Mixed-Use Investment
1417 W Cervantes St Pensacola, FL 32501
1417 W Cervantes St, Pensacola, FL, 32501
$1,295,000
For Sale
$1,295,000
Mixed-use property with retail and warehouse components in Pensacola, FL.
Property Size14,394 SF
Price / SF$89.97
Days on Market114
Property Features for 1417 W Cervantes St
General Information
- Standard status
- Active
- Size
- 14,394 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1959
Listing agency
SVN | Southland Commercial Real Estate
(850) 380-3344
Listed by
Michael Carro, CCIM · License #FL #BK3179263
(850) 380-3344
Source
Southlandcommercial
Added: Apr 1 Updated: Jul 10 at 1:15PM Checked: Jul 22 at 4:50AM
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 SVN | Southland Commercial Real Estate
Investment Insights
Based on property information with market context.
This mixed-use investment opportunity, suitable for both owner-operators and investors, features a total of 14,394 square feet across four rentable spaces, offering both retail and warehouse components. The property is anchored by a retail tenant, St. Vincent de Paul, who has been in place since 2012, providing established occupancy and a consistent income history. The asset is positioned along the highly traveled Cervantes corridor, offering strong visibility and convenient access. The property benefits from steady traffic counts and proximity to Downtown Pensacola. The multi-flex building includes a warehouse with a loading dock and a 16' eave height, as well as a lay-down area. This property provides diversified tenancy, functional warehouse space, and long-term upside in one of Pensacola’s primary east-west commercial corridors.
Key Highlights
- Long‑term retail tenant (St. Vincent de Paul) in place since 2012, providing established occupancy and consistent income.
- Located on the highly traveled Cervantes corridor with strong visibility and convenient access.
- Multi‑tenant building with diversified tenancy across four rentable spaces.
Local Financial Insights For Warehouse
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 | $143.4k | $9.96 |
| − Vacancy | −$14.0k | −$0.98 |
| EGI | $129.3k | $8.98 |
| − OpEx | −$19.4k | −$1.35 |
| NOI | $109.9k | $7.64 |
14,394 SF · lease $9.96/SF/yr · vacancy 9.80% · expense 15.00%
Alternative Uses
Best Use
Mixed Use
$2.44M
$2.14M – $2.85M
NOI $171,001 @ 7.0% cap · market cap 13.20%
Second Best
Retail
$2.32M
$2.03M – $2.71M
NOI $162,684 @ 7.0% cap · market cap 12.56%
Theoretical Best
Office A
$4.22M
$3.70M – $4.93M
NOI $295,711 @ 7.0% cap · market cap 22.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
St. Vincent DePaul ...
Discount Store
StormTech Shutter Systems ...
Hardware & Home Improvement
Anilox Cleaning System
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with retail and warehouse components in Pensacola, FL.
Where is this mixed-use property located?
The property is located at 1417 W Cervantes St Pensacola, FL.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Long‑term retail tenant (St. Vincent de Paul) in place since 2012, providing established occupancy and consistent income.; Located on the highly traveled Cervantes corridor with **strong visibility and convenient access.**; Multi‑tenant building with diversified tenancy across four rentable spaces.
