Multi-Use Automotive and Office
2171-2177 E Olive Rd Pensacola, FL 32514
For Sale
Contact for pricing
Three commercial parcels with frontage on E Olive Road, including an office building, mechanic shop, and a residential unit.
Property Size3,594 SF
Lot Size1.20 Acres
Price / SF$222.31
Days on Market29
Property Features for 2171-2177 E Olive Rd
General Information
Standard status
Active
Size
3,594 SF
Lot size
1.20 Acres
Property subtype
RETAIL
Listing Agency:
Bay City Realty LLC
(850) 380-0877
Listed By:
Mehdi Moeini, CCIM, CPM, MiCP
(850) 380-0877
Source:
Moodyscre
Added: Jul 1
Changed: Jul 28
Last Checked: Jul 29 at 3:51PM
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 Bay City Realty LLC
Investment Insights
Based on property information with market context.
2171-2177 E Olive Rd consists of approximately 1.2 acres across three commercial parcels with approximately 216 feet of frontage along an east-west corridor. The site includes three existing improvements: a 1,234± SF office building, a 936± SF mechanic shop with approximately 14-foot ceilings, and a 3-bedroom, 1-bath residence that may be used as rental income, employee housing, or additional office space subject to applicable regulations.
The property is located in unincorporated Escambia County and is zoned Commercial. It sits along E Olive Road just east of N Davis Highway, where Olive Road carries approximately 19,000 vehicles per day at the property. The roadway also benefits from recent improvements including bike lanes, sidewalks, and upgraded drainage infrastructure.
With multiple structures in place and a land area suitable for additional development, the property is positioned for a range of owner-user and service-oriented business uses.
The property is located in unincorporated Escambia County and is zoned Commercial. It sits along E Olive Road just east of N Davis Highway, where Olive Road carries approximately 19,000 vehicles per day at the property. The roadway also benefits from recent improvements including bike lanes, sidewalks, and upgraded drainage infrastructure.
With multiple structures in place and a land area suitable for additional development, the property is positioned for a range of owner-user and service-oriented business uses.
Key Highlights
- Approximately 1.2 acres across three commercial parcels with about 216 ft of frontage on E Olive Road
- Zoned Commercial in unincorporated Escambia County, offering flexibility for business and investment uses
- Includes a 1,234± SF office building plus a 936± SF mechanic shop with approximately 14‑foot ceilings
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 | $90.1k | $25.08 |
| − Vacancy | −$9.3k | −$2.59 |
| EGI | $80.8k | $22.49 |
| − OpEx | −$20.2k | −$5.62 |
| NOI | $60.6k | $16.87 |
3,594 SF · lease $25.08/SF/yr · vacancy 10.34% · expense 25.00%
Alternative Uses
Best Use
Office B
$865.9K
$757.7K – $1.01M
NOI $60,613 @ 7.0% cap · market cap 7.59%
Second Best
Retail
$580.3K
$507.8K – $677.0K
NOI $40,620 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$1.05M
$922.9K – $1.23M
NOI $73,835 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Travel Quick Motorsports — 2400 E Olive Rd, Pensacola, FL 32514
- Firestone Complete Auto Care — 7179 N Davis Hwy, Pensacola, FL 32504
- American Lube Fast — 1901 E Olive Rd, Pensacola, FL 32514
- Lloyd's Tints — 1857 Atwood Dr Apt. 28C, Pensacola, FL 32514
- America's Home For Car Service — Ferry Pass, FL 32504
Frequently Asked Questions
What type of property is this?
Auto shop - Three commercial parcels with frontage on E Olive Road, including an office building, mechanic shop, and a residential unit.
Where is this auto shop located?
The property is located at 2171-2177 E Olive Rd Pensacola, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Approximately 1.2 acres across three commercial parcels with about 216 ft of frontage on E Olive Road; Zoned Commercial in unincorporated Escambia County, offering flexibility for business and investment uses; Includes a 1,234± SF office building plus a 936± SF mechanic shop with approximately 14‑foot ceilings
