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    The Largest CRE Database in the US with Over 1 Million Listings

    257 Amber Street Pensacola, FL 32503

    Sponsored
    Source: https://www.saltercompany.com
    For Sale
    $23,500,000

    Three Buildings, 9 Acres, High Demand Location

    Property size:
    142,234 SF

    Description

    Added:
    Feb 11, 2025
    Days on Market:
    346
    This exceptional investment opportunity encompasses a 142,234 square foot industrial warehouse complex situated on over 9 acres of land in Pensacola, Florida. The property boasts three buildings strategically located near the intersection of I-110 and Brent Lane, adjacent to a new hospital. The main warehouse building, constructed of concrete, comprises 126,714 square feet. Two additional buildings feature metal construction with convenient roll-up door access and ample surrounding parking. The entire complex is currently 100% leased to strong tenants under long-term agreements. The property is zoned HC/LI, reflecting its prime location within a rapidly developing area poised for significant growth. The proximity to the new hospital and the anticipated development of medical office space and related services in adjacent sites presents a compelling investment case with strong potential for future appreciation. This offering presents a rare chance to acquire a substantial, income-producing industrial property in a high-demand Pensacola location. The land size is 9.5 acres. Detailed financial information is available upon request.

    Property Features for 257 Amber Street

    General Information

    Property type
    Warehouses
    Square Feet
    142,234 SF
    Price / Square Foot
    $165
    Total Parking Spaces
    100
    Elevators
    N/A
    Net Rentable
    142,234 SF
    Lot Size
    413,820 SF

    Building Details

    Year Built
    1967
    Buildings
    3
    Stories
    1

    We can help!

    Listing Contact
    Paul Salter

    Learn more

    Property Insight Report

    HighLights

    • Prime Pensacola location, near I‑110 and new hospital.
    • Three buildings totaling 142,234 square feet on over 9 acres.
    • 100% leased with strong, long‑term tenants in place.
    Location Intelligence

    Current Use by Public Records

    Emerald Coast Finest ... Grocery Store ATL Cold Storage Storage Facility Hershey's Ice Cream ... Corporate Office Lion Aerospace International ... Aerospace Company King Aero Management ... Aerospace Company

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    State
    Florida
    Longitude
    -87.231952
    Latitude
    30.465932

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    FAQs

    What type of property is this?
    Warehouse - Three Buildings, 9 Acres, High Demand Location
    Where is this warehouse located?
    The property is located at 257 Amber Street Pensacola, FL.
    What is the asking price?
    The asking price for this property is $23,500,000.
    What are key features of this property?
    This property features: Prime Pensacola location, near I-110 and new hospital.; Three buildings totaling 142,234 square feet on over 9 acres.; 100% leased with strong, long-term tenants in place.
    (850) 564-0120
    Request Owner's contact information
    257 Amber Street Pensacola, FL 32503
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    Pensacola, FL 32503
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    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
    257 Amber Street Pensacola, FL 32503
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    We can help!
    Listing Contact
    Paul Salter
    (850) 564-0120
    Learn more
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