Versatile Property Near I-10
For Sale
Contact for pricing
1860 Atwood Drive, Pensacola, FL 32514
One-acre property with office/flex building and storage, ideal for development.
Property Size832 SF
Price / SF$323.32
Days on Market323
Property Features for 1860 Atwood Drive
General Information
Standard status
Active
Size
832 SF
Class
C
Property subtype
Office, Mixed Use, Land
Zoning
COM
Building Details
Buildings
2
Units
1
Listing Agency:
Alliance Real Estate
Listed By:
Matt Hamilton · License #FL - SL3633622
(850) 393-9455
Source:
Crexi
Added: Nov 24, 2025
Changed: Sep 9
Last Checked: Oct 12 at 8:42PM
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 Alliance Real Estate
Investment Insights
Based on property information with market context.
Located on a quiet cul-de-sac seconds from the I-10 Davis Highway interchange, 1860 Atwood Drive presents a one-acre opportunity suitable for residential development, rental investment, or business expansion. The site features an 832-square-foot office/flex building with three rooms, a kitchen, and a bath, making it suitable as an office, rental unit, or project headquarters. Additionally, a two-bay storage building provides space for equipment, vehicles, or future conversion. Recent upgrades include a new roof. The land includes well-developed oak trees and a large laydown yard ready for parking, storage, or redevelopment. With Escambia County Commercial Zoning (Sec. 3-2.10) in place, the property offers flexibility of use and long-term value-add potential, positioning it for growth and success whether for a residential buildout, income-producing rental, or a business home base.
Key Highlights
- 1‑acre property on a quiet cul‑de‑sac with commercial zoning offering flexibility for residential, rental, or business use.
- Prime location with easy access to I‑10 Davis Highway interchange, balancing privacy and accessibility.
- Includes an 832 SF office/flex building with three rooms, kitchen, and bath, suitable for various purposes.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,426
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$188,520
$188.5K
Cap Rate 7%
$134,657
$134.7K
Cap Rate 9%
$104,733
$104.7K
Market Conditions
NOI Build-Up for 832 SF
Gross rent
$16.2K $19.44/SF
− Vacancy
−$1.7K −$2.01/SF
EGI
$14.5K $17.43/SF
− OpEx
−$5.1K −$6.10/SF
NOI
$9.4K $11.33/SF
Area
Escambia County, FL
Vacancy
10.34%
Lease Rate
$19.44 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$188,520
Cap Rate 7%
$134,657
Cap Rate 9%
$104,733
Alternative Uses
Best Use
Flex RnD
$134.7K
$117.8K – $157.1K
NOI $9,426 @ 7.0% cap · market cap 3.50%
Second Best
Industrial
$67.0K
$58.6K – $78.2K
NOI $4,691 @ 7.0% cap · market cap 1.74%
Theoretical Best
Office A
$244.2K
$213.7K – $284.9K
NOI $17,093 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
659
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32514, FL
40,844
Population
19,117
Households
2.1
Avg Household Size
39
Median Age
33%
College-Educated
91%
High-School Grad
19.8 sq mi
ZIP Area
2,063
Density / Sq Mi
$66,484
Median Household Income
$36,178
Median Earnings
$1,358
Median Rent
$241,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Olive Catering — 1836 E Olive Rd, Pensacola, FL 32514
Frequently Asked Questions
What type of property is this?
Flex space - One-acre property with office/flex building and storage, ideal for development.
Where is this flex space located?
The property is located at 1860 Atwood Drive Pensacola, FL.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: 1‑acre property on a quiet cul‑de‑sac with commercial zoning offering flexibility for residential, rental, or business use.; Prime location with easy access to I‑10 Davis Highway interchange, balancing privacy and accessibility.; Includes an 832 SF office/flex building with three rooms, kitchen, and bath, suitable for various purposes.
