Pensacola Warehouse with Residential
For Sale
$419,000
2525 Truman Ave, Pensacola, FL 32505
5,500 SF Industrial Building For Sale
Property Size5,500 SF
Lot Size0.51 Acres
Price / SF$76.18
Days on Market618
Property Features for 2525 Truman Ave
General Information
Standard status
Active
Property type
Warehouses, Other industrial properties, Other retail properties, Industrial properties, Retail properties & Spaces
Size
5,500 SF
Net Rentable
2,508 SF
Elevators
N/A
Lot size
0.51 Acres
Building Details
Buildings
2
Stories
1
Listed By:
Paul Salter
(850) 564-0120
Added: Feb 6, 2025
Changed: Mar 16
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Pensacola, FL property presents an investment opportunity, featuring a renovated 2,500 sq ft residential home and a 3,000 sq ft industrial warehouse. The combined building size is 5,500 square feet. The home is currently rented on a month-to-month basis, providing rental income. Constructed in 2020, the warehouse includes 12-foot ceilings and three drive-in doors. Ample on-site parking is available, with 18-wheeler access. Security features include surveillance cameras, an alarm system, and coded doors. A new fence has been installed. The property is situated on a 0.51-acre lot zoned HDMU, which allows for diverse commercial uses. The warehouse offers 3,000 square feet of space suitable for storage, manufacturing, or other industrial applications.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,012
Cap Rate
7.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,240
$620.2K
Cap Rate 7%
$443,029
$443.0K
Cap Rate 9%
$344,578
$344.6K
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$49.5K $9.00/SF
− Vacancy
−$5.2K −$0.95/SF
EGI
$44.3K $8.06/SF
− OpEx
−$13.3K −$2.42/SF
NOI
$31.0K $5.64/SF
Area
Escambia County, FL
Vacancy
10.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,240
Cap Rate 7%
$443,029
Cap Rate 9%
$344,578
Alternative Uses
Best Use
Retail
$888.0K
$777.0K – $1.04M
NOI $62,162 @ 7.0% cap · market cap 14.84%
Second Best
Warehouse
$600.0K
$525.0K – $700.0K
NOI $42,000 @ 7.0% cap · market cap 10.02%
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,992 @ 7.0% cap · market cap 26.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
383
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32505, FL
28,671
Population
12,278
Households
2.3
Avg Household Size
36
Median Age
14%
College-Educated
82%
High-School Grad
13.0 sq mi
ZIP Area
2,205
Density / Sq Mi
$41,039
Median Household Income
$27,950
Median Earnings
$1,053
Median Rent
$120,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Maxi-Warehouses And Offices — Brent, FL 32505
- Coastal Moving & Storage — 4321 North W Street, Pensacola, FL 32505
Frequently Asked Questions
What type of property is this?
Warehouse - 5,500 SF Industrial Building For Sale
Where is this warehouse located?
The property is located at 2525 Truman Ave Pensacola, FL.
What is the asking price?
The asking price for this property is $419,000.
