Commercial Lot with Existing
For Sale
$275,000
1860 Atwood Dr, Pensacola, FL 32514
1 ACRE IMPROVED COMMERCIAL SITE NE PENSACOLA For Sale
Property Size1,832 SF
Lot Size1.01 Acres
Price / SF$150.11
Days on Market606
Property Features for 1860 Atwood Dr
General Information
Standard status
Active
Property type
Commercial land, Residential land & home lots, Other mixed-use properties, Land, Mixed-use properties
Size
1,832 SF
Net Rentable
1,832 SF
Elevators
N/A
Lot size
1.01 Acres
Building Details
Year Built
1939
Year Renovated
1944
Buildings
1
Stories
1
Listed By:
Paul Salter
(850) 564-0120
Added: Feb 10, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
This 1.0095-acre commercial property is located near the intersection of N Davis Highway and I-10, providing access to the Pensacola market. The mostly cleared lot is partially fenced and includes existing improvements, consisting of an 832-square-foot home office and a garage exceeding 1000 square feet. The commercial zoning allows for a range of uses, making it suitable for service contractors, retail businesses, or other enterprises requiring access to major transportation routes. The site also presents long-term development potential and could be used for a townhome or multi-family residential development. The property includes 1832 square feet of property size.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,764
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$435,280
$435.3K
Cap Rate 7%
$310,914
$310.9K
Cap Rate 9%
$241,822
$241.8K
Market Conditions
NOI Build-Up for 1,832 SF
Gross rent
$39.6K $21.60/SF
− Vacancy
−$4.7K −$2.59/SF
EGI
$34.8K $19.01/SF
− OpEx
−$13.1K −$7.13/SF
NOI
$21.8K $11.88/SF
Area
Escambia County, FL
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$435,280
Cap Rate 7%
$310,914
Cap Rate 9%
$241,822
Alternative Uses
Best Use
Mixed Use
$310.9K
$272.1K – $362.7K
NOI $21,764 @ 7.0% cap · market cap 7.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$537.7K
$470.5K – $627.3K
NOI $37,637 @ 7.0% cap · market cap 13.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
672
Businesses Nearby
Explore this area
Business Placement
Demographics for 32514, FL
40,844
Population
19,117
Households
2.1
Avg Household Size
39
Median Age
33%
College-Educated
91%
High-School Grad
19.8 sq mi
ZIP Area
2,063
Density / Sq Mi
$66,484
Median Household Income
$36,178
Median Earnings
$1,358
Median Rent
$241,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Commercial land - 1 ACRE IMPROVED COMMERCIAL SITE NE PENSACOLA For Sale
Where is this commercial land located?
The property is located at 1860 Atwood Dr Pensacola, FL.
What is the asking price?
The asking price for this property is $275,000.
