3391 N Pace Blvd, Pensacola, FL
Freestanding renovated retail building with parking and security features.
- Added:
- Jan 8, 2024
- Days on Market:
- 882
- Last Refresh:
- May 20 at 8:46 pm
Property Features for 3391 N Pace Blvd
General Information
- Standard status
- Active
- Size
- 3,840 SF
- Lot size
- 0.31 Acres
- Property subtype
- RETAIL
Listing agent Robert "Beau" Vignes (850) 776-5354
Listing office Neal & Company, LLC (850) 776-5354
Listing date Jan 8, 2024
Source Moodyscre
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 Neal & Company, LLC
HighLights
- Recently renovated free‑standing building suitable for various uses.
- Excellent advertising potential with pylon signage on the building and road.
- Ample parking available.
- High traffic location with 13,900 daily auto traffic on Pace Blvd.
- Enhanced security with fenced back/side yard and two built‑in safes.
- Multiple room/office configurations and two restrooms.
Overview
Local Financial Insights For Retail
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 | $69.1k | $18.00 |
| − Vacancy | −$7.1k | −$1.85 |
| EGI | $62.0k | $16.15 |
| − OpEx | −$18.6k | −$4.84 |
| NOI | $43.4k | $11.30 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Pensacola
- County
- Escambia
- State
- Florida
- Longitude
- -87.2401
- Latitude
- 30.4469
