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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Office buildings
9050 University Pkwy Pensacola, FL 32514-5524
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-3819155
Property summary
AI-generated overview
This exceptional investment opportunity presents a single-tenant medical office building located at 9050 University Parkway, Pensacola, Florida, 32514. The property, built in 1996, offers 2,912 net rentable square feet within a total of 3,195 square feet, situated on a 0.46-acre lot. Currently operating at 100% occupancy, the building boasts a strong net operating income (NOI) of $55,000, yielding an attractive 7.59% cap rate. The property is classified as a Class C, single-story building with 25 parking spaces and is zoned HDMU. The asking price is $725,000, translating to a price per square foot of $248.97. This is a Net Lease (NNN) investment with a single tenant in place. An adjacent 0.3-acre lot is also available for separate purchase. The property's location in Escambia County benefits from a robust local economy, with low unemployment rates and high demand for medical office space. This presents a compelling opportunity for investors seeking a stable, high-yield investment in a thriving market. The property's APN is 141S303301002002.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1996
Construction
WOOD
Total area
2,924 SF
Lot
0.46 ac (20,250 SF)
Zoning code
HDMU
APN
14-1S-30-3301-002-002
UPID
US18-3819155
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
-
Mills Eye + Facial Surgery Ophthalmologist
-
Dr. David M. Mills, MD Ophthalmologist
-
Dr. Wesley Mayes Physician
-
James Tammaro Physician
-
Pitts Barbara Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$810k
Comparable Approach
Comparable
$456k
Blend (final)
Blend
$590k
Owner & transaction history
Destin5 LLC · 1 yrs held
Destin5 LLC
since 2025
Last sale
$615,000
6 recorded transactions
Zoning & alternative use
HDMU · Pensacola, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$450,000
+12.3%
Auto repair, garage
$410,000
+2.4%
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
$580,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$875,000
6.5%
$810,000
7%
$750,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$400,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$450,000
Change: +12% · Conversion: Difficult
AUTO REPAIR, GARAGE
$410,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$355,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $615k (Jan 6 2025)
Last sale anchor
$615k
Jan 6 2025
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
$202 / 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
$5,305
Tax year 2023
Assessed value
$388,428
Assessed 2023
Previous assessed
$371,107
+4.7% YoY
Effective rate
1.37%
On assessed value
Land market value
$162,000
Improvement market value
$226,428
Total market value
$388,428
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1996
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
2,924 SF
Lot
0.46 ac (20,250 SF)
Zoning code
HDMU
APN
14-1S-30-3301-002-002
UPID
US18-3819155
Jurisdiction
ESCAMBIA
Zoning & alternative use
HDMU · Pensacola, FL
Zoning HDMU · permitted uses
HDMU · 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
OFFICE BUILDING Current
Est. value
$400,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$450,000
AUTO REPAIR, GARAGE
Est. value
$410,000
RETAIL STORES
Est. value
$355,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
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
1996
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.46 ac
Current owner
From public records · entity-resolved
Destin5 LLC
Entity
Mailing address
9050 UNIVERSITY PKWY, PENSACOLA, FL 32514-5524
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2025
$615,000
Destin5 LLC
Sandy Cross Properties LLC
Warranty Deed
—
May 22, 2020
—
Sandy Cross Properties LLC
—
Deed
related
$480,000 · Renasant Bk
Jul 21, 2016
$376,800
Sandy Cross Properties LLC
Jacobs & Suarez INC
Warranty Deed
$391,000 · Servisfirst Bk
—
—
Jacobs & Suarez INC
—
Deed Of Trust
related
$243,458 · Servisfirst Bank
—
—
Sandy Cross Properties LLC
—
Deed Of Trust
related
$480,000 · Renasant Bk
—
—
Jacobs & Suarez INC
—
Deed Of Trust
related
$272,098 · Compass 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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