Office Space on Quarter
238 N New Warrington Rd Pensacola, FL
Office property with ample space and high-traffic exposure.
Type:OFFICE
Property size:
1,062 SFLot size:
0.27 AcresPrice / SF:
$273/SF- Added:
- Oct 8, 2025
- Days on Market:
- 276
- Last Refresh:
- May 20 at 8:05 pm
Property Features for 238 N New Warrington Rd
General Information
- Standard status
- Active
- Size
- 1,062 SF
- Lot size
- 0.27 Acres
- Property subtype
- OFFICE
Listing office RE/MAX HORIZONS REALTY (256) 200-4556
Listing date Oct 8, 2025
Source Moodyscre
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 RE/MAX HORIZONS REALTY
Investment Insights
Based on property information with market context.
This property offers nearly 1200 square feet of office space and is positioned to provide significant exposure for business operations due to its location and high traffic. Situated on just over a quarter acre, the property provides room for expansion. The street-facing building includes front parking. This property is located in Pensacola, Florida.
Key Highlights
- Prime location with high traffic exposure, perfect for business expansion.
- Ample office space with nearly 1200 sq ft.
- Sits on over 1/4 acre, offering room to expand.
Local 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 | $26.6k | $25.08 |
| − Vacancy | −$2.8k | −$2.59 |
| EGI | $23.9k | $22.49 |
| − OpEx | −$6.0k | −$5.62 |
| NOI | $17.9k | $16.87 |
1,062 SF · lease $25.08/SF/yr · vacancy 10.34% · expense 25.00%
Alternative Uses
Best Use
Office B
$255.9K
$223.9K – $298.5K
NOI $17,911 @ 7.0% cap · market cap 6.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$311.7K
$272.7K – $363.6K
NOI $21,818 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Jennifer Hester: Allstate ...
Insurance Agency
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FAQs
What type of property is this?
Office space - Office property with ample space and high-traffic exposure.
Where is this office space located?
The property is located at 238 N New Warrington Rd Pensacola, FL.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Prime location with high traffic exposure, **perfect for business expansion**.; Ample office space with nearly 1200 sq ft.; Sits on over 1/4 acre, offering room to expand.
