacola, FL 32507-2248
      View Details
    • Value Estimation by Request
      1,281 SF

      1023 Navy Blvd

      OFFICE BUILDING • 1,281 SF
      1023 Navy Blvd, Pensacola, FL 32507-1275
      View Details
    • Value Estimation by Request
      2,720 SF

      3210 Barrancas Ave

      OFFICE BUILDING • 2,720 SF
      3210 Barrancas Ave, Pensacola, FL 32507-3509
      View Details
    • Value Estimation by Request
      1,272 SF

      1249 Old Corry Fld Rd

      OFFICE BUILDING • 1,272 SF
      1249 Old Corry Fld Rd, Pensacola, FL 32507-2197
      View Details
    • Value Estimation
      $820,000
      5,871 SF

      507 Navy Blvd

      OFFICE BUILDING • 5,871 SF
      507 Navy Blvd, Pensacola, FL 32507-2011
      View Details
    • Value Estimation
      $1,675,000
      6,496 SF

      12601 Sorrento Rd

      OFFICE BUILDING • 6,496 SF
      12601 Sorrento Rd, Pensacola, FL 32507-8762
      View Details

    Similar Nearby for Sale

    • $80,000

      Prime Pensacola Commercial Land

      $80K, 11,250 sq ft, High-Traffic Location
      328 Navy Blvd, Pensacola, FL 32507
      View Details
    • $399,000
      1.75 Acres

      Sorrento Road Commercial Land Investment

      Prime 1.75-acre commercial lot in Pensacola, FL
      0 Sorrento Rd, Pensacola, FL 32507
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    • $350,000
      1,760 SF

      Prime Pensacola Retail Space

      New storefront, 1760 sq ft, high visibility
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    • $1,998,000
      1.00 Acre

      West Pensacola Development Land

      Prime commercial land, near Perdido Key.
      12390 Sorrento Rd, Pensacola, FL 32507
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    • Contact for pricing
      1,492 SF

      Freestanding Medical Office Building

      Established medical office building with major road frontage and ample parking.
      627 N New Warrington Rd, Pensacola, FL 32507
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    • $58,000
      0.17 Acres

      Pensacola Land in Leeward Community

      Corner lot in a charming coastal community with architectural plans.
      4972 Leeward Dr, Pensacola, FL 32507
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    Similar Nearby for Lease

    • $1,668 /Mo
      1,000 SF

      Pensacola Office Suite - 1000 SF

      Modern 1000 sq ft office suite in prime Pensacola location.
      12385 Sorrento Rd, Pensacola, FL 32507
      View Details
    • $25 SF/Yr
      3,500 SF

      Pensacola Medical Office Space For Lease

      Prime West Pensacola medical office suite available.
      12601 Sorrento Rd, Pensacola, FL 32507
      View Details
    • $1,500 /Mo
      14,374 SF

      Prime Pensacola Office & Yard Space

      Barrancas Ave. Office, Fenced Yard, Lease Available
      3620 Barrancas Ave, Pensacola, FL 32507
      View Details
    • $14 SF/Yr
      8,220 SF

      Barrancas Ave Commercial Space

      Pensacola Office/Retail Opportunity
      3620 Barrancas Ave, Pensacola, FL 32507
      View Details
    • $750 /Mo
      880 SF

      Pensacola Commercial Space Available

      Versatile 880 SF Commercial Building, NNN Lease
      3842 W Navy Blvd, Pensacola, FL 32507
      View Details
    • $13 SF/Yr
      61,240 SF

      Navy Park Plaza: Prime Pensacola Space

      61,240 SF Mixed-Use Center, Newly Renovated
      3960 Navy Blvd, Pensacola, FL 32507
      View Details
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    Pensacola, FL 32507
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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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