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    FOR LEASE
    Community centers

    5007 N Davis Hwy, Pensacola, FL 32503

    50,685 SF 11.95 ac lot Built 1990
    Individually Owned 7-yr Hold ~ Est. High Equity
    Property ID
    US18-0476569
    Property summary
    AI-generated overview

    Invest in this exceptional 116,118-square-foot neighborhood shopping center, strategically located in Pensacola, Florida. Forest Oaks Plaza boasts a prime position at the intersection of high-traffic Davis Highway and Brent Lane, enjoying an impressive 65,100 AADT. Its convenient access to Interstate 110 (87,000 AADT) further enhances its visibility and accessibility. Situated west of Cordova Mall and numerous other retail businesses, this property benefits from the highest traffic counts in Pensacola and proximity to medical facilities generating substantial daytime traffic. The single-story, 1990-built building sits on a 12.93-acre lot (12,927 sq ft) and is zoned COM. Currently, there are 6,590 square feet of vacant space available, divisible into units as small as 1,500 square feet, with a maximum contiguous space of 2,990 square feet. The strong tenant mix includes well-known businesses such as Sky Zone, Subway, and Regymen Fitness, ensuring a vibrant and successful shopping environment. This high-visibility location offers excellent frontage on Davis Highway and unparalleled accessibility from Interstate 110, making it an ideal investment opportunity. The property consists of one building with multiple tenants.

    Property profile
    Verified
    Property type Community centers
    Use group MINI-MALL
    Year built 1990
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 50,685 SF
    Lot 11.95 ac (520,542 SF)
    Zoning code COM
    APN 48-1S-30-3126-000-000
    UPID US18-0476569
    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
    • Home Outlet Building Supply Hardware & Home Improvement
    • MEREFA, LLC Eastern Europe Grocery Store Grocery & Convenience Store Food Market
    • Dr. John Ehrmann Pediatrician Physician
    • Elegant Nail Spa Nail Salon
    • Street Oriented Brazilian Jiu-jitsu Training Center Sports School
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $11.85M
    Blend (final) Blend
    $11.85M
    Owner & transaction history
    Fo Propllc · 7 yrs held
    Fo Propllc
    since 2018
    7 recorded transactions
    2018
    $8.8M
    2018
    2015
    $4.9M
    2010
    2006
    $9.5M
    2001
    $6.4M
    1969
    Zoning & alternative use
    COM · Pensacola, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $15.8M +102.7%
    Commercial (general) $9.2M +17.9%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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