Property profile

4469 Mobile Hwy Pensacola, FL 32506

FOR LEASE
Community centers
Property ID
US18-0312717
27,045 SF 6.27 ac lot Built 1959
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Paradise Square Shopping Center, located at 4469 Mobile Hwy, Pensacola, FL 32506, presents a unique investment opportunity in a high-traffic area. This single-story, 75,799 square foot shopping center boasts a prime location at the intersection of Mobile Highway and W Fairfield Drive, ensuring excellent visibility and accessibility. The property features a total of nine suites, with two currently available, ranging from 2,280 to 7,800 square feet. The minimum divisible space is 7,800 square feet. The center is comprised of a mix of retail and office spaces, suitable for traditional office use or medical office practices. Ample parking is provided with 536 spaces available for tenants and customers. Current tenants include established businesses such as Aaron's Rent to Own, Paradise Liquor, Paradise Bingo, Teen Challenge, and Walgreens, creating a strong and diverse tenant mix. This property offers a compelling opportunity for businesses seeking high visibility and a well-established location in a thriving Pensacola community. The property's strategic location on Mobile Highway ensures high traffic volume and exposure to a large customer base. The existing tenant roster demonstrates the center's appeal and potential for continued success. This is an exceptional opportunity to acquire a well-positioned commercial property in a desirable market.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 1959
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 27,045 SF
Lot 6.27 ac (273,121 SF)
Zoning code COM
APN 34-2S-30-0050-001-005
UPID US18-0312717

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
  • Bingo Hall
  • Atm
  • Physician
  • Medical Laboratory
  • Alternative Medicine Practice

Location

4469 Mobile Hwy Pensacola, FL 32506
Pensacola metro Census 2900 PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$4.98M
Comparable Approach Comparable
$6.32M
Blend (final) Blend
$6.49M

Owner & transaction history

since 2022
Last sale
$7.4M
7 recorded transactions
2022
$7.4M
2017
Price N/A
2017
Price N/A
2008
$165,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

COM · Pensacola, FL
Top alternative use upside
Restaurant $8.5M +102.7%

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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