Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,755,000
Office buildings
5528 Davis Hwy Pensacola, FL 32503-2078
Entity Owned
8-yr Hold
Free & Clear
Property ID
US18-4024241
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2019
Construction
TYPE NOT SPECIFIED
Total area
9,800 SF
Lot
3.01 ac (131,116 SF)
Zoning code
COM
APN
48-1S-30-7222-000-000
UPID
US18-4024241
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
-
Ullman Eye Consultants Ophthalmologist
-
Dr. Michael Ullman Ophthalmologist
-
Saul Ullman Ophthalmologist
-
Jeffrey Tapley Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.75M
Blend (final)
Blend
$1.76M
Owner & transaction history
Sun Manor LLC · 8 yrs held
Sun Manor LLC
since 2018
2 recorded transactions
Zoning & alternative use
COM · Pensacola, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.8M
+43.4%
Neighborhood: shopping center
$1.5M
+21.6%
Auto repair, garage
$1.4M
+10.9%
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
OFFICE BUILDING
$1,245,000
Current use
COMMERCIAL (GENERAL)
$1,780,000
Change: +43% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,510,000
Change: +22% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,380,000
Change: +11% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,165,000
Change: -6% · Conversion: Difficult
RETAIL STORES
$1,155,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$1.76M
Range $1.58M – $1.93M · ±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
$179 / 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
$26,027
Tax year 2023
Assessed value
$1,923,354
Assessed 2023
Previous assessed
$1,814,906
+6.0% YoY
Effective rate
1.35%
On assessed value
Land market value
$466,550
Improvement market value
$1,456,804
Total market value
$1,923,354
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2019
Construction
TYPE NOT SPECIFIED
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
11
Total area
9,800 SF
Lot
3.01 ac (131,116 SF)
Zoning code
COM
APN
48-1S-30-7222-000-000
UPID
US18-4024241
Jurisdiction
ESCAMBIA
Zoning & alternative use
COM · Pensacola, FLZoning COM · permitted uses
COM · Pensacola, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
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
2019
Construction
TYPE NOT SPECIFIED
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
11
Lot
3.01 ac
Current owner
From public records · entity-resolved
Sun Manor LLC
Entity
Free & Clear · 8 yrs held
Mailing address
302 PLANTATION HL RD, GULF BREEZE, FL 32561-4818
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2018
$570,000
Sun Manor LLC
Papadelias Glenna M Trust
Warranty Deed
—
Jan 21, 2009
—
Glenna M Living Papadelias
Papadelias,glenna M
Quit Claim Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5528 Davis Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
