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Property profile & analytics
OFF-MARKET
Bars & Pubs
406 Wright St Pensacola, FL 32501-4920
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US19-0008868
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,777 SF
Lot
0.09 ac (3,749 SF)
Zoning code
OEHC-3
APN
00-0S-00-9020-010-019
UPID
US19-0008868
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
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bobby Lucille Stephens · 4 yrs held
Bobby Lucille Stephens
since 2021
Last sale
$193,800
7 recorded transactions
Zoning & alternative use
OEHC-3 · Pensacola, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,218
Tax year 2023
Assessed value
$126,139
Assessed 2023
Previous assessed
$126,139
+0.0% YoY
Effective rate
1.76%
On assessed value
Land market value
$51,496
Improvement market value
$74,643
Total market value
$126,139
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
2,777 SF
Lot
0.09 ac (3,749 SF)
Zoning code
OEHC-3
APN
00-0S-00-9020-010-019
UPID
US19-0008868
Jurisdiction
ESCAMBIA
Zoning & alternative use
OEHC-3 · Pensacola, FL
Zoning OEHC-3 · permitted uses
OEHC-3 · 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.
Building & site characteristics
From public records
Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.09 ac
Current owner
From public records · entity-resolved
Bobby Lucille Stephens
Individual
Mailing address
524 E ZARAGOZA ST, PENSACOLA, FL 32502-6155
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2021
$56,900
Bobby Lucille Stephens
Emerson Holdings INC
Quit Claim Deed
related
—
Jun 28, 2018
$10,000
Emerson Holdings INC
Sheriff Of Escambia County|chisholm,johnny
Trustees Deed
related
—
Nov 12, 2010
—
Stephens Bobby L Trust
Chisholm,john L JR
Grant Deed
related
—
Jun 17, 2010
—
Bobby L Stephens
Stephens,bobby L
Quit Claim Deed
related
—
Jul 11, 2008
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Jul 30, 2007
$193,800
Stephens Bobby L Trust
Chisholm,john L JR
Warranty Deed
—
Jul 30, 2007
—
John L Chisholm
—
Trustees Deed
related
$500,000 · Stephens Bobby L Trust (tr)
Jan 3, 2000
$375,000
John L Chisholm
Commercial Asset Mgmt Missi
Grant Deed
$440,000 · G & L Bank
Dec 11, 1997
$180,000
Commercial Asset Management
Gilmore,shannon M
Grant Deed
related
$33,854 · Regions Bank
—
—
John L Chisholm
—
Deed Of Trust
related
$100,000 · G & L Bank
—
—
John L Chisholm JR.
—
Deed Of Trust
related
$100,000 · Lilian Land Co LLC
—
—
John L Chisholm JR.
—
Deed Of Trust
related
$275,400 · Us Small Business Admn
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.
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