Property profile

407 Pace Blvd Pensacola, FL 32502

OFF-MARKET
Other industrial properties
Property ID
US18-0788776
1,600 SF 23.25 ac lot Built 1939
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

The property consists of approximately 40+ acres of industrial land in Pensacola, Florida, zoned M-2 (heavy industrial designation). A wetlands assessment indicates approximately 5 acres of wetlands, leaving roughly 36+ acres potentially available for industrial development. The site includes the potential for refurbishing a rail spur on the eastern side. Vehicular access is available from Myrick Street on the western end. Chemical plants operated by Armstrong and Kraton border the property to the south. Seller-provided reports were available under an NDA in connection with the listing.

Property profile

Verified
Property type Other industrial properties
Use group HEAVY INDUSTRIAL
Year built 1939
Construction TYPE NOT SPECIFIED
Total area 1,600 SF
Lot 23.25 ac (1,012,770 SF)
Zoning code M-2
APN 00-0S-00-9090-003-004
UPID US18-0788776

Cap rate & NOI

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

Location

407 Pace Blvd Pensacola, FL 32502-5009
Pensacola metro Census 300 PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$625k

Owner & transaction history

since 2026
3 recorded transactions
2026
$25,000
2022
Price N/A
2017
Price N/A

Zoning & alternative use

M-2 · Pensacola, FL
Zoning description

$1f

General category INDUSTRIAL

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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