Property profile

4036 Fairfield Dr Pensacola, FL 32505

OFF-MARKET
Community centers
Property ID
US19-0325575
2,160 SF 0.69 ac lot Built 1962
Individually Owned 18-yr Hold Free & Clear
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Property summary

AI-generated overview

This 9,220 square foot shopping center presents a compelling redevelopment opportunity in Pensacola, Florida. Located on a 0.69-acre lot at 4036 W Fairfield Dr, 32505, this multi-tenant property is situated in a high-traffic area, right off Mobile Highway, near New Warrington Road and W Fairfield Drive. Currently operating at 50% occupancy, the center is zoned COM and offers significant potential for value enhancement. The asking price is $1,000,000, translating to $108.46 per square foot. The property is offered as a Net Lease (NNN) investment, requiring the tenant to cover property taxes, insurance, and maintenance. The existing structure requires roof repair and other improvements, presenting a chance for significant return on investment for a buyer willing to undertake renovations. This is an exceptional opportunity for investors seeking a high-growth potential project in a desirable Pensacola location. The property's strategic placement within one of Pensacola's busiest commercial centers ensures strong visibility and accessibility, making it an ideal candidate for redevelopment and repositioning within the market. This is a rare chance to acquire a substantial retail asset with significant upside potential.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 1962
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,160 SF
Lot 0.69 ac (30,213 SF)
Zoning code COM
APN 15-2S-30-6200-042-010
UPID US19-0325575

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Atm

Location

4036 Fairfield Dr Pensacola, FL 32505-4733
Pensacola metro Census 3002 PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$395k

Owner & transaction history

since 2007
2 recorded transactions
2007
$100,000
2004
$260,000

Zoning & alternative use

COM · Pensacola, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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