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Property profile & analytics
OFF-MARKET
Estimated value
$1,095,000
Industrial properties
8811 Grow Dr Pensacola, FL 32514-7051
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5617762
Property summary
AI-generated overview
This exceptional 18,750-square-foot Class A industrial warehouse is available for lease in Pensacola, Florida. Situated at 8811 Grow Dr, 32514, this single-tenant property boasts a spacious, open layout ideal for manufacturing, warehousing, or distribution operations. The building features a 24-foot ceiling height, providing ample vertical storage capacity. Three drive-in doors ensure efficient loading and unloading of goods. The property is zoned HC/LI and is conveniently located off I-10 and Davis Highway, offering excellent access to major transportation routes. The warehouse currently lacks office space and restrooms
Property profile
Verified
Property type
Industrial properties
Use group
HEAVY INDUSTRIAL
Year built
1990
Construction
TYPE NOT SPECIFIED
Total area
4,976 SF
Lot
10 ac (435,600 SF)
Zoning code
HC/LI
APN
03-1S-29-1002-000-038
UPID
US18-5617762
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
-
Gexpro Services Building Supply Construction Company
-
Trugreen Home Decor Store Department Store
-
Grow Storage Units Storage Facility
-
Peaden Air Conditioning, Plumbing & Electrical Plumbing Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$1.10M
Owner & transaction history
Daws Manufacturing Co INC · 9 yrs held
Daws Manufacturing Co INC
since 2016
3 recorded transactions
Zoning & alternative use
HC/LI · Pensacola, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$765,000
+30.0%
Auto repair, garage
$700,000
+18.5%
Office building
$685,000
+15.7%
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
$765,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$700,000
Change: +19% · Conversion: Easy
OFFICE BUILDING
$685,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$1.10M
Range $986k – $1.20M · ±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
$220 / 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
$110,645
Tax year 2023
Assessed value
$7,314,841
Assessed 2023
Previous assessed
$6,780,474
+7.9% YoY
Effective rate
1.51%
On assessed value
Land market value
$190,000
Improvement market value
$7,751,702
Total market value
$7,941,702
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
Industrial properties
Use group
HEAVY INDUSTRIAL
Status
Off-Market
Year built
1990
Construction
TYPE NOT SPECIFIED
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
1
Bathrooms
12
Total area
4,976 SF
Lot
10 ac (435,600 SF)
Zoning code
HC/LI
APN
03-1S-29-1002-000-038
UPID
US18-5617762
Jurisdiction
ESCAMBIA
Zoning & alternative use
HC/LI · Pensacola, FL
Zoning HC/LI · permitted uses
HC/LI · 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
Est. value
$765,000
AUTO REPAIR, GARAGE
Est. value
$700,000
OFFICE BUILDING
Est. value
$685,000
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1990
Construction
TYPE NOT SPECIFIED
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
12
Lot
10 ac
Current owner
From public records · entity-resolved
Daws Manufacturing Co INC
Entity
Mailing address
9515 HOLSBERRY RDA, PENSACOLA, FL 32534-1326
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2016
—
Daws Manufacturing Co INC
—
Trustees Deed
related
$1,400,000 · Hancock Bk
—
—
Daws Manufacturing Co INC
—
Deed Of Trust
related
$1,443,994 · Hancock Bank
—
—
Daws Manufacturing Co INC
—
Deed Of Trust
related
$4,910,756 · Hancock Bank
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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