Pensacola Warehouse with Fenced
For Sale
$269,000
2807 West Gadsden Street, Pensacola, FL 32505
2,235 SF warehouse in Pensacola, suitable for various operations.
Property Size2,235 SF
Lot Size0.15 Acres
Price / SF$120.36
Days on Market111
Property Features for 2807 West Gadsden Street
General Information
Standard status
Active
Size
2,235 SF
Lot size
0.15 Acres
Property subtype
Industrial
Building Details
Building Size
2,235 SF
Listing Agency:
Bellcore Commercial
(850) 232-2587
Listed By:
Robert Bell · License #FL #SL698346
(850) 232-2587
Source:
Bellcorecommercial
Added: May 14
Changed: Aug 31
Last Checked: Sep 1 at 5:18PM
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 Bellcore Commercial
Investment Insights
Based on property information with market context.
Located in Pensacola, Florida, the property at 2807 W Gadsden Street features a freestanding +/- 2,235 SF warehouse on a +/- 0.15-acre parcel. Zoned HC/LI, it is suitable for light industrial, storage, or small business operations. The building includes two drive-in bays, three interior workrooms (one insulated), and a small front lay-down yard. The site is fully fenced, providing secure outdoor storage and controlled access. The location offers convenient access to major corridors and surrounding commercial and industrial users. The property is near downtown Pensacola, with access to major transportation routes and logistical infrastructure, making it ideal for industrial, warehouse, and distribution operations. It is also near Pensacola Naval Air Station, the Port of Pensacola, and the area's commercial activity. The area's workforce and local government support industrial and commercial ventures, positioning the property for success. It offers a functional layout for an owner/user seeking an affordable, efficient industrial space.
Key Highlights
- Freestanding +/- 2,235 SF warehouse suitable for light industrial, storage, or small business operations.
- HC/LI zoning on a +/- 0.15‑acre parcel allows for a variety of uses.
- Two drive‑in bays, three interior workrooms (one insulated), and a small front lay‑down yard provide functional workspace.
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
$17,067
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
6.34%
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%
$341,340
$341.3K
Cap Rate 7%
$243,814
$243.8K
Cap Rate 9%
$189,633
$189.6K
Market Conditions
NOI Build-Up for 2,235 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
$22.3K $9.96/SF
− Vacancy
−$2.2K −$0.98/SF
EGI
$20.1K $8.98/SF
− OpEx
−$3.0K −$1.35/SF
NOI
$17.1K $7.64/SF
Area
Escambia County, FL
Vacancy
9.80%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
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%
$341,340
Cap Rate 7%
$243,814
Cap Rate 9%
$189,633
Alternative Uses
Best Use
Warehouse
$243.8K
$213.3K – $284.5K
NOI $17,067 @ 7.0% cap · market cap 6.34%
Second Best
Industrial
$180.0K
$157.5K – $210.0K
NOI $12,602 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$655.9K
$574.0K – $765.3K
NOI $45,916 @ 7.0% cap · market cap 17.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
287
Businesses Nearby
Under-served
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - 2,235 SF warehouse in Pensacola, suitable for various operations.
Where is this warehouse located?
The property is located at 2807 West Gadsden Street Pensacola, FL.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Freestanding +/- 2,235 SF warehouse suitable for light industrial, storage, or small business operations.; HC/LI zoning on a +/- 0.15‑acre parcel allows for a variety of uses.; Two drive‑in bays, three interior workrooms (one insulated), and a small front lay‑down yard provide functional workspace.
