Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8681 Palafox St Pensacola, FL 32534-3406

    • Commercial land
    • 0.25 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2750738
    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

    • URAUTO LLC / Car Dealer / Car Finance And Loan Company
    • URAUTO Repairs / Auto Repair Shop

    Property Details for 8681 Palafox St

    Year built
    1960
    Lot size
    0.25 lot acres
    Zone code
    HC/LI
    Property type
    Commercial land
    APN
    11-1S-30-1901-009-026
    APU
    111S301901009026

    Description

    This exceptional 0.25-acre corner lot at 8681 N Palafox St, Pensacola, FL 32534, boasts unparalleled visibility and high traffic counts (approximately 11,000 vehicles daily). The property includes an existing 800 square foot freestanding building featuring two workstations, offering immediate usability. Its ideal location on Old Palafox Highway makes it perfect for a variety of commercial ventures, including but not limited to car dealerships, equipment sales, or other retail businesses requiring high visibility. The property's versatility and prime location present a unique opportunity for investors seeking strong returns. The building is suitable for various uses, providing flexibility for potential tenants. Net operating expenses are approximately $36.37 per month. All reasonable offers will be considered. This is a rare chance to acquire a highly visible and strategically located commercial property in a thriving Pensacola market. Don't miss this opportunity to secure a valuable asset with significant growth potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.2689
    Latitude
    30.5234
    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
    $450
    $0.00
    $0.00
    $31,145
    -
    $35,393
    $0.00
    $35,393

    Comparable in this City

    • Value Estimation by Request

      9800 Pensacola Blvd and Hwy 95-A (4.4 Acres For Sale)

      9800 Pensacola Blvd and Hwy 95-A (4.4 Acres For Sale)
      9800 pensacola boulevard, Pensacola, FL 32534
      View Details
    • Value Estimation by Request

      3.6 Acres West Nine Mile Road Commercial Lots For Sale

      3.6 Acres West Nine Mile Road Commercial Lots For Sale
      2605 W 9 Mile Rd, Pensacola, FL 32534
      View Details
    • Value Estimation by Request
      0.12 Acres

      Pensacola, FL 32534

      VACANT COMMERCIAL LAND • 0.12 Acres
      Pensacola, FL 32534
      View Details
    • Value Estimation by Request
      1.90 Acres

      Pensacola, FL 32534

      VACANT COMMERCIAL LAND • 1.90 Acres
      Pensacola, FL 32534
      View Details
    • Value Estimation by Request
      0.17 Acres

      8600 Blk Satsuma Ave

      VACANT COMMERCIAL LAND • 0.17 Acres
      8600 Blk Satsuma Ave, Pensacola, FL 32534
      View Details
    • Value Estimation by Request
      0.25 Acres

      8700 Blk Juniper Ave

      VACANT COMMERCIAL LAND • 0.25 Acres
      8700 Blk Juniper Ave, Pensacola, FL 32534
      View Details

    Similar Nearby for Sale

    • $799,000
      2.50 Acres

      Pensacola Blvd Redevelopment Opportunity

      2.5-acre commercial land, high traffic, redevelopment potential.
      10171 N Palafox St, Pensacola, FL 32534
      View Details
    • $2,400,000

      11-Acre Development Opportunity

      11 acres with mixed-use and commercial zoning near major highways.
      9200 Fowler Ave, Pensacola, FL 32534
      View Details
    • $2,000,000

      Commercial Land on Nine Mile

      Commercial land available on high-traffic Nine Mile Road.
      1111 E Nine Mile Rd, Pensacola, FL 32534
      View Details
    • $995,000

      Pensacola Blvd Commercial Land Available

      3.42 AC commercial land with high-traffic visibility.
      9600 Pensacola Blvd, Pensacola, FL 32534
      View Details
    • $2,900,000

      Pensacola Development Property For Sale

      Unique development property with high traffic count near Scenic Hills.
      1500 E Nine Mile Rd, Pensacola, FL 32534
      View Details
    • $3,000,000
      5.00 Acres

      Prime Pensacola Commercial Land

      Five-acre commercial lot, high traffic, ready to develop.
      2250 W Nine Mile Rd, Pensacola, FL 32534
      View Details

    Similar Nearby for Lease

    • $1,600 /Mo
      11,859 SF

      Palafox Highway Commercial Lot

      Prime Pensacola location, ideal for various businesses. High traffic visibility.
      8681 Old Palafox Hwy, Pensacola, FL 32534
      View Details
    • $19 SF/Yr
      3,750 SF

      Pensacola Retail Space Available

      High-traffic retail space in thriving Pensacola neighborhood.
      2115 W 9 Mile Rd, Pensacola, FL 32534
      View Details
    • $1,700 /Mo
      1,341 SF

      Pensacola Office Building Lease

      1341 SF Office, High-Traffic Location
      104 E 9 Mile Rd, Pensacola, FL 32534
      View Details
    • $600 /Mo
      200 SF

      Executive Office Suite in Pensacola

      Modern, furnished office, all-inclusive lease.
      8180 Pensacola Blvd, Pensacola, FL 32534
      View Details
    • $3,100 /Mo
      4,200 SF

      Pensacola Flex Space: 4,200 SF Available

      High-traffic location, versatile flex space. Ideal for various businesses.
      8685 Old Palafox Hwy, Pensacola, FL 32534
      View Details
    • $360 /Mo
      6,000 SF

      Pensacola Executive Office Suites

      Prime Office Space, Flexible Lease Options
      8285 Palafox St, Pensacola, FL 32534
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8681 Palafox St
    Pensacola, FL 32534-3406
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.