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    5022 W Fairfield Dr Pensacola, FL 32506
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    Property profile & analytics

    5022 W Fairfield Dr Pensacola, FL 32506

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    • Community centers
    • 6,975 SF
    • 0.82 lot acres
    For Lease
    $16 SF/Yr
    View Listing →
    Flexible Retail/Office Space Available For Lease
    $16 SF/Yr
    1,100 SF

    Flexible Retail/Office Space Available

    Suites with private offices, open workspaces, restrooms, and rear access.

    5022 W Fairfield Dr, Pensacola, FL
    View Listing
    Property ID
    US18-4672731
    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.
    Value Estimations
    $725,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Acceptance Insurance / Insurance Agency
    • Kratom and Company / (Bike/Boat/Book/etc) Store / Pharmacy
    • Permanent Paint Tattoo and Fine Art Studios of Pensacola / Tattoo & Piercing Shop
    • Susie's Pet Styling / Pet Grooming Service

    Property Details for 5022 W Fairfield Dr

    Year built
    2004
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.82 lot acres
    Property size
    6,975 SF
    Zone code
    HDMU
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    14-2S-30-7000-002-014
    APU
    142S307000002014

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $765,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $782,000
      Market price range: $491k - $1.63M
      AI Estimate
      $782,000
      Market price range: $491k - $1.63M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,075,000
      Current use
      AUTO REPAIR, GARAGE
      $980,000
      Change: -9% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $955,000
      Change: -11% Conversion: Easy
      OFFICE BUILDING
      $950,000
      Change: -12% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.2865
    Latitude
    30.4319
    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
    $6,808
    $0.00
    $0.00
    $486,318
    -
    $46,740
    $440,088
    $486,828

    Comparable in this City

    • 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
      $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
      $1,400,000
      12,077 SF

      9409 Hwy 98

      MINI-MALL • 12,077 SF
      9409 Hwy 98, Pensacola, FL 32506-6133
      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

      Community Shopping Center For Sale

      Community shopping center with high visibility and great access.
      8187 W Fairfield Dr, Pensacola, FL 32506
      View Details
    • Contact for pricing

      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
    • $975,000
      13,612 SF

      Retail Space in Pensacola, FL

      Retail space available for lease in Pensacola, Florida.
      4828-4830 W Jackson St, Pensacola, FL 32506
      View Details
    • Contact for pricing
      2,600 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
    • $745,000
      22,419 SF

      Pensacola Liquor Store Business

      Established Liquor Store, High Growth Potential
      8187 W Fairfield Drive, Pensacola, FL 32506
      View Details
    • $310,000
      3,340 SF

      Pensacola Restaurant & Duplex

      Turnkey Restaurant, Duplex Income, High Potential.
      7700 W Fairfield Dr, Pensacola, FL 32506
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      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
    • Contact for pricing

      Retail Space on Lillian Highway

      High-traffic retail space with outparcel and multi-tenant potential.
      4324 Lillian Hwy, Pensacola, FL 32506
      View Details
    • Contact for pricing

      Retail and Office Center

      Retail and office spaces in a high-traffic commercial area.
      4469 Mobile Hwy, 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
    • Contact for pricing

      Community Shopping Center For Rent

      Community shopping center with high visibility and great access.
      3737 W Fairfield Dr, Pensacola, FL 32506
      View Details
    • $14 SF/Yr

      Retail Suites on Fairfield Drive

      Retail suites available in Pensacola with high traffic exposure.
      6100 W Fairfield Dr, Pensacola, FL 32506
      View Details

    Property Visit Statistics

    • Visits by month
      1.6k
    • Visitors by month
      992
    • Avg Time on site
      29 min
    View Listing
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    Pensacola, FL 32506
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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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