Technical
Financial
Distress signals
Property profile

4357 5Th Ave Pace, FL 32571

FOR LEASE
Retail space
Property ID
US18-5368349
14,712 SF 1.45 ac lot Built 2006
Entity Owned 6-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a 1,275-square-foot first-floor retail suite located in Pace, Alabama, within a 12,000-square-foot, multi-tenant commercial center. The interior is arranged as an open-concept space and is configured for retail use, with features that previously supported a hair salon and boutique, including two wash stations, a changing area, dedicated work stations, and a prominent retail sales area. Large storefront windows provide natural light. The suite is positioned along Highway 90 in a high-traffic area with exposure to approximately 35,000 vehicles per day, within a retail-focused corridor that includes major retailers such as Walmart, Target, Lowe's, and Home Depot and other national and regional brands in the surrounding area.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2006
Construction STEEL FRAME
Total area 14,712 SF
Lot 1.45 ac (62,988 SF)
Zoning code HCD
APN 23-1N-29-1240-05400-0010
UPID US18-5368349

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
  • Trucking Company
  • Atm
  • Hair Salon Nail Salon

Location

4357 5Th Ave Pace, FL 32571
Pace metro Census 10705 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
$741k
Blend (final) Blend
$695k

Owner & transaction history

since 2019
7 recorded transactions
2019
$1.0M
2014
$477,100
2010
$285,000
2005
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

HCD · Pace, 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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