Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6715 Plantation Rd Pensacola, FL 32504-6357

    • Office buildings
    • 3,366 SF
    • 0.73 lot acres
    OFF-MARKET
    Last Sale
    Aug 26, 2024
    $650,000
    Value Estimations
    $650,000
    Show details
    Cap Rate Potential
    9.3%
    Office buildings
    Location Intelligence
    Property ID
    US18-1046470
    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.

    Current Use by Public Records

    • LandrumHR Workforce Solutions / Employment Agency / Payroll Service

    Property Details for 6715 Plantation Rd

    Year built
    1992
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.73 lot acres
    Property size
    3,366 SF
    Zone code
    HC/LI
    Property type
    Office buildings
    APN
    30-1S-30-4101-002-001
    APU
    301S304101002001

    Description

    This exceptional 3,959-square-foot Class A office building is situated on a 0.73-acre lot at the corner of Creighton Road and Plantation Road in Pensacola, Florida, offering excellent visibility and exposure. Built in 1992 and renovated in 2002, this single-story building boasts a 10-foot ceiling height and features six individual offices, a spacious conference room, two large workstation areas, and a 987-square-foot conditioned warehouse/shop area. Two bathrooms are conveniently located within the building. The property includes a comprehensive security system with fob entry and video surveillance, ensuring peace of mind. A backup generator provides added reliability. Ample parking is available with 21 spaces. The building is zoned HC-LI and its APN is 30-1S-30-4101-002-001. The property is nicely landscaped and located in the submarket formerly known as "Landrum HR," offering a desirable location for businesses seeking a high-quality, well-maintained office space. The property is currently vacant and ready for immediate occupancy. Please note that furniture shown in pictures is not included in the lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $650,000
      ML approach
      $650,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $492,000
      Market price range: $291k - $637k
      AI Estimate
      $492,000
      Market price range: $291k - $637k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $450,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $520,000
      Change: +16% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $475,000
      Change: +6% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $460,000
      Change: +3% Conversion: Easy
      RETAIL STORES
      $410,000
      Change: -9% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.2283
    Latitude
    30.4963
    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
    $5,553
    $0.00
    $0.00
    $406,838
    -
    $158,995
    $247,843
    $406,838

    Comparable in this City

    • Value Estimation
      $835,000
      9,673 SF

      1201 Creighton Rd

      OFFICE BUILDING • 9,673 SF
      1201 Creighton Rd, Pensacola, FL 32504-7035
      View Details
    • Value Estimation by Request
      1,453 SF

      1200 Creighton Rd

      PROFESSIONAL BUILDING • 1,453 SF
      1200 Creighton Rd, Pensacola, FL 32504-7036
      View Details
    • Value Estimation
      $10,695,000
      123,767 SF

      5147 9th Ave

      PROFESSIONAL BUILDING • 123,767 SF
      5147 9th Ave, Pensacola, FL 32504-8771
      View Details
    • Value Estimation
      $765,000
      4,266 SF

      6218 9th Ave

      OFFICE BUILDING • 4,266 SF
      6218 9th Ave, Pensacola, FL 32504-8248
      View Details
    • Value Estimation
      $1,120,000
      7,754 SF

      2107 Airport Blvd

      OFFICE BUILDING • 7,754 SF
      2107 Airport Blvd, Pensacola, FL 32504-8917
      View Details
    • Value Estimation
      $620,000
      6,834 SF

      6108 Vlg Oaks Dr

      OFFICE BUILDING • 6,834 SF
      6108 Vlg Oaks Dr, Pensacola, FL 32504-6906
      View Details

    Similar Nearby for Sale

    • $895,000
      4,026 SF

      Pensacola Office Building For Sale

      Elegant 4,026 sq ft office, prime location.
      3008 Langley Ave, Pensacola, FL 32504
      View Details
    • $895,000
      3,850 SF

      Class A Office Building

      High-end office property with quality construction and interior finishes.
      3008 Langley Ave, Pensacola, FL 32504
      View Details
    • $950,000
      3,800 SF

      Spacious Office Building Near Airport

      Well-maintained office building with high-end finishes near hospitals and airport.
      900 Garden Gate Cir, Pensacola, FL 32504
      View Details
    • $950,000
      3,800 SF

      Pensacola Medical Office Building

      Prime Medical Office, High-End Finishes
      900 Garden Gate Cir, Pensacola, FL 32504
      View Details
    • $5,400,000
      22,296 SF

      Pensacola Medical Office Investment

      Prime Pensacola medical building, strong tenant, NNN lease.
      5111 N 12th Ave, Pensacola, FL 32504
      View Details
    • $4,100,000
      30,093 SF

      Bayou Blvd Office Building Investment

      Pensacola Office Complex - High Growth Potential
      4700 BAYOU BLVD, Pensacola, FL 32504
      View Details

    Similar Nearby for Lease

    • $425 /Mo
      121 SF

      Prime Pensacola Executive Suite

      Modern 121 sq ft office, ideal for small businesses. Excellent location & amenities.
      3000 Langley Ave, Pensacola, FL 32504
      View Details
    • $16 SF/Yr
      8,970 SF

      Pensacola Office Space: 8,970 SF

      Prime Pensacola office space, ideal for large businesses.
      5401 Corporate Woods Dr, Pensacola, FL 32504
      View Details
    • $1,995 /Mo
      1,500 SF

      Pensacola Office Space: 1500 SF

      Prime Pensacola office, 6 offices, great location.
      2929 Langley Ave, Pensacola, FL 32504
      View Details
    • $26 SF/Yr
      460 SF

      Pensacola Office Space: 460 SF

      Modern, upgraded office suite near I-10.
      7282 Plantation Rd, Pensacola, FL 32504
      View Details
    • $6 SF/Yr
      1,298 SF

      Pensacola Office Suite - 1298 SF

      Prime Pensacola office/storage space available.
      7280 Plantation Rd, Pensacola, FL 32504
      View Details
    • $24 SF/Yr
      1,736 SF

      Retail/Office/Medical Space on N Davis

      Versatile space suitable for retail, office, or medical use.
      6601 N Davis Hwy, Pensacola, FL 32504
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6715 Plantation Rd
    Pensacola, FL 32504-6357
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.