Pensacola Industrial Property with
For Sale
$950,000
4215 N P street, Pensacola, FL 32505
"P" St - HC/LI - 3 warehouses, new office, + residence - 1.5 acres For Sale
Property Size5,529 SF
Lot Size1.55 Acres
Price / SF$171.82
Days on Market605
Property Features for 4215 N P street
General Information
Standard status
Active
Property type
Distribution properties, Warehouses, Other office properties, Industrial properties, Office Spaces
Size
5,529 SF
Net Rentable
5,529 SF
Elevators
N/A
Lot size
1.55 Acres
Building Details
Buildings
5
Stories
1
Listed By:
Paul Salter
(850) 564-0120
Added: Feb 12, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
This Pensacola, Florida property offers an exceptional investment opportunity on 1.55 acres with 240 feet of road frontage. Located in Escambia County's industrial zone and zoned HC/LI, the site features three warehouses totaling 4100 square feet. These warehouses provide ample storage and are equipped with multiple roll-up doors. Additionally, there is a newly renovated office building with over 1400 square feet, including three private offices, an executive office with a full bath, a break area, and two additional bathrooms (one full, one half). The property also includes a residential house that is currently habitable, although some updates may be desired. The entire 5529 square foot site is secured by a six-foot fence, constructed with a combination of chain-link and privacy materials. Ample parking and a sizable lay-down yard are available. The property benefits from convenient access to major thoroughfares, including Pace Boulevard, Palafox Street, and W Street. This versatile property presents a unique blend of industrial and residential uses, making it ideal for owner-occupancy or investment.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,221
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$844,420
$844.4K
Cap Rate 7%
$603,157
$603.2K
Cap Rate 9%
$469,122
$469.1K
Market Conditions
NOI Build-Up for 5,529 SF
Gross rent
$55.1K $9.96/SF
− Vacancy
−$5.4K −$0.98/SF
EGI
$49.7K $8.98/SF
− OpEx
−$7.5K −$1.35/SF
NOI
$42.2K $7.64/SF
Area
Escambia County, FL
Vacancy
9.80%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$844,420
Cap Rate 7%
$603,157
Cap Rate 9%
$469,122
Alternative Uses
Best Use
Office B
$1.33M
$1.17M – $1.55M
NOI $93,247 @ 7.0% cap · market cap 9.82%
Second Best
Warehouse
$603.2K
$527.8K – $703.7K
NOI $42,221 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,588 @ 7.0% cap · market cap 11.96%
Zoning and permitted uses should be independently verified with authorities.
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
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Distribution property - "P" St - HC/LI - 3 warehouses, new office, + residence - 1.5 acres For Sale
Where is this distribution property located?
The property is located at 4215 N P street Pensacola, FL.
What is the asking price?
The asking price for this property is $950,000.
