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Property profile & analytics
OFF-MARKET
Auto shops

7050 Palafox St Pensacola, FL 32503-7157

1,121 SF 0.24 ac lot Built 2004
Individually Owned 1-yr Hold ~ Est. High Equity
Property ID
US18-3432732
Property summary
AI-generated overview

This exceptional investment opportunity presents a vacant, fee-simple owned auto shop located at 7050 N Palafox St, Pensacola, FL 32503. The property, built in 2004, boasts a total of 2,272 square feet across two single-story buildings situated on a half-acre corner lot. The asking price is $350,000, translating to $154.05 per square foot. The property features ample parking with 55 spaces and is zoned HDMU. The existing structure includes a 1,072 square foot sales office complete with a large reception area and two private offices. Additionally, there are two covered repair areas, one equipped with a lift, and a 1,200 square foot shop containing a paint booth. All furniture, fixtures, and equipment—including tools, office computers, and auto analysis equipment—are included in the sale (see attached inventory list). This turnkey operation is conveniently located one block south of Burgess Road, within a cluster of used car lots along Palafox Street. The previous owner is retiring, making this a prime opportunity for a new business to establish itself in a well-established commercial area. The property is currently vacant and ready for immediate occupancy.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 2004
Construction WOOD
Total area 1,121 SF
Lot 0.24 ac (10,454 SF)
Zoning code HDMU
APN 27-1S-30-1201-006-002
UPID US18-3432732
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
  • Priced Right Auto Sales Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Song Chen · 1 yrs held
Song Chen
since 2025
Last sale
$290,000
7 recorded transactions
2025
$290,000
2019
Price N/A
2015
$140,000
2015
$100
2007
$200,000
2007
Price N/A
1969
Price N/A
Zoning & alternative use
HDMU · Pensacola, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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