Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Office buildings
4850 9th Ave Pensacola, FL 32503-2407
Entity Owned
Free & Clear
Property ID
US19-0368110
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1977
Construction
WOOD
Total area
4,788 SF
Lot
1.06 ac (46,247 SF)
Zoning code
R-2
APN
48-1S-30-8305-000-000
UPID
US19-0368110
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
$645k
Blend (final)
Blend
$855k
Owner & transaction history
Spring Creek Investment LLC
Spring Creek Investment LLC
since 2025
Last sale
$899,000
5 recorded transactions
Zoning & alternative use
R-2 · Pensacola, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The residential or office land use district is established for the purpose of providing for a mixture of residential housing types and densities and office uses. Residential and office uses shall be allowed within the same structure. When the R-2 zoning district is located in older, developed areas of the city, the zoning regulations are intended to provide…
Zone name
Residential And Office
General category
COMMERCIAL
Zone area
554.16 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$870,000
+43.4%
Neighborhood: shopping center
$740,000
+21.6%
Auto repair, garage
$675,000
+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
$705,000
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
$605,000
Current use
COMMERCIAL (GENERAL)
$870,000
Change: +43% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$740,000
Change: +22% · Conversion: Difficult
AUTO REPAIR, GARAGE
$675,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$565,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$855k
Range $770k – $941k · ±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
$179 / 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
$10,240
Tax year 2023
Assessed value
$584,529
Assessed 2023
Previous assessed
$550,784
+6.1% YoY
Effective rate
1.75%
On assessed value
Land market value
$109,837
Improvement market value
$474,692
Total market value
$584,529
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
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Bathrooms
3
Total area
4,788 SF
Lot
1.06 ac (46,247 SF)
Zoning code
R-2
APN
48-1S-30-8305-000-000
UPID
US19-0368110
Jurisdiction
ESCAMBIA
Zoning & alternative use
R-2 · Pensacola, FLZoning 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
Zoning description
The residential or office land use district is established for the purpose of providing for a mixture of residential housing types and densities and office uses. Residential and office uses shall be allowed within the same structure. When the R-2 zoning district is located in older, developed areas of the city, the zoning regulations are intended to provide for residential or office infill development at a density, character and scale compatible with the surrounding area. In some cases the R-2 district is also intended as a transition area between commercial and residential uses.
Zone name
Residential And Office
General category
COMMERCIAL
Zone area
554.16 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$605,000
COMMERCIAL (GENERAL)
Est. value
$870,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$740,000
AUTO REPAIR, GARAGE
Est. value
$675,000
RETAIL STORES
Est. value
$565,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Bathrooms
3
Lot
1.06 ac
Current owner
From public records · entity-resolved
Spring Creek Investment LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 768, EFFINGHAM, IL 62401-0768
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2025
$899,000
Spring Creek Investment LLC
Professional Resource Development I
Special Warranty Deed
—
Sep 15, 2022
$800,000
Professional Resource Development I
Cambridge Jsj LLC
Special Warranty Deed
—
Dec 2, 2005
$700,000
Cambridge Jsj LLC
Couch,deck F
Warranty Deed
$672,000 · Deck F Couch
Nov 1, 2005
—
Cambridge Jsj LLC
Owner Name Unavailable
Warranty Deed
related
—
—
—
Cambridge Jsj LLC
—
Deed Of Trust
related
$531,250 · Hancock Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4850 9th Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
