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    FOR LEASE
    Community centers

    3960 W Navy Blvd, Pensacola, FL 32507

    9,920 SF 5.14 ac lot Built 1984
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US18-4697630
    Property summary
    AI-generated overview

    Invest in Navy Park Plaza, a thriving 61,240-square-foot mixed-use center in Pensacola's rapidly growing West side. This fully developed, single-story property boasts a diverse tenant mix of established local and national businesses, ensuring strong occupancy and rental income. Located on Navy Boulevard and Chiefs Way, the property benefits from high visibility and traffic counts exceeding 23,500 cars per day (2023 data). Recent, extensive renovations (2023) include interior and exterior updates, fresh paint, a resurfaced parking lot, and updated landscaping, creating a modern and attractive environment for tenants and customers. The 5.13-acre site features 200 parking spaces, six drive-ins, and 782 feet of frontage, providing ample access and convenience. Available spaces include turn-key offices, white-boxed inline units, and expansive open-concept suites, catering to a variety of business needs. The property's zoning (COM) allows for flexibility and future expansion opportunities. The 17-foot ceiling height in the warehouse space adds to its versatility. This professionally managed property offers a compelling investment opportunity in a high-growth area with established commercial infrastructure and a strong tenant base. The property's location on a major travel corridor to the downtown business and retail core ensures continued high traffic and visibility. Updated pylon and building signage enhances the property's presence and appeal. The property's APN is 382S301000010006. Currently, 10,110 square feet of space is vacant.

    Property profile
    Verified
    Property type Community centers
    Use group MINI-MALL
    Year built 1984
    Construction TYPE NOT SPECIFIED
    Total area 9,920 SF
    Lot 5.14 ac (223,898 SF)
    Zoning code COM
    APN 38-2S-30-1000-010-006
    UPID US18-4697630
    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
    • Techflix Solutions (Bike/Boat/Book/etc) Store Corporate Office
    • Armed Forces Automotive Auto Repair Shop Vehicle Inspection Center
    • Salt Life Fitness Gym & Fitness Center
    • Insight Pest Solutions Garden Center
    • Vaping the coast llc (Bike/Boat/Book/etc) Store Alternative Medicine Practice
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $1.83M
    Comparable Approach Comparable
    $2.32M
    Blend (final) Blend
    $2.79M
    Owner & transaction history
    Sep 3960 West Navy LLC · 3 yrs held
    Sep 3960 West Navy LLC
    since 2023
    Last sale
    $3.6M
    3 recorded transactions
    2025
    2023
    $3.6M
    1998
    $425,000
    Zoning & alternative use
    COM · Pensacola, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $3.1M +102.7%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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