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    690 Navy Blvd Pensacola, FL 32507-1267
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    690 Navy Blvd Pensacola, FL 32507-1267

    View on Map
    • Retail space
    • 3,633 SF
    • 0.69 lot acres
    Off-Market
    Property ID
    US18-0153551
    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.
    Value Estimations
    $625,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Murphy USA / Gas Station

    Property Details for 690 Navy Blvd

    Year built
    2010
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.69 lot acres
    Property size
    3,633 SF
    Zone code
    COM
    Property type
    Retail space
    APN
    52-2S-30-2501-002-017
    APU
    522S302501002017

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $626,000
      Market price range: $170k - $627k
      AI Estimate
      $626,000
      Market price range: $170k - $627k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $560,000
      AUTO REPAIR, GARAGE
      $510,000
      COMMERCIAL (GENERAL)
      $505,000
      OFFICE BUILDING
      $495,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.2771
    Latitude
    30.3985
    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
    $6,611
    $0.00
    $0.00
    $488,889
    -
    $180,000
    $308,889
    $488,889

    Comparable in this City

    • Value Estimation
      $1,685,000
      14,482 SF

      13430 Innerarity Pt Rd

      RETAIL STORES (PERSONAL SERVICES) • 14,482 SF
      13430 Innerarity Pt Rd, Pensacola, FL 32507-8817
      View Details
    • Value Estimation by Request
      3,838 SF

      16786 Perdido Key Dr

      RETAIL STORES (PERSONAL SERVICES) • 3,838 SF
      16786 Perdido Key Dr, Pensacola, FL 32507-9324
      View Details
    • Value Estimation by Request
      2,841 SF

      13440 Perdido Key Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,841 SF
      13440 Perdido Key Dr, Pensacola, FL 32507-9603
      View Details
    • Value Estimation by Request
      2,615 SF

      1 New Warrington Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,615 SF
      1 New Warrington Rd, Pensacola, FL 32507-1031
      View Details
    • Value Estimation by Request
      3,904 SF

      3530 Barrancas Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,904 SF
      3530 Barrancas Ave, Pensacola, FL 32507-2373
      View Details
    • Value Estimation by Request
      3,015 SF

      16698 Perdido Key Dr

      RETAIL STORES (PERSONAL SERVICES) • 3,015 SF
      16698 Perdido Key Dr, Pensacola, FL 32507-9322
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Pensacola Retail Space For Sale

      Former vape shop ideal for retail or office use.
      3810 Barrancas Ave, Pensacola, FL 32507
      View Details
    • $1,350,000
      1.31 Acres

      Prime Perdido Key Development Land

      1.3-acre property in Pensacola, FL, ideal for mixed-use development.
      5661 Galvez Rd, Pensacola, FL 32507
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    • $275,000
      2,700 SF

      High-Traffic Retail Space Available

      Retail space with high visibility and versatile footprint for rent.
      301 N Navy Blvd, Pensacola, FL 32507
      View Details
    • $950,000
      9,516 SF

      Prime Pensacola Lounge & Package Store

      Established Business, Turnkey Operation, High Revenue Potential
      4148 Barrancas Ave, Pensacola, FL 32507
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    • $260,000
      2,201 SF

      Prime Pensacola Pawn Shop Investment

      Profitable pawn shop, sale or lease. High traffic location.
      789 N Navy Blvd, Pensacola, FL 32507
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    • $750,000
      10,442 SF

      Pensacola Retail Property Investment

      10,442 SF, Flexible Commercial Space
      1800 Patricia Dr, Pensacola, FL 32507
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    Similar Nearby for Lease

    • Contact for pricing
      672 SF

      High-Visibility Retail Space Available

      Retail property with storefront, modern upgrades, and ample parking.
      4113 Barrancas Ave, Pensacola, FL 32507
      View Details
    • $12 SF/Yr
      2,200 SF

      Renovated Retail Space on Navy

      2,200 SF retail space with high traffic exposure.
      23 N Navy Blvd, Pensacola, FL 32507
      View Details
    • Contact for pricing

      Navy Park Plaza Suites Available

      Mixed-use center with office and retail suites for lease.
      3960 W Navy Blvd, Pensacola, FL 32507
      View Details
    • Contact for pricing

      Medical/Retail Space on Sorrento Road

      3,500 SF available in West Pensacola near Perdido Key.
      12601 Sorrento Rd, Pensacola, FL 32507
      View Details
    • $17 SF/Yr
      1,400 SF

      Retail/Office Space Near NAS Gate

      Retail or office spaces available for lease near major retailers.
      10447 Sorrento Rd, Pensacola, FL 32507
      View Details
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    690 Navy Blvd
    Pensacola, FL 32507-1267
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    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
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