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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    50 Blue Angel Pkwy Pensacola, FL 32506-6045

    • Community centers
    • 16,965 SF
    • 9.10 lot acres
    OFF-MARKET
    Last Sale
    Aug 10, 2021
    $6,150,000
    Value Estimations
    $4,725,000
    Show details
    Cap Rate Potential
    4.1%
    Community centers
    Location Intelligence
    Property ID
    US18-5497110
    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

    • Blue Rhino Propane Exchange / Propane Supplier
    • Primo Water Refill & Exchange / Big Box & Wholesale Store
    • Western Union / Bank / Credit Union
    • Winn-Dixie Pharmacy / Grocery & Convenience Store / Food Market
    • Cardtronics ATM / Atm

    Property Details for 50 Blue Angel Pkwy

    Year built
    1998
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    9.10 lot acres
    Property size
    16,965 SF
    Zone code
    HC/LI
    Property type
    Community centers
    APN
    23-2S-31-1000-000-060
    APU
    232S311000000060

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,985,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,380,000
      6.5%
      $3,120,000
      7%
      $2,900,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,965,000
      Market price range: $1.19M - $3.97M
      AI Estimate
      $3,965,000
      Market price range: $1.19M - $3.97M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $5,305,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.3409
    Latitude
    30.402
    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
    $59,393
    $0.00
    $0.00
    $4,220,550
    -
    $1,458,000
    $2,762,550
    $4,220,550

    Comparable in this City

    • Value Estimation
      $3,085,000
      17,500 SF

      4600 Mobile Hwy

      MINI-MALL • 17,500 SF
      4600 Mobile Hwy, Pensacola, FL 32506-3508
      View Details
    • Value Estimation
      $690,000
      5,720 SF

      8200 Hwy 98

      MINI-MALL • 5,720 SF
      8200 Hwy 98, Pensacola, FL 32506-8933
      View Details
    • Value Estimation
      $685,000
      4,885 SF

      9100 Hwy 98

      MINI-MALL • 4,885 SF
      9100 Hwy 98, Pensacola, FL 32506-6162
      View Details
    • Value Estimation
      $6,465,000
      27,045 SF

      4469 Mobile Hwy

      MINI-MALL • 27,045 SF
      4469 Mobile Hwy, Pensacola, FL 32506-4209
      View Details
    • Value Estimation
      $1,360,000
      19,352 SF

      6508 Jackson St

      MINI-MALL • 19,352 SF
      6508 Jackson St, Pensacola, FL 32506-4554
      View Details
    • Value Estimation by Request
      5,135 SF

      1295 Dog Trak Rd

      MINI-MALL • 5,135 SF
      1295 Dog Trak Rd, Pensacola, FL 32506-7826
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      68,045 SF

      Winn-Dixie Anchored Shopping Center

      High-visibility shopping center anchored by Winn-Dixie with box space available.
      50 S Blue Angel Pkwy, Pensacola, FL 32506
      View Details
    • Contact for pricing
      77,247 SF

      Community Shopping Center For Sale

      Community shopping center with high visibility and great access.
      8187 W Fairfield Dr, Pensacola, FL 32506
      View Details
    • $1,439,000
      20,967 SF

      Pensacola Retail Center with Expansion

      Multi-tenant retail center with expansion potential in established corridor.
      6508-6516 W Jackson St, Pensacola, FL 32506
      View Details
    • $2,000,000
      3,213 SF

      Prime Pensacola Commercial Land

      3+ Acres, High-Traffic Location, Redevelopment Opportunity
      4401 Jackson St, Pensacola, FL 32506
      View Details
    • $2,700,000
      18,750 SF

      Pensacola Retail Showroom For Sale

      Retail showroom with warehouse and fenced yard available for sale.
      4825 Mobile Hwy, Pensacola, FL 32506
      View Details
    • $699,000
      5,160 SF

      Prime Pensacola Grocery Store

      Profitable Asian Market, Fully Renovated
      240 New Warrington Rd, Pensacola, FL 32506
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      75,799 SF

      Paradise Square Shopping Center

      Pensacola, FL Retail & Office Space
      4469 Mobile Hwy, Pensacola, FL 32506
      View Details
    • $12 SF/Yr
      1,968 SF

      Retail Space in Pensacola, FL

      Retail space available for lease in Pensacola, Florida.
      4828-4830 W Jackson St, Pensacola, FL 32506
      View Details
    • $20 SF/Yr
      2,450 SF

      Retail Space in Winn-Dixie Center

      Retail space available in well-located, Winn-Dixie anchored shopping center.
      23-38 S Blue Angel Pkwy, Pensacola, FL 32506
      View Details
    • $7 SF/Yr
      2,000 SF

      Retail Space Available in Pensacola

      Retail space available in established Pensacola shopping center.
      8187 W Fairfield Dr, Pensacola, FL 32506
      View Details
    • $14 SF/Yr
      7,900 SF

      Retail Suites on Fairfield Drive

      Retail suites available in Pensacola with high traffic exposure.
      6100 W Fairfield Dr, Pensacola, FL 32506
      View Details
    • Contact for pricing
      1,200 SF

      Retail Development Near Naval Air

      Retail spaces available in Pensacola near major landmarks.
      9500 Highway 98 W, Pensacola, FL 32506
      View Details

    Property Visit Statistics

    • Visits by month
      2.2k
    • Visitors by month
      1.8k
    • Avg Time on site
      29 min
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    Pensacola, FL 32506-6045
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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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