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    Property profile & analytics

    410 Washington St Cantonment, FL 32533

    • Flex space
    • 23,445 SF
    • 1.80 lot acres
    For Lease
    View listing
    $6 SF/Yr
    Last Sale
    Sep 25, 2020
    $2,375,000
    Value Estimations
    $2,385,000
    Cap Rate Potential
    4.8%
    Flex space
    Location Intelligence
    Property ID
    US18-4905415
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Trailer Parts Plus of Florida / Trailer Supply Store / Trailer Dealer

    Property Details for 410 Washington St

    Year built
    1963
    Construction
    METAL FRAME
    Lot size
    1.80 lot acres
    Property size
    23,445 SF
    Zone code
    IND
    Property type
    Flex space
    APN
    16-1N-31-1000-019-005
    APU
    161N311000019005

    Description

    This exceptional Class A industrial warehouse, totaling 16,418 square feet, presents a unique leasing opportunity in Escambia County's Cantonment submarket. Situated on a 2.75-acre shared parcel (1.79 acres assigned to this property), this single-tenant property boasts a desirable location near the International Paper Mill, offering convenient access to major transportation routes. The warehouse features a functional layout including 5 dock-high doors and 2 ground-level doors, ensuring efficient loading and unloading. A 750-square-foot office space provides ample administrative area. The building's 14-foot eave height maximizes storage capacity. Previously used as a consumer product manufacturing facility, this property benefits from its proximity to a rail spur, providing additional logistical advantages. Currently occupied, the property requires a 60-day notice to vacate, allowing for a smooth transition for the new tenant. The property is zoned IND and its APN is 161N311000019005. This is an excellent opportunity for businesses seeking a well-maintained, strategically located industrial space in a thriving area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,755,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,205,000
      6.5%
      $2,035,000
      7%
      $1,890,000

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,990,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $3,540,000
      Change: +78% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $3,290,000
      Change: +66% Conversion: Easy
      OFFICE BUILDING
      $3,150,000
      Change: +58% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $3,120,000
      Change: +57% Conversion: Difficult
      RETAIL STORES
      $2,930,000
      Change: +47% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cantonment
    County
    Escambia
    State
    Florida
    Longitude
    -87.331
    Latitude
    30.6066
    CBSA code
    37860
    CBSA name
    PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,988
    $0.00
    $0.00
    $444,130
    -
    $22,500
    $421,630
    $444,130

    Comparable in this City

    • Value Estimation
      $1,185,000
      18,765 SF

      1520 Power Blvd

      LIGHT INDUSTRIAL • 18,765 SF
      1520 Power Blvd, Cantonment, FL 32533-5102
      View Details
    • Value Estimation
      $1,065,000
      7,635 SF

      351 Becks Lk Rd

      LIGHT INDUSTRIAL • 7,635 SF
      351 Becks Lk Rd, Cantonment, FL 32533-8204
      View Details
    • Value Estimation by Request
      4,920 SF

      2997 Jct Dr

      LIGHT INDUSTRIAL • 4,920 SF
      2997 Jct Dr, Cantonment, FL 32533-4837
      View Details
    • Value Estimation
      $580,000
      6,940 SF

      3060 Hwy 95a

      LIGHT INDUSTRIAL • 6,940 SF
      3060 Hwy 95a, Cantonment, FL 32533-5800
      View Details
    • Value Estimation
      $1,245,000
      18,546 SF

      300 Hwy 95a

      LIGHT INDUSTRIAL • 18,546 SF
      300 Hwy 95a, Cantonment, FL 32533-8623
      View Details
    • Value Estimation by Request
      3,462 SF

      1350 Kingsfield Rd

      LIGHT INDUSTRIAL • 3,462 SF
      1350 Kingsfield Rd, Cantonment, FL 32533-8672
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $9 SF/Yr
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    • $6 SF/Yr
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      Cantonment Warehouse - 16,418 SF

      Large warehouse, ideal for manufacturing. Excellent location, rail access.
      410 Washington St, Cantonment, FL 32533
      View Details
    • $35,166
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    • $6 SF/Yr
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      Cantonment Warehouse with Rail Access

      16,418 SF warehouse with office space and rail access.
      410 Washington St, Cantonment, FL 32533
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    • $35,166
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      Cantonment, FL Industrial Space For Lease

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      View Details
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    410 Washington St
    Cantonment, FL 32533
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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