Waterfront Office Campus
For Sale
Contact for pricing
1 Energy Pl, Pensacola, FL 32502
Class A five-story office building with structured parking and a large-scale central HVAC plant.
Property Size250,000 SF
Lot Size13.00 Acres
Price / SF$184
Days on Market278
Property Features for 1 Energy Pl
General Information
Standard status
Active
Size
250,000 SF
Class
A
Lot size
13.00 Acres
Property subtype
OFFICE
Amenities
grand lobby
structured parking
water views
Building Details
Stories
5
Listing Agency:
SVN | Southland Commercial Real Estate
(850) 434-7500
Listed By:
Michael Carro · License ##BK3179263
(850) 380-3344
Source:
Moodyscre
Added: Dec 3, 2025
Changed: Aug 13
Last Checked: Jul 23 at 1:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Southland Commercial Real Estate
Investment Insights
Based on property information with market context.
One Energy Place is a Class A, five-story office building totaling approximately 250,000 square feet on 13+ acres of waterfront real estate with direct views of Pensacola Bay. The property includes a grand lobby, expansive glass facades, and structured parking, with water views from nearly every floor. It can be delivered 100% vacant, offering flexibility for adaptive re-use.
The site is positioned within minutes of Downtown Pensacola and is described as one of the largest contiguous office assets on the Gulf Coast. The property is also presented as suitable for corporate headquarters use, mixed-use redevelopment, or institutional investment.
Mechanical systems include a large-scale, high-performance central HVAC plant with redundancy and zone conditioning. The equipment described includes three Multistack chillers, two SPX cooling towers rated at 800 tons each, multiple Daikin and Carrier air-handling units, dedicated pumping systems (including six flow/return pumps), and nearly 175 terminal control units. The seller states the offering can support flexible, multi-tenant configurations and future adaptive re-use.
The site is positioned within minutes of Downtown Pensacola and is described as one of the largest contiguous office assets on the Gulf Coast. The property is also presented as suitable for corporate headquarters use, mixed-use redevelopment, or institutional investment.
Mechanical systems include a large-scale, high-performance central HVAC plant with redundancy and zone conditioning. The equipment described includes three Multistack chillers, two SPX cooling towers rated at 800 tons each, multiple Daikin and Carrier air-handling units, dedicated pumping systems (including six flow/return pumps), and nearly 175 terminal control units. The seller states the offering can support flexible, multi-tenant configurations and future adaptive re-use.
Key Highlights
- Class A, five‑story office building totaling approximately 250,000 SF on 13+ acres overlooking Pensacola Bay
- Expansive waterfront views with sweeping glass facades and a grand lobby, with water views from nearly every floor
- Large‑scale central HVAC plant with three multistack chillers and redundant design for Class A office demands
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$4,216,262
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$84,325,240
$84.3M
Cap Rate 7%
$60,232,314
$60.2M
Cap Rate 9%
$46,847,356
$46.8M
Market Conditions
NOI Build-Up for 250,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$6.27M $25.08/SF
− Vacancy
−$648.3K −$2.59/SF
EGI
$5.62M $22.49/SF
− OpEx
−$1.41M −$5.62/SF
NOI
$4.22M $16.87/SF
Area
Escambia County, FL
Vacancy
10.34%
Lease Rate
$25.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$84,325,240
Cap Rate 7%
$60,232,314
Cap Rate 9%
$46,847,356
Alternative Uses
Best Use
Office B
$60.23M
$52.70M – $70.27M
NOI $4,216,262 @ 7.0% cap · market cap 9.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$73.37M
$64.20M – $85.60M
NOI $5,136,014 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
968
Businesses Nearby
Explore this area
Business Placement
Demographics for 32502, FL
4,277
Population
2,582
Households
1.7
Avg Household Size
46
Median Age
36%
College-Educated
92%
High-School Grad
2.7 sq mi
ZIP Area
1,584
Density / Sq Mi
$67,548
Median Household Income
$41,011
Median Earnings
$1,313
Median Rent
$229,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Class A five-story office building with structured parking and a large-scale central HVAC plant.
Where is this office building located?
The property is located at 1 Energy Pl Pensacola, FL.
What is the asking price?
The asking price for this property is $46,000,000.
What are key features of this property?
This property features: Class A, five‑story office building totaling approximately 250,000 SF on 13+ acres overlooking Pensacola Bay; Expansive waterfront views with sweeping glass facades and a grand lobby, with water views from nearly every floor; Large‑scale central HVAC plant with three multistack chillers and redundant design for Class A office demands
