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Property profile & analytics
OFF-MARKET
Estimated value
$21,500,000
Hotels
700 Chase St Pensacola, FL 32502-6235
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3247088
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2007
Construction
CONCRETE
Total area
69,588 SF
Lot
0.66 ac (28,960 SF)
Zoning code
GRD
APN
00-0S-00-9025-030-031
UPID
US18-3247088
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
-
700 East Chase Street Parking Parking Lot & Garage
-
Courtyard Pensacola Downtown Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$21.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.50M
Owner & transaction history
Pns Hotel Partners I LLC · 2 yrs held
Pns Hotel Partners I LLC
since 2024
Last sale
$21.5M
2 recorded transactions
Zoning & alternative use
GRD · Pensacola, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$21,500,000
ML approach
$21,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$21,755,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$21.50M
Range $19.35M – $23.65M · ±10% · vs last sale $21.50M (Jun 21 2024)
Last sale anchor
$21.50M
Jun 21 2024
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
$309 / 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
$127,204
Tax year 2023
Assessed value
$7,509,727
Assessed 2023
Previous assessed
$7,247,488
+3.6% YoY
Effective rate
1.69%
On assessed value
Land market value
$376,480
Improvement market value
$7,133,247
Total market value
$7,509,727
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2007
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
5
Units
120
Bathrooms
124
Total area
69,588 SF
Lot
0.66 ac (28,960 SF)
Zoning code
GRD
APN
00-0S-00-9025-030-031
UPID
US18-3247088
Jurisdiction
ESCAMBIA
Zoning & alternative use
GRD · Pensacola, FL
Zoning GRD · permitted uses
GRD · 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
RESTAURANT
Est. value
$21.8M
RESTAURANT
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
2007
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
5
Units
120
Bathrooms
124
Lot
0.66 ac
Current owner
From public records · entity-resolved
Pns Hotel Partners I LLC
Entity
Mailing address
311 E GULF BREEZE PKWY, GULF BREEZE, FL 32561-4463
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2024
$21,500,000
Pns Hotel Partners I LLC
Five Flags Development Group LLC
Special Warranty Deed
$17,150,000 · Cadence Bank NA
Apr 10, 2012
—
Five Flags Dev Group LLC
—
Deed Of Trust
related
$12,325,000 · Coastal Bank & Trust
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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