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Property profile & analytics
FOR SALE
Community centers
8187 W Fairfield Dr, Pensacola, FL 32506
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3699969
For Sale
1 / 63
$5,055,000
8187 W Fairfield Dr, Pensacola, FL 32506
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Property summary
AI-generated overview
Established Pensacola liquor store with a 3-PS license is for sale for $745,000. The 2,000 square foot business, located on a 7.135-acre lot at 8187 W Fairfield Dr, Pensacola, FL 32506, generates approximately $900,000 in gross annual sales and a net operating income of $200,000. The business has been operating since 1978 and is situated in a high-traffic location, benefiting from excellent visibility and a loyal customer base. All business assets, excluding inventory (negotiable separately), are included in the sale. The sale also includes a valuable 3-PS liquor license, easily upgradeable to a 4-COP license, offering significant expansion potential. The current lease, a NNN lease, expires January 14, 2025, with a remaining term of one year. The property is zoned commercial and features one single-story building. This turnkey opportunity presents a strong investment with substantial growth potential in a thriving market. The business offers a wide selection of popular brands and impeccable customer service. Financial records demonstrate consistent profitability with gross profit margins around 23-24%. The opportunity to upgrade the license to a 4-COP allows for on-site consumption, opening new revenue streams. This is a rare chance to acquire a well-established business with a highly valuable liquor license in a prime Pensacola location.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
22,419 SF
Lot
7.15 ac (311,454 SF)
Zoning code
COM
APN
11-2S-31-3400-000-000
UPID
US18-3699969
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
-
Grocery Outlet Grocery & Convenience Store Food Market
-
Subway Take-out & Catering
-
Dirt Cheap Discount Store
-
Dr. George B. Antonious, MD Physician
-
LIQUOR PARADISE (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.05M
Blend (final)
Blend
$5.06M
Owner & transaction history
Southern Development Of Mississippi · 11 yrs held
Southern Development Of Mississippi
since 2014
7 recorded transactions
Zoning & alternative use
COM · Pensacola, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.0M
+102.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,460,000
Current use
RESTAURANT
$7,010,000
Change: +103% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,155,000
Change: -9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,065,000
Change: -11% · Conversion: Easy
OFFICE BUILDING
$3,050,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$5.06M
Range $4.55M – $5.56M · ±10%
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
$225 / 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
$44,985
Tax year 2023
Assessed value
$3,140,656
Assessed 2023
Previous assessed
$3,105,079
+1.1% YoY
Effective rate
1.43%
On assessed value
Land market value
$679,250
Improvement market value
$2,461,406
Total market value
$3,140,656
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
Community centers
Use group
MINI-MALL
Status
For Sale
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
5
Stories
1
Bathrooms
15
Total area
22,419 SF
Lot
7.15 ac (311,454 SF)
Zoning code
COM
APN
11-2S-31-3400-000-000
UPID
US18-3699969
Jurisdiction
ESCAMBIA
Zoning & alternative use
COM · Pensacola, FL
Zoning COM · permitted uses
COM · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.5M
RESTAURANT
Est. value
$7.0M
AUTO REPAIR, GARAGE
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$3.1M
OFFICE BUILDING
Est. value
$3.1M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
5
Bathrooms
15
Lot
7.15 ac
Current owner
From public records · entity-resolved
Southern Development Of Mississippi
Entity
Mailing address
825 VAN NESS AVE STE #301, SAN FRANCISCO, CA 94109-7837
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2021
—
Fairfield Village LLC
—
Deed
related
$4,150,000 · Farm Bureau Life Insurance Company Of Mi
Oct 1, 2019
—
Southern Development Of Mississippi
—
Deed
related
$3,214,300 · The First A National Banking Assn
Jan 23, 2019
—
Southern Dev Of Mississippi In
—
Deed
related
$135,772 · Priorityone Bk
Nov 18, 2014
$2,450,000
Southern Development Of Mississippi
Fairfield Village 122 LLC
Special Warranty Deed
$3,600,000 · Priorityone Bank
Apr 21, 2008
—
First States Invtrs 2017 LLC
—
Deed Of Trust
related
$250,000,000 · Goldman Sachs Comm'l Mtg Cap
Dec 7, 2006
$4,750,000
Min Shopping Center LLC
Ria Pensacola
Trustees Deed
$4,000,000 · Column Financial INC
Dec 1, 2006
$4,750,000
Owner Name Unavailable
Owner Name Unavailable
Warranty Deed
related
$4,000,000 · Column Financial INC
—
—
Southern Dev Of Mississippi In
—
Deed Of Trust
related
$135,772 · Priorityone Bk
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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