655 W Garden St, Pensacola, FL
Office and retail buildings with flexible layouts in Pensacola, FL.
- Added:
- Mar 27, 2024
- Days on Market:
- 804
- Last Refresh:
- May 19 at 8:36 pm
Property Features for 655 W Garden St
General Information
- Standard status
- Active
- Size
- 8,246 SF
- Lot size
- 0.40 Acres
- Property subtype
- OFFICE
Listing agent G. Jeff White (850) 712-6003
Listing office Connell & Company Realty (850) 712-6003
Listing date Mar 27, 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 Connell & Company Realty
HighLights
- Multiple Buildings: Includes three separate buildings offering diverse usage possibilities.
- Substantial Square Footage: Over 8,246 SF of rentable area across all buildings.
- Modern Addition: Building 635 features a 2015 addition with four classrooms and two restrooms.
- Multiple Offices and Conference Rooms: Buildings 655 and 635 offer numerous private offices, open work areas, and a large conference room.
- High Ceilings: Buildings 655 and 635 feature 9' ceilings.
- Ample Restrooms: A total of 8 restrooms are available across all buildings.
Overview
Local Financial Insights For Office B
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 | $206.8k | $25.08 |
| − Vacancy | −$21.4k | −$2.59 |
| EGI | $185.4k | $22.49 |
| − OpEx | −$46.4k | −$5.62 |
| NOI | $139.1k | $16.87 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Pensacola
- County
- Escambia
- State
- Florida
- Longitude
- -87.2242
- Latitude
- 30.411