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    5406 Lillian Hwy Pensacola, FL 32506

    Source: https://www.saltercompany.com
    For Lease
    $2,000 /Mo ($6 SF/Yr)

    Large Office Space, Flexible Lease Terms

    Lot size:
    3,496 SF

    Description

    Added:
    Mar 12, 2025
    Days on Market:
    271
    This 3,496 square foot office space, located at 5406 Lillian Hwy, Suite 5406 in Pensacola, Florida, presents a unique opportunity. Previously a YMCA, the property offers a mostly open floor plan, ideal for customization. Features include a dedicated office, ample storage, and restrooms. The space requires some renovations, including electrical rewiring and plumbing repairs. However, the landlord is willing to negotiate lease terms that incorporate the cost of these necessary improvements for a qualified tenant, making this a potentially cost-effective option. The lease is a NNN (Net, Net, Net) type, with a monthly rate of $2,000. The property is situated in Escambia County, Florida, zip code 32506. This versatile space is perfect for a business seeking a large, adaptable workspace with the potential for significant cost savings through landlord collaboration on renovations. The building offers substantial square footage, providing ample room for growth and expansion. Serious inquiries are encouraged. Contact us to discuss lease terms and renovation possibilities.

    Property Features for 5406 Lillian Hwy

    General Information

    Property type
    Other office properties
    Lease Type
    NNN
    RSF (Rentable sq. ft)
    3,496 SF
    USF (Usable sq. ft)
    3,496 SF
    Class
    C
    Elevators
    N/A
    Total Rate
    2000

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • Large 3,496 sq ft office space available for lease in Pensacola, FL.
    • NNN lease; monthly rent is $2000.
    • Former YMCA building with open space, office, storage, and restrooms.
    Location Intelligence

    Current Use by Public Records

    Myrtle Grove Head ... Preschool Myrtle Grove Family ... Non-Profit Organization

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    State
    Florida
    Longitude
    -87.172815
    Latitude
    30.634037

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    FAQs

    What type of property is this?
    Office property - Large Office Space, Flexible Lease Terms
    Where is this office property located?
    The property is located at 5406 Lillian Hwy Pensacola, FL.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: Large 3,496 sq ft office space available for lease in Pensacola, FL.; NNN lease; monthly rent is $2000.; Former YMCA building with open space, office, storage, and restrooms.
    (850) 433-5000
    Request Owner's contact information
    5406 Lillian Hwy Pensacola, FL 32506
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    Realmo Value Estimation

    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

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    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.

    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
    5406 Lillian Hwy Pensacola, FL 32506
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