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Property profile & analytics
OFF-MARKET
Estimated value
$980,000
Office buildings
4850 9th Ave Pensacola, FL 32503-2407
Individually Owned
23-yr Hold
Free & Clear
Property ID
US18-5112529
Property summary
AI-generated overview
This 3,586 square foot medical office building, located at 4850 N 9th Ave, Pensacola, FL 32503 (APN 481S308305000001), is offered for sale at $799,000. Built in 1979 and completely renovated in 2023, this two-story building sits on a 0.367-acre lot and offers five spacious, private offices ideal for a variety of medical or professional uses. The flexible layout ensures efficient workflow, and the second floor provides ample storage or additional office space. The property boasts excellent visibility on a high-traffic section of 9th Avenue and includes over 20 parking spaces. Its convenient location and proximity to local amenities make this a highly desirable opportunity for businesses seeking a well-situated, adaptable space in the heart of Pensacola. The building is currently vacant, presenting a unique chance to customize the space to meet specific needs. This property offers a blend of modern updates and a prime Pensacola location.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,817 SF
Lot
1.1 ac (48,096 SF)
Zoning code
R-2
APN
48-1S-30-8305-000-002
UPID
US18-5112529
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
-
Rachael Mcgehee Dental Office
-
Upperline Foot and Ankle: Pensacola Physician
-
Mark Sabol Greskovich Dental Office
-
Brett Thomas Laggan Dental Office
-
9th Avenue Dental Care Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$980k
Owner & transaction history
Kevin S Dean · 23 yrs held
Kevin S Dean
since 2002
Last sale
$899,000
1 recorded transaction
Zoning & alternative use
R-2 · Pensacola, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.5M
+21.6%
Auto repair, garage
$1.4M
+10.9%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,245,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,515,000
Change: +22% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,380,000
Change: +11% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,165,000
Change: -6% · Conversion: Difficult
RETAIL STORES
$1,155,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$980k
Range $882k – $1.08M · ±10% · vs last sale $899k (Nov 26 2025)
Last sale anchor
$899k
Nov 26 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$100 / SF
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
$16,912
Tax year 2023
Assessed value
$960,034
Assessed 2023
Previous assessed
$901,000
+6.6% YoY
Effective rate
1.76%
On assessed value
Land market value
$114,228
Improvement market value
$845,806
Total market value
$960,034
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
6
Total area
9,817 SF
Lot
1.1 ac (48,096 SF)
Zoning code
R-2
APN
48-1S-30-8305-000-002
UPID
US18-5112529
Jurisdiction
ESCAMBIA
Zoning & alternative use
R-2 · Pensacola, FL
Zoning R-2 · permitted uses
R-2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
6
Lot
1.1 ac
Current owner
From public records · entity-resolved
Kevin S Dean
Individual
Free & Clear · 23 yrs held
Mailing address
4850 N 9TH AVE STE #4, PENSACOLA, FL 32503-2406
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2002
$575,000
Kevin S Dean
Greskovich,frank J
Grant Deed
—
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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