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Property profile & analytics
OFF-MARKET
Estimated value
$1,480,000
Outlet malls
5001 Commerce Park Cir, Pensacola, FL 32505-1659
Entity Owned
7-yr Hold
Free & Clear
Property ID
US18-5292927
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,066 SF
Lot
3.88 ac (169,013 SF)
Zoning code
HC/LI
APN
39-1S-30-0200-003-001
UPID
US18-5292927
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
-
VMI, A Varex Imaging Company Factory Industrial Manufacturer
-
SunScape Solar Solar Energy Company
-
Avalon Builders Inc Construction Company General Contractor
-
Props By Idm Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$1.48M
Owner & transaction history
Armstrong Electric Co INC · 7 yrs held
Armstrong Electric Co INC
since 2019
7 recorded transactions
Zoning & alternative use
HC/LI · Pensacola, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.3M
+59.6%
Auto repair, garage
$2.2M
+48.5%
Industrial (general)
$2.0M
+39.2%
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
RETAIL STORES
$1,455,000
Current use
OFFICE BUILDING
$2,320,000
Change: +60% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,160,000
Change: +49% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,025,000
Change: +39% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,170,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$1.48M
Range $1.33M – $1.63M · ±10%
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
$87 / 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
$12,247
Tax year 2023
Assessed value
$861,820
Assessed 2023
Previous assessed
$789,665
+9.1% YoY
Effective rate
1.42%
On assessed value
Land market value
$129,010
Improvement market value
$786,108
Total market value
$915,118
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
3
Total area
17,066 SF
Lot
3.88 ac (169,013 SF)
Zoning code
HC/LI
APN
39-1S-30-0200-003-001
UPID
US18-5292927
Jurisdiction
ESCAMBIA
Zoning & alternative use
HC/LI · Pensacola, FL
Zoning HC/LI · permitted uses
HC/LI · 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
RETAIL STORES Current
Est. value
$1.5M
OFFICE BUILDING
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.2M
INDUSTRIAL (GENERAL)
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.2M
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
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
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
3
Lot
3.88 ac
Current owner
From public records · entity-resolved
Armstrong Electric Co INC
Entity
Free & Clear · 7 yrs held
Mailing address
175 E OLIVE RD, PENSACOLA, FL 32514-4586
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2019
$930,000
Armstrong Electric Co INC
Southern Properties Of Nwf INC
Warranty Deed
—
Nov 15, 2017
—
Southern Properties Of Nwf INC
—
Deed
related
$500,000 · Courtney A Pereira
Dec 29, 2016
—
Southern Properties Of Nwf INC
C & C Properties Of Nwf INC
Quit Claim Deed
related
—
Jul 1, 2016
$500,000
C & C Properties Of Nwf INC
Canis Real Estate Holdings LLC
Warranty Deed
—
Feb 5, 2014
$475,000
Canis Real Estate Holdings LLC
Barnes,joey L & Joanne
Warranty Deed
—
Nov 21, 2005
—
Joey L Barnes
Barnes Joey L & J K Trust
Quit Claim Deed
related
$330,000 · Amsouth Bank
—
—
Southern Properties Of Nwf INC
—
Deed Of Trust
related
$500,000 · Courtney A Pereira
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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