Single-Story Office Building with
For Sale
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1200 Mahogany Mill Rd, Pensacola, FL 32507
Well-maintained 1,125 SF office building zoned HC/LI with three private offices and a large conference room.
Property Size1,125 SF
Price / SF$293.33
Days on Market204
Property Features for 1200 Mahogany Mill Rd
General Information
Standard status
Active
Size
1,125 SF
Property subtype
Office
Zoning
HC/LI
Building Details
Year Built
1985
Buildings
1
Stories
1
Building Size
1,125 SF
Listing Agency:
Stirling Properties, LLC
Listed By:
Thomas McVoy · License #FL SL3324441
(850) 516-2208
Source:
Crexi
Added: Apr 14
Changed: Oct 26
Last Checked: Nov 3 at 6:01AM
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 Stirling Properties, LLC
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Investment Insights
Based on property information with market context.
This well-maintained 1,125 SF office building was constructed in 1985 and is set up for professional office use. The interior includes three private offices, a large conference room, a reception area, plus a kitchen and restroom. A metal shed measuring 8x10 is included, along with yard space located behind the building that can support additional parking or storage.
Zoned HC/LI, the property offers flexibility for an office user and may also be of interest for office or office building development. It’s positioned in the Pensacola area at 1200 Mahogany Mill Rd (Pensacola, FL 32507).
Zoned HC/LI, the property offers flexibility for an office user and may also be of interest for office or office building development. It’s positioned in the Pensacola area at 1200 Mahogany Mill Rd (Pensacola, FL 32507).
Key Highlights
- 1,125 SF office building constructed in 1985
- Zoned HC/LI
- Three private offices plus large conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,973
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,460
$379.5K
Cap Rate 7%
$271,043
$271.0K
Cap Rate 9%
$210,811
$210.8K
Market Conditions
NOI Build-Up for 1,125 SF
Gross rent
$28.2K $25.08/SF
− Vacancy
−$2.9K −$2.59/SF
EGI
$25.3K $22.49/SF
− OpEx
−$6.3K −$5.62/SF
NOI
$19.0K $16.87/SF
Area
Escambia County, FL
Vacancy
10.34%
Lease Rate
$25.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,460
Cap Rate 7%
$271,043
Cap Rate 9%
$210,811
Alternative Uses
Best Use
Office B
$271.0K
$237.2K – $316.2K
NOI $18,973 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$330.2K
$288.9K – $385.2K
NOI $23,112 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
250
Businesses Nearby
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Business Placement
Demographics for 32507, FL
31,215
Population
19,131
Households
1.6
Avg Household Size
44
Median Age
32%
College-Educated
91%
High-School Grad
27.9 sq mi
ZIP Area
1,119
Density / Sq Mi
$69,802
Median Household Income
$38,000
Median Earnings
$1,238
Median Rent
$267,100
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Well-maintained 1,125 SF office building zoned HC/LI with three private offices and a large conference room.
Where is this office building located?
The property is located at 1200 Mahogany Mill Rd Pensacola, FL.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 1,125 SF office building constructed in 1985; Zoned HC/LI; Three private offices plus large conference room
