Pensacola Retail Center Investment
1911 W Garden Street, Pensacola, FL 32502
19,350 SF / 12 Unit Retail Shopping Center For Sale
Property size:
19,350 SFLot size:
0.44 AcresPrice / SF:
$222/SF- Added:
- Feb 10, 2025
- Days on Market:
- 512
- Last Refresh:
- Mar 16 at 9:06 am
Property Features for 1911 W Garden Street
General Information
- Standard status
- Active
- Property type
- Shopping centers, Other retail properties, Individual retail properties, Retail properties & Spaces
- Size
- 19,350 SF
- Class
- A
- Total Parking Spaces
- 89
- Elevators
- N/A
- Lot size
- 0.44 Acres
Building Details
- Year Built
- 2018
- Buildings
- 1
- Stories
- 1
- Units
- 12
Listing agent Paul (850) 564-0120
Listing office (850) 564-0120
Listing date Feb 10, 2025
Overview
This 12-unit retail shopping center, encompassing 19,350 square feet, is located in Pensacola, Florida. Situated on a 0.44 acre lot, the property is one of three currently available for sale. The center offers 12 individual retail units, providing a diverse tenant mix potential. This property is ideal for investors seeking a strong foothold in the thriving Pensacola retail market.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $348.3k | $18.00 |
| − Vacancy | −$35.9k | −$1.85 |
| EGI | $312.4k | $16.15 |
| − OpEx | −$93.7k | −$4.84 |
| NOI | $218.7k | $11.30 |
19,350 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.12M
$2.73M – $3.64M
NOI $218,698 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.68M
$4.97M – $6.63M
NOI $397,528 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Shopping centers
Similar Places Nearby
- Cordova Square — 220 S Palafox St, Pensacola, FL 32502
- The Garden at Palafox + Main — 501 S Palafox St, Pensacola, FL 32502
- One Palafox Place Llc — 3 W Garden St Suite 210, Pensacola, FL 32502
Location Insight
- Map
- Local Demand
- City
- Pensacola
- County
- Escambia
- State
- Florida
- Longitude
- -87.2168
- Latitude
- 30.4213
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - 19,350 SF / 12 Unit Retail Shopping Center For Sale
Where is this shopping center located?
The property is located at 1911 W Garden Street Pensacola, FL.
What is the asking price?
The asking price for this property is $4,300,000.
