Downtown Pensacola Class A
For Sale
Contact for pricing
25 W Cedar St, Pensacola, FL 32502
Premier waterfront office building with scenic views in downtown Pensacola.
Property Size69,213 SF
Lot Size0.46 Acres
Price / SF$202.27
Days on Market1374
Property Features for 25 W Cedar St
General Information
Standard status
Active
Size
69,213 SF
Lot size
0.46 Acres
Property subtype
OFFICE
Listing Agency:
Bellcore Commercial LLC
(850) 240-0527
Listed By:
Harry Bell · License #BK3026917
(850) 240-0527
Source:
Moodyscre
Added: Nov 2, 2022
Changed: Jul 6
Last Checked: Jul 21 at 8:43AM
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 Bellcore Commercial LLC
Investment Insights
Based on property information with market context.
This Class A office space is located in downtown Pensacola. Harbourview on the Bay is a waterfront office building offering views of Pensacola Bay, Palafox Pier Marina, and Plaza de Luna Park. The building includes approximately 69,000 square feet of commercial office space across 6 floors. It features a 74,000 square foot covered garage structure, providing a parking ratio of 4 spaces per 1,000 square feet. The building also has 2 elevators and shared bathrooms. The property is located near restaurants and social venues, as well as the Blue Wahoos Stadium, the theater and arts district, shopping, and other entertainment options.
Key Highlights
- Prime, Class A office space in Downtown Pensacola
- Premier waterfront location with scenic views of Pensacola Bay, Palafox Pier Marina, and Plaza de Luna Park
- Ample parking with a ratio of 4 spaces per 1,000 SF in a covered garage
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 | $1.74M | $25.08 |
| − Vacancy | −$179.5k | −$2.59 |
| EGI | $1.56M | $22.49 |
| − OpEx | −$389.1k | −$5.62 |
| NOI | $1.17M | $16.87 |
69,213 SF · lease $25.08/SF/yr · vacancy 10.34% · expense 25.00%
Alternative Uses
Best Use
Office B
$16.68M
$14.59M – $19.45M
NOI $1,167,280 @ 7.0% cap · market cap 8.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$20.31M
$17.77M – $23.70M
NOI $1,421,916 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,577
Businesses Nearby
Explore this area
Business Placement
Demographics for 32502, FL
4,277
Population
2,582
Households
1.7
Avg Household Size
46
Median Age
36%
College-Educated
92%
High-School Grad
2.7 sq mi
ZIP Area
1,584
Density / Sq Mi
$67,548
Median Household Income
$41,011
Median Earnings
$1,313
Median Rent
$229,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Premier waterfront office building with scenic views in downtown Pensacola.
Where is this office building located?
The property is located at 25 W Cedar St Pensacola, FL.
What is the asking price?
The asking price for this property is $14,000,000.
What are key features of this property?
This property features: Prime, Class A office space in Downtown Pensacola; Premier waterfront location with scenic views of Pensacola Bay, Palafox Pier Marina, and Plaza de Luna Park; Ample parking with a ratio of 4 spaces per 1,000 SF in a covered garage
