Historic Office Building with
245 E Intendencia St Pensacola, FL 32502
245 E Intendencia St, Pensacola, FL, 32502
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For Sale
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Two-story historic office building with original heart pine floors, fireplaces, and handicap-accessible entry plus 15+ surface parking spaces.
Property Size2,479 SF
Lot Size0.34 Acres
Price / SF$574.83
Days on Market124
Property Features for 245 E Intendencia St
General Information
- Standard status
- Active
- Size
- 2,479 SF
- Lot size
- 0.34 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1872
Listing agency
Connell & Company
(850) 712-6003
Listed by
Jeff White · License #FL BK147454
Source
Crexi
Added: Mar 21 Updated: Jul 21 at 1:25PM Checked: Jul 21 at 1:25PM
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 Connell & Company
Investment Insights
Based on property information with market context.
The Apostle House is a two-story historic structure built in 1872 and thoughtfully updated for modern commercial use. The building offers multiple rooms across two levels, along with a kitchen area. Interior character includes original heart pine floors, decorative fireplaces, and 12-foot ceilings, creating a distinctive environment for professional offices or boutique operations. A handicap-accessible ramp provides convenient access.
The property includes more than 15 surface parking spaces and is zoned HC-1. It is located in Pensacola’s Seville Historic District, within walking distance of downtown Pensacola dining, retail, and cultural attractions, with connectivity to major thoroughfares and the waterfront.
The building is currently leased through December 2026.
The property includes more than 15 surface parking spaces and is zoned HC-1. It is located in Pensacola’s Seville Historic District, within walking distance of downtown Pensacola dining, retail, and cultural attractions, with connectivity to major thoroughfares and the waterfront.
The building is currently leased through December 2026.
Key Highlights
- Historic two‑story building built in 1872 in Pensacola’s Seville Historic District
- Approx. 2,479 SF on a 0.34‑acre lot with 15+ surface parking spaces
- HC‑1 zoning supporting a range of commercial uses and potential residential conversion
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 | $62.2k | $25.08 |
| − Vacancy | −$6.4k | −$2.59 |
| EGI | $55.7k | $22.49 |
| − OpEx | −$13.9k | −$5.62 |
| NOI | $41.8k | $16.87 |
2,479 SF · lease $25.08/SF/yr · vacancy 10.34% · expense 25.00%
Alternative Uses
Best Use
Office B
$597.3K
$522.6K – $696.8K
NOI $41,808 @ 7.0% cap · market cap 2.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$727.6K
$636.6K – $848.8K
NOI $50,929 @ 7.0% cap · market cap 3.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Two-story historic office building with original heart pine floors, fireplaces, and handicap-accessible entry plus 15+ surface parking spaces.
Where is this office building located?
The property is located at 245 E Intendencia St Pensacola, FL.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: Historic two‑story building built in 1872 in Pensacola’s Seville Historic District; Approx. 2,479 SF on a 0.34‑acre lot with 15+ surface parking spaces; HC‑1 zoning supporting a range of commercial uses and potential residential conversion
