Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5401 Corporate Woods Dr Pensacola, FL 32504

    View on Map
    Sponsored
    Source: https://www.saltercompany.com
    For Lease
    $16 SF/Yr ($11,960 /Mo)

    Prime Pensacola office space, ideal for large businesses.

    Lot size:
    8,970 SF

    Property Features for 5401 Corporate Woods Dr

    General Information

    Property type
    Other office properties
    Lease Type
    NNN
    RSF (Rentable sq. ft)
    8,970 SF
    USF (Usable sq. ft)
    8,970 SF
    Class
    C
    Elevators
    N/A
    Total Rate
    11960

    Amenities

    Building Details

    Year Built
    1986
    Buildings
    1
    Stories
    1

    Overview

    Pensacola Office Space For Lease

    This 8,970-square-foot office space is located in the Corporate Woods complex in Pensacola, Florida (zip code 32504). Situated on over 11 acres of landscaped grounds, the property is one block from Pensacola International Airport's main entrance, adjacent to Pensacola State College, and minutes from Sacred Heart Hospital and Cordova Mall. The building has a tenant roster that includes Florida Blue, Progressive Insurance, and West Florida Medical Center Clinic. The lease is a NNN (Triple Net) lease, meaning the tenant is responsible for a pro rata share of water, trash, sewer, taxes, insurance, and exterior maintenance. The annual rent is $16 per square foot, with an estimated additional cost of $4.25 per square foot. The usable square footage mirrors the rentable square footage at 8,970 square feet.

    We can help!

    Listing Contact
    Paul Salter

    Learn more

    Property Insight Report

    HighLights

    • 8,970 sq ft of upscale office space available for lease.
    • Prime Pensacola location, one block from Pensacola International Airport.
    • NNN lease; includes pro rata share of water, trash, sewer, taxes, insurance, and maintenance.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    IBM (Bike/Boat/Book/etc) Store Progressive Insurance - Claims ... Financial Advisor Frances Brown, APRN-C Physician Blake Doerr, PA-C Physician PT Solutions of Pensacola Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    State
    Florida
    Longitude
    -87.199944
    Latitude
    30.477321

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      FL, Pensacola – 545 Brent Lane

      Workspaces, services and support to help you work better in Frisco Square
      545 Brent Ln Pensadola, Pensacola, FL 32503
      View Details
    • New
      $15 SF/Yr

      3507 N Pace Blvd, Pensacola, FL

      Commercial real estate
      3507 N Pace Blvd, Pensacola, FL 32505
      View Details
    • New
      $1.75 SF/Yr

      8625 Gulf Beach Hwy

      Industrial properties
      8625 Gulf Beach Hwy, Pensacola, FL 32507
      View Details
    • New
      $20 SF/Yr

      314 S Navy Blvd, Pensacola, FL

      Commercial real estate
      314 S Navy Blvd, Pensacola, FL 32507
      View Details
    • $1.75 SF/Yr

      8625 Gulf Beach Hwy

      Industrial properties
      8625 Gulf Beach Hwy, Pensacola, FL 32507
      View Details
    • $26 SF/Yr

      7700 West Fairfield Dr, Unit pensacola

      Fully Built-Out Turnkey Restaurant Space Available for Lease
      7700 West Fairfield Dr, Pensacola, FL 32506
      View Details
    • $5,677 /Mo

      Pensacola Office/Medical Building For Lease

      High-visibility Pensacola office/medical building with flexible layout and ample parking.
      4850 North 9Th Avenue Ct, Pensacola, FL 32503
      View Details
    • $2,000 /Mo

      Pensacola Flex Space For Rent

      3,000 SF flex space near Hwy 29 and I-10.
      8670 Fowler Ave, Pensacola, FL 32534
      View Details
    • $700 /Mo

      Downtown Pensacola Executive Office Space

      Newly renovated executive and professional office spaces for rent.
      35 W Maxwell St, Pensacola, FL 32501
      View Details
    • $6,080 /Mo

      Pensacola Retail or Industrial Showroom

      Retail or industrial showroom with high ceilings and roll-up door.
      3706 North Pace Blvd, Pensacola, FL 32505
      View Details
    • $4,250 /Mo

      Downtown Pensacola Catering Kitchen

      Fully equipped commercial kitchen in downtown Pensacola for lease.
      214 W Intendencia St, Pensacola, FL 32502
      View Details
    • $1,500 /Mo

      Restaurant Opportunity at Osceola Golf

      Lease restaurant, bar, snack bar, and golf cart concessions.
      300 Tonawanda Dr, Pensacola, FL 32506
      View Details

    FAQs

    What type of property is this?
    Office property - Prime Pensacola office space, ideal for large businesses.
    Where is this office property located?
    The property is located at 5401 Corporate Woods Dr Pensacola, FL.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features:
    (850) 444-9994
    Request Owner's contact information
    5401 Corporate Woods Dr Pensacola, FL 32504
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5401 Corporate Woods Dr
    Pensacola, FL 32504
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    5401 Corporate Woods Dr Pensacola, FL 32504
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Paul Salter
    (850) 444-9994
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!