Historic Two-Story Office
For Sale
Contact for pricing
245 E Intendencia St, Pensacola, FL 32502
Two-story historic office with original heart pine floors, decorative fireplaces, and 12-foot ceilings, plus on-site surface parking and an accessible ramp.
Property Size2,479 SF
Lot Size0.34 Acres
Price / SF$574.83
Days on Market135
Property Features for 245 E Intendencia St
General Information
Standard status
Active
Size
2,479 SF
Lot size
0.34 Acres
Property subtype
OFFICE
Zoning
HC-1
Additional Details
Clear Height
12 ft
Amenities
heart pine floors
decorative fireplaces
kitchen area
handicap-accessible ramp
Building Details
Year Built
1872
Stories
2
Listing Agency:
Connell & Company Realty
(850) 712-6003
Listed By:
G. Jeff White · License #BK147454
(850) 712-6003
Source:
Moodyscre
Added: Mar 20
Changed: Jul 27
Last Checked: Jul 27 at 5:27AM
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 Realty
Investment Insights
Based on property information with market context.
The Apostle House is a two-story historic property built in 1872 and updated for modern functionality. Inside, it features original heart pine floors, decorative fireplaces, and 12-foot ceilings, along with multiple rooms across two levels and a kitchen area. The site includes an accessible ramp and more than 15 surface parking spaces.
The property is located in Pensacola’s Seville Historic District within the broader downtown area. It is currently leased through December 2026.
Zoned HC-1, the building is positioned to support a range of commercial uses, with potential for conversion to a private residence.
The property is located in Pensacola’s Seville Historic District within the broader downtown area. It is currently leased through December 2026.
Zoned HC-1, the building is positioned to support a range of commercial uses, with potential for conversion to a private residence.
Key Highlights
- Built in 1872, two‑story historic building in Pensacola’s Seville Historic District with original heart pine floors and decorative fireplaces
- Approximately 2,479 SF on a 0.34‑acre lot, with multiple rooms across two levels and a kitchen area
- Over 15 surface parking spaces plus a handicap‑accessible ramp
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 authorities.
Property Analytics
Current Use
Lease Details
12 ft
Clear height
Location Intelligence
Trade Area within ½ mile
2,943
Businesses Nearby
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-story historic office with original heart pine floors, decorative fireplaces, and 12-foot ceilings, plus on-site surface parking and an accessible ramp.
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: Built in 1872, two‑story historic building in Pensacola’s Seville Historic District with original heart pine floors and decorative fireplaces; Approximately 2,479 SF on a 0.34‑acre lot, with multiple rooms across two levels and a kitchen area; Over 15 surface parking spaces plus a handicap‑accessible ramp
