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    119-119 N Palafox St Pensacola, FL 32502

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    For Lease
    $6,900 /Mo ($23 SF/Yr)

    Charming, historic office building in the heart of downtown.

    Property size:
    3,600 SF
    Lot size:
    0.15 Acres

    Property Features for 119-119 N Palafox St

    General Information

    Size
    3,600 SF
    Lot size
    0.15 Acres

    Source: DeVries Realty Group, LLC Agent Logan DeVries, CCIM, CPM, MiCP

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Palafox Street Office Space

    This office space is located in a charming, historic building in downtown Pensacola. The layout includes a lobby/reception area, seven private offices (mostly with windows), a conference room, a copy room, a large break room, and two restrooms. Storage is available in closets. A hallway features a formerly exposed exterior brick wall with a Coca-Cola emblem. The property offers street parking directly in front of the building. The space is suitable for a professional business seeking a downtown location. The property size is 3,600 square feet.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.2163661
    Latitude
    30.4146838

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    FAQs

    What type of property is this?
    Office space - Charming, historic office building in the heart of downtown.
    Where is this office space located?
    The property is located at 119-119 N Palafox St Pensacola, FL.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: - Prime downtown Palafox Street location.; - Historic building with a unique Coca-Cola emblem exposed brick wall.; - Seven private offices, most with windows.
    (850) 501-6868
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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

    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.

    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
    119-119 N Palafox St Pensacola, FL 32502
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