Warehouse and Distribution
2110 W Cervantes St Pensacola, FL 32505
2110 W Cervantes St, Pensacola, FL, 32505
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For Sale
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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$92.73
Days on Market100
Property Features for 2110 W Cervantes St
General Information
- Standard status
- Active
- Size
- 16,176 SF
- Property subtype
- Industrial, Office
Building Details
- Year Built
- 1985
Listing agency
Stirling Properties, LLC
Listed by
Justin Beck, CCIM, CPM · License #FL 3118299
Source
Crexi
Added: Apr 14 Updated: Jul 21 at 2:33PM Checked: Jul 21 at 2:33PM
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
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
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 | $161.1k | $9.96 |
| − Vacancy | −$15.8k | −$0.98 |
| EGI | $145.3k | $8.98 |
| − OpEx | −$21.8k | −$1.35 |
| NOI | $123.5k | $7.64 |
16,176 SF · lease $9.96/SF/yr · vacancy 9.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.76M
$1.54M – $2.06M
NOI $123,525 @ 7.0% cap · market cap 8.24%
Second Best
Industrial
$1.30M
$1.14M – $1.52M
NOI $91,208 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$4.75M
$4.15M – $5.54M
NOI $332,321 @ 7.0% cap · market cap 22.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Associated Equipment
Production Facility
Associated Equipment Company
Distribution Center
Similar For Sale Nearby
Similar Off Market Nearby
- Pensacola Self Storage — 1716 N Pace Blvd, Pensacola, FL 32505
- Gray Line Storage — 1300 N T St, Pensacola, FL 32505
- A+ Mini-Storage of Downtown Pensacola — 2285 W Navy Blvd #8012, Pensacola, FL 32505
FAQs
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 $1,500,000.
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
