Single-Story Industrial
For Sale
$690,000
2320 Town Street, Pensacola, FL 32502
Single-story industrial facility with adaptable floor plan, generous ceiling heights, loading zones, and ample on-site parking.
Property Size10,053 SF
Price / SF$68.64
Days on Market60
Property Features for 2320 Town Street
General Information
Standard status
Active
Size
10,053 SF
Property subtype
Industrial
Additional Details
Highway Access
Yes
Building Details
Building Size
10,053 SF
Year Built
1959
Stories
1
Listing Agency:
NAI Pensacola
Listed By:
Jenny Pittman · License #FL #BK3439353
(850) 207-7900
Source:
Naiglobal
Added: Jul 9
Changed: Sep 3
Last Checked: Sep 6 at 4:13AM
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.
2320 Town Street is a single-story industrial warehouse offering a flexible interior layout intended for a range of operational uses. The facility includes generous ceiling heights and resilient finishes, supporting light assembly, fulfillment, or distribution activities. Large loading and circulation zones are designed for efficient freight handling, and the site includes ample parking to support employee and delivery needs.
The property is positioned in mid-city Pensacola and provides straightforward access to I-10. It also benefits from proximity to regional suppliers and parts providers, supporting ongoing supply and operations for businesses that serve broader distribution needs.
The overall configuration is intended to streamline day-to-day workflows, with durable construction and infrastructure described as ready for immediate occupancy.
The property is positioned in mid-city Pensacola and provides straightforward access to I-10. It also benefits from proximity to regional suppliers and parts providers, supporting ongoing supply and operations for businesses that serve broader distribution needs.
The overall configuration is intended to streamline day-to-day workflows, with durable construction and infrastructure described as ready for immediate occupancy.
Key Highlights
- 10,053‑square‑foot single‑story industrial facility with an adaptable interior layout
- Generous ceiling heights to support racking and material handling
- Durable construction and ready infrastructure for immediate occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$56,684
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,133,680
$1.1M
Cap Rate 7%
$809,771
$809.8K
Cap Rate 9%
$629,822
$629.8K
Market Conditions
NOI Build-Up for 10,053 SF
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.
Gross rent
$90.5K $9.00/SF
− Vacancy
−$9.5K −$0.95/SF
EGI
$81.0K $8.06/SF
− OpEx
−$24.3K −$2.42/SF
NOI
$56.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,133,680
Cap Rate 7%
$809,771
Cap Rate 9%
$629,822
Alternative Uses
Best Use
Warehouse
$1.10M
$959.6K – $1.28M
NOI $76,768 @ 7.0% cap · market cap 11.13%
Second Best
Industrial
$809.8K
$708.6K – $944.7K
NOI $56,684 @ 7.0% cap · market cap 8.22%
Theoretical Best
Office A
$2.95M
$2.58M – $3.44M
NOI $206,529 @ 7.0% cap · market cap 29.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
843
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32502, FL
4,277
Population
2,582
Households
1.7
Avg Household Size
46
Median Age
36%
College-Educated
92%
High-School Grad
2.7 sq mi
ZIP Area
1,584
Density / Sq Mi
$67,548
Median Household Income
$41,011
Median Earnings
$1,313
Median Rent
$229,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Single-story industrial facility with adaptable floor plan, generous ceiling heights, loading zones, and ample on-site parking.
Where is this warehouse located?
The property is located at 2320 Town Street Pensacola, FL.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: 10,053‑square‑foot single‑story industrial facility with an adaptable interior layout; Generous ceiling heights to support racking and material handling; Durable construction and ready infrastructure for immediate occupancy
