Office-Warehouse Flex
For Sale
Contact for pricing
2320 Town St, Pensacola, FL 32505
Functional office and warehouse configuration with secured fenced exterior yard and freight-access doors.
Property Size10,002 SF
Price / SF$75.98
Days on Market29
Property Features for 2320 Town St
General Information
Standard status
Active
Size
10,002 SF
Property subtype
OFFICE
Listing Agency:
NAI Pensacola
(850) 207-7900
Listed By:
Jenny Pittman · License ##BK3439353
(850) 207-7900
Source:
Moodyscre
Added: Jul 6
Changed: Jul 25
Last Checked: Aug 3 at 12:43PM
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 combined office/warehouse building with a front office area and a rear warehouse section. The office portion includes a lobby/reception area, administrative workspace, multiple private offices, a large open work area, a breakroom, and two restrooms (one with a full bath). Office finishes feature ceramic tile and vinyl tile flooring.
The warehouse portion is designed for light industrial and storage use, with three warehouse bays, freight doors, and a 10’ x 10’ roll-up door. Warehouse ceiling height is approximately 11 feet. The building is constructed with concrete block and brick veneer with a metal roof. Exterior improvements include chain-link and wood perimeter fencing, along with exterior lighting for operational convenience and security.
Zoned HC/LI (Heavy Commercial/Light Industrial), the property is intended to support a range of commercial and industrial uses, and it is positioned in Pensacola’s mid-city market with convenient access to major transportation corridors and an interstate on-ramp within minutes.
The warehouse portion is designed for light industrial and storage use, with three warehouse bays, freight doors, and a 10’ x 10’ roll-up door. Warehouse ceiling height is approximately 11 feet. The building is constructed with concrete block and brick veneer with a metal roof. Exterior improvements include chain-link and wood perimeter fencing, along with exterior lighting for operational convenience and security.
Zoned HC/LI (Heavy Commercial/Light Industrial), the property is intended to support a range of commercial and industrial uses, and it is positioned in Pensacola’s mid-city market with convenient access to major transportation corridors and an interstate on-ramp within minutes.
Key Highlights
- 10,053 SF office/warehouse building with front office layout and rear warehouse bays
- Zoned HC/LI (Heavy Commercial/Light Industrial) for a broad range of commercial and industrial uses
- Office area includes lobby/reception, administrative workspace, private offices, open work area, breakroom, and two restrooms (one full bath)
Financial Insights For Industrial
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 | $90.0k | $9.00 |
| − Vacancy | −$9.5k | −$0.95 |
| EGI | $80.6k | $8.06 |
| − OpEx | −$24.2k | −$2.42 |
| NOI | $56.4k | $5.64 |
10,002 SF · lease $9.00/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$2.41M
$2.11M – $2.81M
NOI $168,684 @ 7.0% cap · market cap 22.20%
Second Best
Flex RnD
$1.62M
$1.42M – $1.89M
NOI $113,317 @ 7.0% cap · market cap 14.91%
Theoretical Best
Office A
$2.94M
$2.57M – $3.42M
NOI $205,482 @ 7.0% cap · market cap 27.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
843
Businesses Nearby
Balanced
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Foods fromFrank — 707 Loire Way, Pensacola, FL 32505
- Cordero's Southern Swang Catering — North W Street, Pensacola, FL 32505
Frequently Asked Questions
What type of property is this?
Flex space - Functional office and warehouse configuration with secured fenced exterior yard and freight-access doors.
Where is this flex space located?
The property is located at 2320 Town St Pensacola, FL.
What is the asking price?
The asking price for this property is $760,000.
What are key features of this property?
This property features: 10,053 SF office/warehouse building with front office layout and rear warehouse bays; Zoned HC/LI (Heavy Commercial/Light Industrial) for a broad range of commercial and industrial uses; Office area includes lobby/reception, administrative workspace, private offices, open work area, breakroom, and two restrooms (one full bath)
