Property profile

6121 N Davis Hwy Pensacola, FL 32504

FOR LEASE
Community centers
Property ID
US18-1038141
42,345 SF 12.26 ac lot Built 1986
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Pensacola Square, located at 6121 N Davis Hwy, Pensacola, FL 32504, offers a prime retail opportunity in a high-traffic location. This single-story, 135,072 square foot retail center, built in 1986 and renovated in 2005, boasts 465 parking spaces. Currently, there are 7 available spaces ranging from 1,200 to 40,586 square feet, with a total of 10,337 square feet currently vacant. The largest contiguous space available is 3,300 square feet. The center benefits from a strong tenant mix including national co-tenants such as Big Lots, Bealls Outlet, Hobby Lobby, Books-A-Million, Rainbow, Petland, and American Freight, ensuring high visibility and foot traffic. Situated on a major retail thoroughfare, North Davis Highway, the property enjoys exceptional daily traffic counts of 37,000 cars. This presents a unique opportunity for businesses seeking high visibility and access to a substantial customer base in a well-established retail center. The property's size and configuration offer flexibility for a variety of retail uses.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 1986
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 42,345 SF
Lot 12.26 ac (534,046 SF)
Zoning code C-1
APN 34-1S-30-3101-000-000
UPID US18-1038141

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

6121 N Davis Hwy Pensacola, FL 32504
Pensacola metro Census 1202 PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$7.79M
Comparable Approach Comparable
$9.90M
Blend (final) Blend
$11.69M

Owner & transaction history

since 2022
Last sale
$13.3M
2 recorded transactions
2022
$13.3M
2018
$9.1M

Zoning & alternative use

C-1 · Pensacola, FL
Zoning description

The commercial land use district is established for the purpose of providing areas of commercial development ranging from compact shopping areas to limited industrial/high intensity commercial uses. Conventional resident…

General category MIXED_USE
Top alternative use upside
Restaurant $13.2M +102.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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