Two-Story Professional Office
1940 Saint Mary Avenue Pensacola, FL 32501
1940 Saint Mary Avenue, Pensacola, FL, 32501
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For Sale
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Brick two-story office with reception, private offices, conference room, open work area, and on-site parking.
Property Size3,312 SF
Price / SF$211.05
Days on Market21
Property Features for 1940 Saint Mary Avenue
General Information
- Standard status
- Active
- Size
- 3,312 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1993
Listing agency
NAI Pensacola
Listed by
Margarette Johnson · License #SL3533745
Source
Crexi
Added: Jul 1 Updated: Jul 20 at 7:23PM Checked: Jul 20 at 7:23PM
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 NAI Pensacola
Investment Insights
Based on property information with market context.
1940 St. Mary Avenue is a well-maintained, two-story brick professional office building with a functional interior layout designed for office-based businesses. The first floor includes a reception area, a dedicated copy/work room, four private offices, and three restrooms, supporting both client-facing and day-to-day operations. The second floor features an additional conference room, two private offices, a large open cubicle/workspace area, and one restroom, providing a mix of meeting and flexible work space. The property is currently configured as a law office, while the floor plan is described as suitable for a range of professional office uses, including administrative and medical-office support functions.
The building presents a polished street presence with monument signage, an appealing traditional Southern/Creole-inspired exterior, dormer windows, and a metal roof. On-site parking and mature oak trees with attractive landscaping help create a shaded, park-like setting.
For owner-users or investors seeking a turnkey, established office asset, the property offers a balanced mix of private offices, collaborative workspace, meeting space, and supporting rooms across both floors.
The building presents a polished street presence with monument signage, an appealing traditional Southern/Creole-inspired exterior, dormer windows, and a metal roof. On-site parking and mature oak trees with attractive landscaping help create a shaded, park-like setting.
For owner-users or investors seeking a turnkey, established office asset, the property offers a balanced mix of private offices, collaborative workspace, meeting space, and supporting rooms across both floors.
Key Highlights
- Two‑story brick professional office building built in 1993 in Pensacola
- First floor includes reception area, copy/work room, four private offices, and three restrooms
- Second floor offers a conference room, two private offices, a large open cubicle/workspace area, and one restroom
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 | $83.1k | $25.08 |
| − Vacancy | −$8.6k | −$2.59 |
| EGI | $74.5k | $22.49 |
| − OpEx | −$18.6k | −$5.62 |
| NOI | $55.9k | $16.87 |
3,312 SF · lease $25.08/SF/yr · vacancy 10.34% · expense 25.00%
Alternative Uses
Best Use
Office B
$798.0K
$698.2K – $931.0K
NOI $55,857 @ 7.0% cap · market cap 7.99%
Second Best
Healthcare Medical
$638.4K
$558.6K – $744.8K
NOI $44,686 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$972.0K
$850.5K – $1.13M
NOI $68,042 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - Brick two-story office with reception, private offices, conference room, open work area, and on-site parking.
Where is this office building located?
The property is located at 1940 Saint Mary Avenue Pensacola, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two‑story brick professional office building built in 1993 in Pensacola; First floor includes reception area, copy/work room, four private offices, and three restrooms; Second floor offers a conference room, two private offices, a large open cubicle/workspace area, and one restroom
