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    The Largest CRE Database in the US with Over 1 Million Listings

    25 W Cedar St Pensacola, FL 32502

    Sponsored
    Source: https://www.saltercompany.com
    For Lease
    $29 SF/Yr ($19,976 /Mo)

    Prime waterfront office space available.

    Lot size:
    8,266 SF

    Description

    Added:
    Mar 12, 2025
    Days on Market:
    318
    This exceptional 8,266 square foot office space, located on the mezzanine level of Harbourview on the Bay, offers a prestigious address in the heart of Downtown Pensacola. Situated in a premier waterfront building, this Class A space boasts stunning views of Pensacola Bay, Palafox Pier Marina, and Plaza de Luna Park. The building itself comprises approximately 69,000 square feet of commercial office space spread across six floors, and includes amenities such as a large covered garage, two elevators, and shared bathrooms. This specific unit is part of a larger 13,106 square foot space (including a 4,804 square foot first-floor unit) available in April 2024, with electricity included in the lease. The modified gross lease features a yearly rate of $29 per square foot. Enjoy unparalleled convenience with easy walking access to the vibrant downtown area, including a thriving restaurant scene, the Blue Wahoo Stadium, the theatre and arts district, shopping, and various entertainment options. This is the final available space in this highly sought-after location. Don't miss this opportunity to secure your business's future in one of Pensacola's most desirable addresses.

    Property Features for 25 W Cedar St

    General Information

    Property type
    Coworking space
    Lease Type
    Modified Gross
    RSF (Rentable sq. ft)
    8,266 SF
    USF (Usable sq. ft)
    8,266 SF
    Class
    A
    Total Parking Spaces
    300
    Elevators
    N/A
    Total Rate
    19976.17

    Building Details

    Buildings
    1
    Stories
    6

    We can help!

    Listing Contact
    Paul Salter

    Learn more

    Property Insight Report

    HighLights

    • 8,266 sq ft of prime Class A office space in downtown Pensacola.
    • Stunning waterfront views overlooking Pensacola Bay and city attractions.
    • Includes electricity and is available April 2024; last space available.
    Location Intelligence

    Current Use by Public Records

    Hometown Properties of the Gulf ... Property Management Company NOLA Lending Group, ... Mortgage Lender HDR Construction Company Ch2m Pensacola Civil Engineer Flores & Flores, P.A. Bookkeeping Service

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    State
    Florida
    Longitude
    -87.015927
    Latitude
    30.393361

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    FAQs

    What type of property is this?
    Coworking space - Prime waterfront office space available.
    Where is this coworking space located?
    The property is located at 25 W Cedar St Pensacola, FL.
    What is the lease rate?
    The lease rate is $29 SF/Yr.
    What are key features of this property?
    This property features: 8,266 sq ft of prime Class A office space in downtown Pensacola.; Stunning waterfront views overlooking Pensacola Bay and city attractions.; Includes electricity and is available April 2024; last space available.
    (850) 434-3434
    Request Owner's contact information
    25 W Cedar St Pensacola, FL 32502
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    Pensacola, FL 32502
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    Realmo Value Estimations

    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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    25 W Cedar St Pensacola, FL 32502
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    We can help!
    Listing Contact
    Paul Salter
    (850) 434-3434
    Learn more
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