Versatile Office/Lab Space For
6851 North Palafox Street Pensacola, FL 32503
For Sale
$449,000
Renovated 3,029 SF building with office and shop space.
Property Size3,029 SF
Price / SF$148.23
Days on Market245
Property Features for 6851 North Palafox Street
General Information
- Standard status
- Active
- Size
- 3,029 SF
- Property subtype
- Office
Building Details
- Year Built
- 1988
Listing Agency:
(850) 232-2587
Listed By:
Robert Bell · License #FL #SL698346
(850) 232-2587
Source:
Bellcorecommercial
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Jul 23 at 3:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Robert Bell
Investment Insights
Based on property information with market context.
The property at 6851 North Palafox Street features a 3,029-square-foot building with a combination of office and lab/shop space. It is located on a 0.2682-acre corner lot with 150 feet of frontage on Palafox Street and 134 feet on Travis Street. The property has been recently renovated, including fresh exterior paint and a new roof installed in 2025. A 6' x 7' roll-up door provides access to the shop/lab area. The site is fully fenced for secure outdoor storage or equipment use. Zoned High Density Mixed-Use (HDMU), the property offers flexibility for a range of commercial users. The location is near Highway 29, making it suitable for businesses needing both office and light industrial capabilities. The property is located in Pensacola, FL, with access to the Pensacola Museum of Art, dining options, green spaces like Bayview Park, and major transportation routes.
Key Highlights
- Flexible 3,029 SF building with office and lab/shop space.
- High Density Mixed‑Use (HDMU) zoning allows for a range of commercial uses.
- Convenient location near Highway 29.
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.9k | $19.44 |
| − Vacancy | −$6.1k | −$2.01 |
| EGI | $52.8k | $17.43 |
| − OpEx | −$18.5k | −$6.10 |
| NOI | $34.3k | $11.33 |
3,029 SF · lease $19.44/SF/yr · vacancy 10.34% · expense 35.00%
Alternative Uses
Best Use
Office B
$729.8K
$638.6K – $851.4K
NOI $51,084 @ 7.0% cap · market cap 11.38%
Second Best
Flex RnD
$490.2K
$429.0K – $572.0K
NOI $34,317 @ 7.0% cap · market cap 7.64%
Theoretical Best
Office A
$889.0K
$777.9K – $1.04M
NOI $62,228 @ 7.0% cap · market cap 13.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Suncoast Dental Laboratory
Dental Office
FAQs
What type of property is this?
Office units - Renovated 3,029 SF building with office and shop space.
Where is this office units located?
The property is located at 6851 North Palafox Street Pensacola, FL.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Flexible 3,029 SF building with office and lab/shop space.; High Density Mixed‑Use (HDMU) zoning allows for a range of commercial uses.; Convenient location near Highway 29.
