Pensacola Fabrication Shop with
For Sale
Contact for pricing
3202 Barrancas Ave, Pensacola, FL
11,040 SF fabrication shop with fenced, paved yard.
Property Size11,040 SF
Lot Size1.06 Acres
Price / SF$113.22
Days on Market594
Property Features for 3202 Barrancas Ave
General Information
Standard status
Active
Size
11,040 SF
Lot size
1.06 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Neal & Company, LLC
(850) 444-9994
Listed By:
Donald Neal, CCIM, SIOR
(850) 287-0871
Source:
Moodyscre
Added: Jan 23, 2025
Changed: Sep 3
Last Checked: Sep 8 at 9:07AM
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 Neal & Company, LLC
Investment Insights
Based on property information with market context.
This 11,040 SF fabrication and shop space is available for sale in the southwest Pensacola area, situated between Downtown and Pensacola NAS. The property features a new roof installed in 2024. It occupies a one-acre lot with a fenced and paved yard. The shop includes four grade-level roll-up doors, each measuring 14'x14'. Argon gas and compressed air are piped throughout the shop. The property has 3 Phase Electric capability, a paint booth, and existing racks that will convey with the sale. The building also incorporates 1,440 SF of office space, including a reception area with updated finishes. Showings are available on Fridays.
Key Highlights
- 11,040 SF Fabrication/Shop Space on One Acre Lot
- All New Roof (2024)
- Features four (4) 14'x14' Grade Level Roll‑Up Doors
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
$84,305
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
6.74%
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%
$1,686,100
$1.7M
Cap Rate 7%
$1,204,357
$1.2M
Cap Rate 9%
$936,722
$936.7K
Market Conditions
NOI Build-Up for 11,040 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
$110.0K $9.96/SF
− Vacancy
−$10.8K −$0.98/SF
EGI
$99.2K $8.98/SF
− OpEx
−$14.9K −$1.35/SF
NOI
$84.3K $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%
$1,686,100
Cap Rate 7%
$1,204,357
Cap Rate 9%
$936,722
Alternative Uses
Best Use
Warehouse
$1.20M
$1.05M – $1.41M
NOI $84,305 @ 7.0% cap · market cap 6.74%
Second Best
Industrial
$889.3K
$778.1K – $1.04M
NOI $62,249 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$3.24M
$2.84M – $3.78M
NOI $226,806 @ 7.0% cap · market cap 18.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
208
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - 11,040 SF fabrication shop with fenced, paved yard.
Where is this manufacturing property located?
The property is located at 3202 Barrancas Ave Pensacola, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 11,040 SF Fabrication/Shop Space on One Acre Lot; All New Roof (2024); Features four (4) 14'x14' Grade Level Roll‑Up Doors
