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Property profile & analytics
OFF-MARKET
Estimated value
$980,000
Turn key restaurants
501 9th Ave Pensacola, FL 32501-4938
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US18-9761852
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,464 SF
Lot
0.43 ac (18,800 SF)
Zoning code
OEHC-2
APN
00-0S-00-9025-010-060
UPID
US18-9761852
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
-
The Men's Shop at Duh Clothing & Fashion Store
-
Duh for Garden & Home Interior Design Home Decor Store
-
Troubadour Dining Restaurant
-
Jo’s...as always Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$982k
Blend (final)
Blend
$980k
Owner & transaction history
Rigsbee & Co INC · 18 yrs held
Rigsbee & Co INC
since 2008
7 recorded transactions
Zoning & alternative use
OEHC-2 · Pensacola, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$980k
Range $882k – $1.08M · ±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
$283 / 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
$8,472
Tax year 2023
Assessed value
$475,584
Assessed 2023
Previous assessed
$466,667
+1.9% YoY
Effective rate
1.78%
On assessed value
Land market value
$244,400
Improvement market value
$231,184
Total market value
$475,584
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Bathrooms
2
Total area
3,464 SF
Lot
0.43 ac (18,800 SF)
Zoning code
OEHC-2
APN
00-0S-00-9025-010-060
UPID
US18-9761852
Jurisdiction
ESCAMBIA
Zoning & alternative use
OEHC-2 · Pensacola, FL
Zoning OEHC-2 · permitted uses
OEHC-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.
Building & site characteristics
From public records
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Bathrooms
2
Lot
0.43 ac
Current owner
From public records · entity-resolved
Rigsbee & Co INC
Entity
Mailing address
501 N 9TH AVE, PENSACOLA, FL 32501-4938
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
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
Oct 2, 2012
—
Rigsbee & Co INC
—
Deed Of Trust
related
$1,870,000 · Hancock Bank
Jul 10, 2008
$444,900
Rigsbee & Co INC
Rigsbee,james R
Grant Deed
—
Feb 2, 2001
—
James E Rigsbee
—
Grant Deed
related
$253,000 · G & L Bank
Nov 6, 2000
$200,000
James E Rigsbee
Little,gary W
Grant Deed
$150,000 · G & L Internet Bank
May 1, 1995
—
Frank Eggleton
—
Grant Deed
related
—
—
—
James E Rigsbee
—
Deed Of Trust
related
$400,000 · Bank Of Pensacola
—
—
James E Rigsbee
—
Deed Of Trust
related
$100,000 · Bank Of Pensacola
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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