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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7050 Plantation Rd Pensacola, FL 32504-6330

    • Hotels
    • 45,803 SF
    • 1.62 lot acres
    OFF-MARKET
    Last Sale
    Mar 17, 2021
    $9,120,000
    Value Estimations
    $8,545,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0306781
    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

    • Hampton Inn & Suites Pensacola I-10 North at University Town Plaza / Hotel & Motel

    Property Details for 7050 Plantation Rd

    Year built
    2005
    Construction
    WOOD
    Lot size
    1.62 lot acres
    Property size
    45,803 SF
    Zone code
    HC/LI
    Property type
    Hotels
    APN
    30-1S-30-4101-003-001
    APU
    301S304101003001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,395,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $7,065,000
      AUTO REPAIR, GARAGE
      $6,440,000
      COMMERCIAL (GENERAL)
      $6,265,000
      OFFICE BUILDING
      $6,095,000
      RETAIL STORES
      $5,550,000
      INDUSTRIAL (GENERAL)
      $5,435,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.2263
    Latitude
    30.4966
    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
    $55,107
    $0.00
    $0.00
    $3,979,601
    -
    $352,835
    $3,626,766
    $3,979,601

    Comparable in this City

    • Value Estimation by Request
      43,368 SF

      809 Bloodworth Ln

      HOTEL • 43,368 SF
      809 Bloodworth Ln, Pensacola, FL 32504-6401
      View Details
    • Value Estimation by Request
      61,655 SF

      487 Creighton Rd

      HOTEL • 61,655 SF
      487 Creighton Rd, Pensacola, FL 32504-6250
      View Details
    • Value Estimation by Request
      18,185 SF

      7200 Plantation Rd

      HOTEL • 18,185 SF
      7200 Plantation Rd, Pensacola, FL 32504-6334
      View Details
    • Value Estimation by Request
      7,008 SF

      7340 Plantation Rd

      HOTEL • 7,008 SF
      7340 Plantation Rd, Pensacola, FL 32504-6336
      View Details
    • Value Estimation by Request
      63,328 SF

      6000 Cobblecreek Rd

      HOTEL • 63,328 SF
      6000 Cobblecreek Rd, Pensacola, FL 32504
      View Details
    • Value Estimation by Request
      46,780 SF

      7330 Plantation Rd

      HOTEL • 46,780 SF
      7330 Plantation Rd, Pensacola, FL 32504-6336
      View Details

    Similar Nearby for Sale

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      Pensacola Commercial Land - 3.4 Acres

      Prime Pensacola location, I-10 & I-110 access.
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      View Details
    • $320,000
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      Cordova Mall Bakery - Prime Location

      High-end Mediterranean bakery, excellent foot traffic.
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    • $95,000

      Pensacola Outparcel Build-to-Suit Opportunity

      Prime commercial land near retailers and Pensacola International Airport.
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    • $1,600,000
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      Scenic Hwy Commercial Land

      2.7-Acre Waterfront Development Site
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      Pensacola Land Parcel For Sale

      Vacant land parcel with development potential in Pensacola, Florida.
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    • $80,900
      0.34 Acres

      Pensacola Land Near Scenic Highway

      0.34-acre lot zoned for single-family residential use.
      4891 Creighton Rd, Pensacola, FL 32504
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,000 SF

      Pensacola Retail Space & Land

      High-visibility retail space, prime location.
      2409 Creighton Rd, Pensacola, FL 32504
      View Details
    • $18 SF/Yr
      169,486 SF

      Upscale Shopping Center in Pensacola

      Premier retail location with high visibility and strong co-tenants.
      1690 Airport Blvd, Pensacola, FL 32504
      View Details
    • Contact for pricing
      460 SF

      Remodeled Office Complex Near Interstates

      Newly remodeled office complex with upgrades, convenient location, and excellent visibility.
      7282 Plantation Rd, Pensacola, FL 32504
      View Details
    • $1.00 SF/Yr
      22,859 SF

      University Town Plaza Retail Space

      Pensacola, FL Power Center Opportunity
      7171 Davis Hwy, Pensacola, FL 32504
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    • $21 SF/Yr
      1,166 SF

      Pensacola Office Space For Lease

      1,166 SF Office, University Park, FL
      600 University Office Blvd., Pensacola, FL 32504
      View Details
    • $50 SF/Yr
      1,840 SF

      Pensacola Retail Space: Prime Location

      1840 sq ft retail space in thriving University Town Plaza.
      7171 N Davis Hwy, Pensacola, FL 32504
      View Details

    Property Visit Statistics

    • Visits by month
      6.2k
    • Visitors by month
      2.1k
    • Avg Time on site
      535 min
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    Pensacola, FL 32504-6330
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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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