Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    3223 Sandy Ln Pensacola, FL 32526

    View on Map
    Picture of Other industrial properties at 3223 Sandy Ln, Pensacola, FL
    For Lease
    $1,500 /Mo

    1,305 SF Renovated Storage/Workshop/Industrial For Lease

    Added:
    Mar 19, 2025
    Days on Market:
    414
    Last Refresh:
    Mar 16 at 9:05 am

    Property Features for 3223 Sandy Ln

    General Information

    Standard status
    Active
    Property type
    Other industrial properties, Self storage facilities, Flex space, Industrial properties
    Elevators
    N/A
    Lease Type
    Gross
    Rate Type
    Monthly

    Building Details

    Year Built
    2006
    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Paul Salter

    Listing agent Paul License #FL BK3105171

    Listing office Salter Company

    Listing date Mar 19, 2025

    Overview

    Renovated Industrial Space For Lease

    This renovated industrial space offers 1,305 square feet suitable for use as a storage facility, workshop, or flex space. Recent improvements include a new roof and upgraded electrical systems. A 15-foot roll-up door provides convenient access, complemented by additional entry doors. The space is available for lease on a gross lease basis at a monthly rate of $1,500, with a negotiable lease term. The property is located in Pensacola, Florida. The usable square footage mirrors the rentable square footage at 1305 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.231952
    Latitude
    30.465932

    Nearby Similar for Lease

    • Contact for pricing

      Functional Warehouse Space For Lease

      4,500 SF warehouse with office space near Highway 29.
      8670 Fowler Avenue Building C1, Pensacola, FL 32534
      View Details
    • Contact for pricing

      Functional Warehouse Space For Lease

      4,500 SF warehouse with office space near Highway 29.
      8670 Fowler Avenue Building C1, Pensacola, FL 32534
      View Details
    • Contact for pricing

      New Industrial Space with Office

      New construction industrial space with office in Pensacola, Florida.
      3375 Copter Rd., Pensacola, FL 32514
      View Details
    • Contact for pricing

      New Industrial Space with Offices

      New industrial spaces with offices and convenient highway access.
      3375 Copter Rd., Pensacola, FL 32514
      View Details
    • Contact for pricing

      Redevelopment Opportunity on West Main

      Redevelopment-ready stand-alone building on rapidly expanding West Main corridor.
      1180 W. Main Street, Pensacola, FL 32501
      View Details
    • Contact for pricing

      Functional Industrial Facility with Office

      7,698± SF industrial facility with warehouse and office space.
      2370 N Palafox St, Pensacola, FL 32501
      View Details
    • $26 SF/Yr

      Turnkey Restaurant Space For Lease

      Fully built-out restaurant space available for immediate occupancy in Pensacola.
      7700 West Fairfield Dr, Unit Pensacola, Pensacola, FL 32506
      View Details
    • $240 SF/Yr

      2525 N Palafox St, Pensacola, FL

      1,350 SF office space for lease on N. Palafox Street.
      2525 N Palafox St, Pensacola, FL 32501
      View Details
    • $15 SF/Yr

      3507 N Pace Blvd, Pensacola, FL

      Freestanding retail/restaurant property with drive-thru on a major commercial corridor.
      3507 N Pace Blvd, Pensacola, FL 32505
      View Details
    • Contact for pricing

      Retail/Commercial Building on Pace Blvd

      9,100 SF retail/commercial building with excellent loading and distribution.
      1717 N Pace Blvd, Pensacola, FL 32505
      View Details
    • Contact for pricing

      Downtown Pensacola Office Space Available

      Office space in downtown Pensacola, near I-110 entrance.
      14 W Jordan Street Suite 130, Pensacola, FL 32503
      View Details
    • $6,465/Mo

      Functional Industrial Facility on Palafox

      7,698 SF industrial facility with warehouse and office space for lease.
      2370 N Palafox St, Pensacola, FL 32501
      View Details

    FAQs

    What type of property is this?
    Industrial property - 1,305 SF Renovated Storage/Workshop/Industrial For Lease
    Where is this industrial property located?
    The property is located at 3223 Sandy Ln Pensacola, FL.
    What is the lease rate?
    The lease rate is $1,500 /Mo.
    (850) 438-9647
    We can help!
    Listing Contact
    Paul Salter
    Real Estate License ID: FL BK3105171
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    3223 Sandy Ln, Pensacola, FL 32526
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!