Medical Office Investment
6160 North Davis Highway Pensacola, FL 32504
6160 North Davis Highway, Pensacola, FL, 32504
$1,045,000
For Sale
$1,045,000
Medical office space for sale with national tenant.
Property Size4,250 SF
Price / SF$245.88
Days on Market517
Property Features for 6160 North Davis Highway
General Information
- Standard status
- Active
- Size
- 4,250 SF
- Property subtype
- OFC-MED
Listing Agency
KW Commercial Phoenix/Glendale-Peoria
(480) 229-6999
Listed by
Andrew Ostrander · License #SA025914000
(480) 229-6999
Source
Realnex
Added: Feb 17, 2025 Checked: Jul 6 at 12:15 pm
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 KW Commercial Phoenix/Glendale-Peoria
Investment Insights
Based on property information with market context.
Located in Pensacola, Florida, this property is part of the Heritage Medical Park. Suites 11 and 12 are occupied by OptumServeHealth Services, a national medical tenant. The space comprises 4,250 square feet. The current lease extends through November 2027 and includes annual rent increases of 3.5%. The lease also contains one 5-year renewal option. This property offers a potential long-term investment opportunity with a capitalized rate of 7.01%.
Key Highlights
- High‑quality national medical tenant (OptumServe Health Services) provides stability.
- Attractive 7.01% capitalization rate (Cap).
- Lease expiring November 2027 ensures consistent income.
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 | $106.6k | $25.08 |
| − Vacancy | −$11.0k | −$2.59 |
| EGI | $95.6k | $22.49 |
| − OpEx | −$23.9k | −$5.62 |
| NOI | $71.7k | $16.87 |
4,250 SF · lease $25.08/SF/yr · vacancy 10.34% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.02M
$896.0K – $1.19M
NOI $71,676 @ 7.0% cap · market cap 6.86%
Second Best
Healthcare Medical
$819.2K
$716.8K – $955.7K
NOI $57,341 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,312 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
heritage medical park
Medical Clinic
Edwin E. Yee, ...
Dental Office
Allergy & Asthma Center-Nw: ...
Dental Office
Edward Jones - Financial ...
Financial Advisor
Dr. Vishnu N. ...
Physician
Similar For Sale Nearby
Similar Off Market Nearby
- Banfield Pet Hospital — 6251 N Davis Hwy, Pensacola, FL 32504
- Dr. Raina Perez — 820 Creighton Rd, Pensacola, FL 32504
- Safe Harbor Animal Hospital — 820 Creighton Rd, Pensacola, FL 32504
- Mckerley Nathaniel DVM — 820 Creighton Rd, Pensacola, FL 32504
FAQs
What type of property is this?
Medical Office Space - Medical office space for sale with national tenant.
Where is this medical office space located?
The property is located at 6160 North Davis Highway Pensacola, FL.
What is the asking price?
The asking price for this property is $1,045,000.
What are key features of this property?
This property features: High‑quality national medical tenant (OptumServe Health Services) provides stability.; Attractive 7.01% capitalization rate (Cap).; Lease expiring November 2027 ensures consistent income.
