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    Downtown Pensacola Class A Office Title is generated by Realmo AI

    125 W Romana St, Pensacola, FL 32502

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    For Lease
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    Turnkey office space in premier downtown tower available for sublease.

    Type:OFFICE
    Property size:
    2,186 SF
    Lot size:
    3.21 Acres
    Added:
    Nov 28, 2023
    Days on Market:
    905
    Last Refresh:
    Apr 5 at 8:18 pm

    Property Features for 125 W Romana St

    General Information

    Standard status
    Active
    Size
    2,186 SF
    Lot size
    3.21 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 125 W Romana St Contact us

    We can help!

    Listing Contact
    Stacy Taylor, CCIM, SIOR

    Listing agent Stacy Taylor, CCIM, SIOR

    Listing office Stirling | Pensacola

    Listing date Nov 28, 2023

    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 Stirling | Pensacola

    HighLights

    • Turnkey Class A office space (2,186 SF) ready for immediate occupancy.
    • Prime location in One Pensacola Plaza, Downtown Pensacola's premier office tower.
    • Seven (7) free parking spaces included.
    • Sublease term through October 31, 2027 (longer term possible).
    • Professionally designed suite with private offices, conference room, open workspace, and kitchenette.
    • Full‑service lease with all major operating expenses included.

    Overview

    Available for sublease is a 2,186 square feet Class "A" office space located in One Pensacola Plaza, situated in Downtown Pensacola’s Central Business District. The professionally designed suite features private offices, a conference room, an open workspace with cubicles, a kitchenette, and a storage area, along with a dedicated filing/work area. The location provides access to dining, retail, and government services. The sublease term extends through October 31, 2027, with the possibility of a longer term subject to landlord consent. The space includes a reception area and two private offices. Seven parking spaces are included for the sublease duration. Office furniture may be included as part of the lease. The space is turnkey and ready for immediate occupancy. The full-service lease includes all major operating expenses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    US Drug Enforcement ... Federal Government Office Transamerica Agency Network Insurance Agency New York Life ... Financial Advisor Sandra Murr Starr, ... Insurance Agency Movement Mortgage Bank

    Suggested Use

    Restaurant Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Law Firm Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.2173
    Latitude
    30.4103

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    FAQs

    What type of property is this?
    Office units - Turnkey office space in premier downtown tower available for sublease.
    Where is this office units located?
    The property is located at 125 W Romana St Pensacola, FL.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: Turnkey Class A office space (2,186 SF) ready for immediate occupancy.; Prime location in One Pensacola Plaza, Downtown Pensacola's premier office tower.; Seven (7) free parking spaces included.
    (404) 936-8936 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Stacy Taylor, CCIM, SIOR
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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