Leased Dental and Orthodontic
3201 East Olive Road Pensacola, FL 32514
3201 East Olive Road, Pensacola, FL, 32514
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For Sale
Contact for pricing
Absolute NNN leased dental and orthodontic facility occupied by Smart Smiles and Wild Smiles.
Property Size4,964 SF
Price / SF$353.31
Days on Market63
Property Features for 3201 East Olive Road
General Information
- Standard status
- Active
- Size
- 4,964 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1991
Listing agency
Matthews
Listed by
Jacob Allen · License #FL3558421
Source
Crexi
Added: May 22 Updated: Jul 22 at 10:14PM Checked: Jul 22 at 10:14PM
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 Matthews
Investment Insights
Based on property information with market context.
Exclusively offered for sale is an absolute NNN leased dental and orthodontic facility currently occupied by Smart Smiles Orthodontics and Wild Smiles Pediatric Dentistry. The tenant is responsible for maintenance, taxes, insurance, and capital expenditures, and the lease is backed by a personal guarantee from ownership. The lease includes 3% annual rent increases.
The property received a significant interior renovation in 2023, including a full gut remodel with updated finishes, fixtures, and modernized improvements. The specialized dental buildout and existing infrastructure support a medically oriented environment with high replacement costs.
Located at 3201 East Olive Road in Pensacola, Florida, the facility is positioned within a dense residential corridor and provides convenient access to Interstate 10, North Davis Highway, and Nine Mile Road.
The property received a significant interior renovation in 2023, including a full gut remodel with updated finishes, fixtures, and modernized improvements. The specialized dental buildout and existing infrastructure support a medically oriented environment with high replacement costs.
Located at 3201 East Olive Road in Pensacola, Florida, the facility is positioned within a dense residential corridor and provides convenient access to Interstate 10, North Davis Highway, and Nine Mile Road.
Key Highlights
- Absolute NNN leased dental and orthodontic facility in Pensacola, FL occupied by Smart Smiles Orthodontics and Wild Smiles Pediatric Dentistry.
- Personal guarantee from ownership backs the lease.
- Tenant is responsible for maintenance, taxes, insurance, and capital expenditures.
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 | $124.5k | $25.08 |
| − Vacancy | −$12.9k | −$2.59 |
| EGI | $111.6k | $22.49 |
| − OpEx | −$27.9k | −$5.62 |
| NOI | $83.7k | $16.87 |
4,964 SF · lease $25.08/SF/yr · vacancy 10.34% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.40M
NOI $83,718 @ 7.0% cap · market cap 4.77%
Second Best
Healthcare Medical
$956.8K
$837.2K – $1.12M
NOI $66,974 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$1.46M
$1.27M – $1.70M
NOI $101,981 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dr. Arnett Douglas
Dental Office
Great Smiles On The Emerald ...
Dental Office
Stuart Bonnin
Dental Office
Smart Smiles Orthodontics ...
Dental Office
Dr. Douglas Hightower
Dental Office
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FAQs
What type of property is this?
Medical Office Space - Absolute NNN leased dental and orthodontic facility occupied by Smart Smiles and Wild Smiles.
Where is this medical office space located?
The property is located at 3201 East Olive Road Pensacola, FL.
What is the asking price?
The asking price for this property is $1,753,846.
What are key features of this property?
This property features: Absolute NNN leased dental and orthodontic facility in Pensacola, FL occupied by Smart Smiles Orthodontics and Wild Smiles Pediatric Dentistry.; Personal guarantee from ownership backs the lease.; Tenant is responsible for maintenance, taxes, insurance, and capital expenditures.
