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Property profile & analytics
OFF-MARKET
Estimated value
$2,925,000
Race tracks
951 Dog Trak Rd Pensacola, FL 32506-8236
Individually Owned
~
Est. High Equity
Property ID
US18-2153203
Property profile
Verified
Property type
Race tracks
Use group
RACE TRACK (AUTO, DOG, HORSE)
Year built
1959
Construction
STEEL FRAME
Total area
5,004 SF
Lot
19.93 ac (868,151 SF)
Zoning code
HC/LI
APN
25-2S-31-1303-000-000
UPID
US18-2153203
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
-
Pensacola Greyhound Track & Poker Room Resort
-
Pce Computer Services Inc (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.93M
Owner & transaction history
Steven W Corbett
Steven W Corbett
since 2025
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
HC/LI · Pensacola, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,345,000
ML approach
$2,345,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.93M
Range $2.63M – $3.22M · ±10% · vs last sale $3.50M (Jul 13 2025)
Last sale anchor
$3.50M
Jul 13 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
$585 / 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
$29,644
Tax year 2023
Assessed value
$1,992,475
Assessed 2023
Previous assessed
$1,997,192
-0.2% YoY
Effective rate
1.49%
On assessed value
Land market value
$498,250
Improvement market value
$1,494,225
Total market value
$1,992,475
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
Race tracks
Use group
RACE TRACK (AUTO, DOG, HORSE)
Status
Off-Market
Year built
1959
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
14
Total area
5,004 SF
Lot
19.93 ac (868,151 SF)
Zoning code
HC/LI
APN
25-2S-31-1303-000-000
UPID
US18-2153203
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.
Building & site characteristics
From public records
Year built
1959
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
14
Lot
19.93 ac
Current owner
From public records · entity-resolved
Steven W Corbett
Individual
Mailing address
2101 CLINTON AVE W STE #201, HUNTSVILLE, AL 35805-3107
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2025
$3,500,000
Steven W Corbett
Breland Capital LLC
Special Warranty Deed
—
Jan 23, 2024
$2,345,000
Breland Capital LLC
Herons Landing Development LLC
Special Warranty Deed
—
Jan 23, 2024
—
Herons Landing Development LLC
Herons Landing Development LLC
Deed
related
—
Jan 23, 2023
$460,000
Teramore Development LLC
Herons Landing Development LLC
Warranty Deed
$1,550,000 · Guardian Bank
Dec 16, 2020
—
Herons Landing LLC
Pensacola Greyhound Racing
Quit Claim Deed
related
—
Dec 16, 2020
$22,750
Herons Landing Development Ll
Pensacola Greyhound Racing LLP
Warranty Deed
—
Mar 8, 2017
—
Millview Estates Phase III LLC
Thomas Home Corp
Quit Claim Deed
related
—
Nov 23, 2015
$4,000
Thomas Home Corp
Pensacola Greyhound Racing LLP
Quit Claim Deed
related
—
Jun 28, 2010
$1,720,000
Pensacola Greyhound Racing LLP
Pensacola Greyhound Track INC
Grant Deed
related
—
—
—
Pensacola Greyhound Track INC
—
Deed Of Trust
related
$3,450,000 · Poarch Band/creek Indians Pci Gaming A
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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