Warehouse and Distribution
For Sale
Contact for pricing
2110 W Cervantes St, Pensacola, FL 32505
Well-maintained 16,176 SF warehouse with C-3 zoning and exposure at the Pace Blvd and Cervantes Street intersection.
Property Size16,176 SF
Price / SF$82.84
Days on Market191
Property Features for 2110 W Cervantes St
General Information
Standard status
Active
Size
16,176 SF
Property subtype
Industrial, Office
Zoning
C-3
Building Details
Year Built
1985
Listing Agency:
Stirling Properties, LLC
Listed By:
Justin Beck · License #FL 3118299
Source:
Crexi
Added: Apr 14
Changed: Oct 5
Last Checked: Oct 20 at 5:23PM
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 Stirling Properties, LLC
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Investment Insights
Based on property information with market context.
This well-maintained warehouse and distribution building totals 16,176 SF and consists of one building. The property was renovated in 1990 and is positioned to serve industrial and warehouse users seeking a durable facility.
Situated in Pensacola, the property benefits from visibility at the busy intersection of Pace Blvd and Cervantes Street. It is also described as having C-3 zoning, supporting a range of industrial-focused business endeavors.
As a single-building warehouse offering with C-3 zoning and strong intersection visibility, the site presents a practical option for buyers evaluating industrial and distribution space.
Situated in Pensacola, the property benefits from visibility at the busy intersection of Pace Blvd and Cervantes Street. It is also described as having C-3 zoning, supporting a range of industrial-focused business endeavors.
As a single-building warehouse offering with C-3 zoning and strong intersection visibility, the site presents a practical option for buyers evaluating industrial and distribution space.
Key Highlights
- 16,176 SF warehouse building
- Year built 1985; renovated in 1990
- One building; C‑3 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,208
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,824,160
$1.8M
Cap Rate 7%
$1,302,971
$1.3M
Cap Rate 9%
$1,013,422
$1.0M
Market Conditions
NOI Build-Up for 16,176 SF
Gross rent
$145.6K $9.00/SF
− Vacancy
−$15.3K −$0.95/SF
EGI
$130.3K $8.06/SF
− OpEx
−$39.1K −$2.42/SF
NOI
$91.2K $5.64/SF
Area
Escambia County, FL
Vacancy
10.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,824,160
Cap Rate 7%
$1,302,971
Cap Rate 9%
$1,013,422
Alternative Uses
Best Use
Warehouse
$1.76M
$1.54M – $2.06M
NOI $123,525 @ 7.0% cap · market cap 9.22%
Second Best
Industrial
$1.30M
$1.14M – $1.52M
NOI $91,208 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$4.75M
$4.15M – $5.54M
NOI $332,321 @ 7.0% cap · market cap 24.80%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
707
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32505, FL
28,671
Population
12,278
Households
2.3
Avg Household Size
36
Median Age
14%
College-Educated
82%
High-School Grad
13.0 sq mi
ZIP Area
2,205
Density / Sq Mi
$41,039
Median Household Income
$27,950
Median Earnings
$1,053
Median Rent
$120,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- A+ Mini-Storage of Downtown Pensacola — 2285 W Navy Blvd #8012, Pensacola, FL 32505
- Gray Line Storage — 1300 N T St, Pensacola, FL 32505
- Pensacola Self Storage — 1716 N Pace Blvd, Pensacola, FL 32505
Frequently Asked Questions
What type of property is this?
Warehouse - Well-maintained 16,176 SF warehouse with C-3 zoning and exposure at the Pace Blvd and Cervantes Street intersection.
Where is this warehouse located?
The property is located at 2110 W Cervantes St Pensacola, FL.
What is the asking price?
The asking price for this property is $1,340,000.
What are key features of this property?
This property features: 16,176 SF warehouse building; Year built 1985; renovated in 1990; One building; C‑3 zoning
