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Property profile & analytics
OFF-MARKET Estimated value $875,000
Flex space

3885 Palafox St Pensacola, FL 32505-5238

14,941 SF 0.79 ac lot Built 1986
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US18-4777375
Property summary
AI-generated overview

This exceptional 10,168-square-foot warehouse, situated on a 1.07-acre corner lot at 3885 N. Palafox St. in Pensacola, Florida, presents a compelling investment opportunity. The property, built in 1988 and extensively renovated in 2023, boasts a Class B designation and is currently vacant. The single-story building features approximately 4,140 square feet of office space and 6,028 square feet of warehouse space. Ceiling heights vary, with 16 feet in the southern half and 10 feet in the northern half. The property benefits from a fenced yard and a highly desirable location, situated between Fairfield and Pace Boulevards on Palafox Street (Highway 29). The sale includes two parcels, identified by APN numbers 05-2S-30-1001-004-023 and 08-2S-30-4004-000-001. The property is zoned HC-LI. The asking price is $985,000, translating to $96.87 per square foot. While previously leased, the property is now available for immediate occupancy. This prime location offers excellent accessibility and visibility, making it ideal for a variety of industrial uses. The property's recent renovation ensures modern functionality and efficiency.

Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1986
Construction TYPE NOT SPECIFIED
Total area 14,941 SF
Lot 0.79 ac (34,412 SF)
Zoning code HC/LI
APN 05-2S-30-1001-004-023
UPID US18-4777375
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
  • Landmark Paving General Contractor Construction Company
  • Roof X Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.16M
Blend (final) Blend
$875k
Owner & transaction history
Prx Holdings LLC · 4 yrs held
Prx Holdings LLC
since 2021
Last sale
$580,000
4 recorded transactions
2024
Price N/A
2021
$580,000
2021
$493,000
2012
Price N/A
Zoning & alternative use
HC/LI · Pensacola, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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