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    7859 Pne Frst Rd Pensacola, FL 32526-8701
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    Property profile & analytics

    7859 Pne Frst Rd, Pensacola, FL 32526-8701

    View on Map
    • Showrooms
    • 59,702 SF
    • 9.85 lot acres
    Off-Market
    Last Sale May 21, 2021
    $12,750,000
    Property ID
    US19-0525354
    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
    $11,005,000
    Show details
    Cap Rate Potential
    6.9%
    Showrooms
    Location Intelligence

    Current Use by Public Records

    • Extra Space Storage / Storage Facility

    Property Details for 7859 Pne Frst Rd

    Year built
    1992
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    9.85 lot acres
    Zone code
    COM
    Property type
    Showrooms
    APN
    13-1S-31-1100-001-018
    APU
    131S311100001018

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 21, 2021 $12,750,000 Ess Storage Acquistion Fifty Three Renaissance Storage Investments LLC Special Warranty Deed —
    Sep 25, 2019 — Renaissance Storage Invs LLC — Deed · related $4M · Bank Of The South
    Nov 9, 2018 — Renaissance Storage Invs LLC — Deed · related $550k · Bank Of The South
    Jun 13, 2017 $1,391,300 Renaissance Storage Invs LLC Msci 2006-hq8 Pine Forest LLC Grant Deed —
    May 11, 2015 $10,100 Msci 2006-hq8 Pine Forest LLC Pensacola Supermarket Ow Coc Trustees Deed —
    May 5, 2015 — Bfw Liquidation LLC Pensacola Supermarket Owners L Grant Deed · related —
    Jul 15, 2005 — Brunos Supermarkets INC Brunos INC Quit Claim Deed —
    Jul 15, 2005 $3,997,100 Pensacola Supermarket Owners LLC Brunos Supermarkets INC Special Warranty Deed $3.6M · Morgan Stanley Mortgage Capital INC
    — — Renaissance Storage Invs LLC — Deed Of Trust · related $550k · Bank Of The South
    — — Renaissance Storage Invs LLC — Loan Modification · related $4M · Bank Of The South

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $10,335,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $11,820,000
      6.5%
      $10,910,000
      7%
      $10,130,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,645,000
      Market price range: $3.28M - $15.4M
      AI Estimate
      $9,645,000
      Market price range: $3.28M - $15.4M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $8,165,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $9,210,000
      Change: +13% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $8,395,000
      Change: +3% Conversion: Difficult
      OFFICE BUILDING
      $8,125,000
      Change: -1% Conversion: Easy
      RETAIL STORES
      $7,580,000
      Change: -7% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $7,085,000
      Change: -13% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.3126
    Latitude
    30.5151
    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
    $78,682
    $0.00
    $0.00
    $5,527,287
    -
    $1,228,500
    $4,298,787
    $5,527,287

    Comparable in this City

    • Value Estimation
      $855,000
      9,575 SF

      6900 Pne Frst Rd

      SHOW ROOM, WAREHOUSE
      6900 Pne Frst Rd, Pensacola, FL 32526-8910
      View Details
    • Value Estimation
      $2,840,000
      17,242 SF

      6141 Mobile Hwy

      SHOW ROOM, WAREHOUSE
      6141 Mobile Hwy, Pensacola, FL 32526-1211
      View Details
    • Value Estimation
      $825,000
      3,200 SF

      6848 Pne Frst Rd

      SHOW ROOM, WAREHOUSE
      6848 Pne Frst Rd, Pensacola, FL 32526-8902
      View Details
    • Value Estimation by Request
      1,656 SF

      4618 Saufley Fld Rd

      SHOW ROOM, WAREHOUSE
      4618 Saufley Fld Rd, Pensacola, FL 32526-1720
      View Details
    • Value Estimation
      $2,870,000
      43,146 SF

      2425 Longleaf Dr

      SHOW ROOM, WAREHOUSE
      2425 Longleaf Dr, Pensacola, FL 32526-8985
      View Details
    • Value Estimation
      $2,180,000
      8,480 SF

      2295 Michigan Ave

      SHOW ROOM, WAREHOUSE
      2295 Michigan Ave, Pensacola, FL 32526-2380
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,639 SF

      Versatile Commercial/Residential Property For Sale

      Well-maintained 1,639 sq ft property with HDMU zoning.
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    • Contact for pricing
      3,755 SF

      Corner Property Near Interstate 10

      Commercially zoned property suitable for retail, office, or redevelopment.
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    • Contact for pricing

      3811 W 9 Mile Rd, Pensacola, FL

      Commercial real estate
      3811 W Nine Mile Rd, Pensacola, FL 32526
      View Details
    • $159,900

      Pensacola Commercial Land For Sale

      Prime commercial land in a high-traffic Pensacola location.
      4529 Saufley Field Rd, Pensacola, FL 32526
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Retail Space on Pine Forest

      1,500 SF retail space available near Interstate 10.
      7841 Pine Forest Rd, Pensacola, FL 32526
      View Details
    • $23 SF/Yr

      Retail Space in Publix Anchored Center

      Retail space available in Pensacola's Bellview Plaza shopping center.
      5998 Mobile Hwy, Pensacola, FL 32526
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    • Contact for pricing
      3,500 SF

      Retail Space Near Walmart Market

      Retail space available in shadow center with high traffic.
      6705 Pine Forest Rd, Pensacola, FL 32526
      View Details
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    Pensacola, FL 32526-8701
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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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