Single-Tenant Office
For Sale
Contact for pricing
17 S De Villiers St, Pensacola, FL 32502
Fully leased professional office property with multiple entrances, private offices, conference space, and dedicated employee amenities.
Property Size7,492 SF
Lot Size0.55 Acres
Price / SF$229.58
Days on Market141
Property Features for 17 S De Villiers St
General Information
Standard status
Active
Size
7,492 SF
Total Parking Spaces
28
Lot size
0.55 Acres
Property subtype
OFFICE
Occupancy
100%
Building Details
Year Built
1998
Buildings
1
Building Size
7,492 SF
Tenancy
Single
Owner Occupied
No
Listing Agency:
Beau Box Florida LLC
(850) 346-2266
Listed By:
Rachel Roberts · License #3293930
(850) 346-2266
Source:
Moodyscre
Added: Apr 13
Changed: Aug 30
Last Checked: Aug 30 at 2:15PM
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 Beau Box Florida LLC
Investment Insights
Based on property information with market context.
This 7,492-square-foot professional office building is fully leased to Children’s Home Society and was built in 1998. The interior includes 20 private offices, a reception area with a small lobby, a large conference or private workspace, and an open work area with natural light and high ceilings. Four separate entrances support distinct access for clients, visitors, and employees. The building also contains four restrooms, including one with a private shower, along with a centrally positioned lounge and break area.
The property occupies 0.55 acres and provides 28 parking spaces. Its lease began on 2/1/21 and runs through 1/31/24, with an exercised renewal term extending from 2/1/24 through 1/31/29.
The property occupies 0.55 acres and provides 28 parking spaces. Its lease began on 2/1/21 and runs through 1/31/24, with an exercised renewal term extending from 2/1/24 through 1/31/29.
Key Highlights
- 7,492‑square‑foot professional office building on 0.55 acres
- Fully leased to Children’s Home Society
- 20 private offices plus a large conference or private workspace
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$126,353
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,527,060
$2.5M
Cap Rate 7%
$1,805,043
$1.8M
Cap Rate 9%
$1,403,922
$1.4M
Market Conditions
NOI Build-Up for 7,492 SF
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.
Gross rent
$187.9K $25.08/SF
− Vacancy
−$19.4K −$2.59/SF
EGI
$168.5K $22.49/SF
− OpEx
−$42.1K −$5.62/SF
NOI
$126.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,527,060
Cap Rate 7%
$1,805,043
Cap Rate 9%
$1,403,922
Alternative Uses
Best Use
Office B
$1.81M
$1.58M – $2.11M
NOI $126,353 @ 7.0% cap · market cap 7.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.20M
$1.92M – $2.57M
NOI $153,916 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,112
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Fully leased professional office property with multiple entrances, private offices, conference space, and dedicated employee amenities.
Where is this office building located?
The property is located at 17 S De Villiers St Pensacola, FL.
What is the asking price?
The asking price for this property is $1,720,000.
What are key features of this property?
This property features: 7,492‑square‑foot professional office building on 0.55 acres; Fully leased to Children’s Home Society; 20 private offices plus a large conference or private workspace
