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Property profile & analytics
OFF-MARKET
Estimated value
$16,240,000
Retail properties & Spaces
6233 Davis Hwy Pensacola, FL 32504-6966
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-0192102
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
108,333 SF
Lot
8.75 ac (381,150 SF)
Zoning code
HC/LI
APN
30-1S-30-6602-000-003
UPID
US18-0192102
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
-
Pedros Tacos & Tequila Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$18.84M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.24M
Owner & transaction history
Pensacola Commons LLC · 4 yrs held
Pensacola Commons LLC
since 2022
Last sale
$16.0M
4 recorded transactions
Zoning & alternative use
HC/LI · Pensacola, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$16.7M
+27.2%
Auto repair, garage
$15.2M
+16.0%
Commercial (general)
$14.8M
+12.8%
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
$14,115,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$20,405,000
6.5%
$18,835,000
7%
$17,490,000
Alternative Use
Use
Estimation
RETAIL STORES
$13,130,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$16,710,000
Change: +27% · Conversion: Moderate
AUTO REPAIR, GARAGE
$15,235,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$14,815,000
Change: +13% · Conversion: Easy
OFFICE BUILDING
$14,415,000
Change: +10% · Conversion: Easy
INDUSTRIAL (GENERAL)
$12,855,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$16.24M
Range $14.62M – $17.86M · ±10% · vs last sale $16.00M (Jun 24 2022)
Last sale anchor
$16.00M
Jun 24 2022
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
$150 / 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
$71,852
Tax year 2023
Assessed value
$5,008,171
Assessed 2023
Previous assessed
$4,975,706
+0.7% YoY
Effective rate
1.43%
On assessed value
Land market value
$1,937,500
Improvement market value
$3,070,671
Total market value
$5,008,171
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
5
Total area
108,333 SF
Lot
8.75 ac (381,150 SF)
Zoning code
HC/LI
APN
30-1S-30-6602-000-003
UPID
US18-0192102
Jurisdiction
ESCAMBIA
Zoning & alternative use
HC/LI · Pensacola, FL
Zoning HC/LI · permitted uses
HC/LI · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$13.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$16.7M
AUTO REPAIR, GARAGE
Est. value
$15.2M
COMMERCIAL (GENERAL)
Est. value
$14.8M
OFFICE BUILDING
Est. value
$14.4M
INDUSTRIAL (GENERAL)
Est. value
$12.9M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
5
Lot
8.75 ac
Current owner
From public records · entity-resolved
Pensacola Commons LLC
Entity
Mailing address
1901 NW 62ND ST STE #102, FT LAUDERDALE, FL 33309-1864
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2022
$16,000,000
Pensacola Commons LLC
Rcg Pensacola LLC
Special Warranty Deed
$9,600,000 · Ocean Bank
Nov 30, 2006
$7,100,000
Rcg-pensacola LLC
6241-51 N Davis Highway Holdin
Grant Deed
$7,100,000 · Protective Life Insurance Co
Apr 10, 2006
$7,497,000
N Davis Highway Holdin 6241-51
Kr Pensacola LLC
Grant Deed
—
—
—
Rcg-pensacola LLC
—
Deed Of Trust
related
$11,425,000 · Prudential Mtg Cap
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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