Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    116 N E St Pensacola, FL 32502

    Sponsored
    Picture of Residential land & home lots at N E St 116, Pensacola, FL
    For Sale
    $139,900

    Residential Lots - Pensacola, FL

    Lot size:
    0.15 Acres
    Days on Market:
    4
    Last Refresh:
    Jan 19 at 2:06 pm

    Property Features for 116 N E St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    000S009080006019
    Lot size
    0.15 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Fred Gunther
    Fred Gunther

    GUNTHER PROPERTIES, LLC 225 850-433-0666

    Listing agent Fred Gunther (850) 433-5000

    Listing date Jan 16, 2026

    MLS# 671298 Listing URL

    Copyright © 2026 Pensacola Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Pensacola Residential Lot For Sale

    This vacant residential lot is located in the Westside Garden District of Pensacola, Florida. The property is zoned R-1A and measures 45 feet by 150 feet, totaling 0.15 acres. The lot is cleared and ready for construction. A water meter is already installed on the site.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Law Firm Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.230251
    Latitude
    30.41343

    Nearby Similar for Sale

    • $950,000

      Turnkey Income Property in Pensacola

      Fully functioning 6-unit income property with high-yield potential.
      2001 N 61St Ave, Pensacola, FL 32506
      View Details
    • New
      $330,000

      Pensacola Duplex with Inground Pool

      Duplex in Pensacola, FL, featuring a saltwater pool and large yard.
      3781 Nobles St, Pensacola, FL 32514
      View Details
    • New
      $550,000

      Pensacola Quadruplex: Strong Income Potential

      Fully occupied, updated 4-unit property near shopping and airport.
      2881 E Johnson Ave, Pensacola, FL 32514
      View Details
    • $725,000

      Historic Downtown Pensacola Quadruplex

      Income-producing, furnished quadruplex in Pensacola's historic Old East Hill.
      522 N 7Th Ave, Pensacola, FL 32501
      View Details
    • $590,000
      2,380 SF

      Pensacola Single-Story Home with Pond View

      Four-bedroom home in maritime community with pond and marina access.
      4003 Indigo Dr, Pensacola, FL 32507
      View Details
    • $799,999

      Restored Quadruplex in Old East Hill

      Restored multi-unit property with income potential in Old East Hill.
      600 E Jackson St, Pensacola, FL 32501
      View Details
    • New
      $248,000
      504 SF

      Pensacola Investment Property For Sale

      Fully leased residential property with immediate income potential in Pensacola, Florida.
      214 Brown Rd, Pensacola, FL 32507
      View Details
    • $223,900

      Pensacola Duplex Investment Opportunity

      Two homes on one parcel in Myrtle Grove, Pensacola.
      907 N 57Th Ave, Pensacola, FL 32506
      View Details
    • $795,000
      0.19 Acres

      Updated Triplex in Historic North Hill

      Updated triplex near downtown Pensacola, ideal for investors or owner-occupiers.
      4 W De Soto St, Pensacola, FL 32501
      View Details
    • $795,000

      Pensacola Duplex with Converted Garage

      Updated duplex with converted garage near downtown Pensacola.
      4 W De Soto St, Pensacola, FL 32501
      View Details
    • $325,000
      2,154 SF

      Pensacola Multi-Property Near Gulf

      Multi-property on 4.2 acres near the Gulf Coast.
      8300 Gulf Beach Hwy, Pensacola, FL 32507
      View Details
    • $550,000

      New Pensacola Duplex with Income

      New construction duplex in Pensacola with tenant-occupied unit.
      2805 N V St, Pensacola, FL 32505
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Cleared residential lot in Westside Garden District, ready to build.
    Where is this residential land & home lot located?
    The property is located at 116 N E St Pensacola, FL.
    What is the asking price?
    The asking price for this property is $139,900.
    What are key features of this property?
    This property features: - Cleared and ready-to-build 45' x 150' residential lot.; - Located in the Westside Garden District.; - Zoned R-1A.
    (850) 433-0666
    Request Owner's contact information
    116 N E St Pensacola, FL 32502
    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.
    116 N E St
    Pensacola, FL 32502
    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
    116 N E St Pensacola, FL 32502
    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

    We can help!
    Listing Contact
    Fred Gunther
    Fred Gunther
    Real Estate License ID: FL BK650490
    (850) 433-0666
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.