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    FOR LEASE
    Community centers

    6121 N Davis Hwy, Pensacola, FL 32504

    42,345 SF 12.26 ac lot Built 1986
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US18-1038141
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $7.79M
    Comparable Approach Comparable
    $9.90M
    Blend (final) Blend
    $11.60M
    Owner & transaction history
    Pensacola Corners LLC · 3 yrs held
    Pensacola Corners LLC
    since 2022
    Last sale
    $13.3M
    2 recorded transactions
    2022
    $13.3M
    2018
    $9.1M
    Zoning & alternative use
    C-1 · Pensacola, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $13.2M +102.7%
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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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