Functional Warehouse in Established
For Sale
$585,000
3603 N Q St, Pensacola, FL 32505
4,776 SF warehouse ideal for owner-user or investment.
Property Size4,776 SF
Lot Size0.32 Acres
Price / SF$122.49
Days on Market215
Property Features for 3603 N Q St
General Information
Standard status
Active
Size
4,776 SF
Lot size
0.32 Acres
Property subtype
Industrial
Building Details
Building Size
4,776 SF
Year Built
2009
Listing Agency:
SVN | Southland Commercial Real Estate
Listed By:
Corey O'Kelley · License #FL #SL3621912
(727) 831-1236
Source:
Svn
Added: Mar 6
Changed: Sep 4
Last Checked: Oct 5 at 3:56PM
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 SVN | Southland Commercial Real Estate
Investment Insights
Based on property information with market context.
Located in Pensacola’s established industrial district, this 4,776 SF warehouse on N Q Street offers an opportunity for owner-users or investors seeking functional industrial space. Situated on 0.32 acres, the property provides a balance of building efficiency and usable yard space. The warehouse features three 16-foot roll-up doors, 18-foot eave height, and an open interior layout suitable for distribution, fabrication, storage, or service-based operations. The property is a turnkey light industrial facility with immediate functionality. The durable metal construction minimizes deferred maintenance. The location is in the heart of Pensacola’s light industrial corridor, offering accessibility and utility for commercial and industrial uses.
Key Highlights
- Functional 4,776 SF warehouse in Pensacola's established industrial district.
- Features three 16‑foot roll‑up doors and 18‑foot eave height for excellent utility.
- Open interior layout suitable for distribution, fabrication, storage, or service‑based operations.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,471
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$729,420
$729.4K
Cap Rate 7%
$521,014
$521.0K
Cap Rate 9%
$405,233
$405.2K
Market Conditions
NOI Build-Up for 4,776 SF
Gross rent
$47.6K $9.96/SF
− Vacancy
−$4.7K −$0.98/SF
EGI
$42.9K $8.98/SF
− OpEx
−$6.4K −$1.35/SF
NOI
$36.5K $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 Rate 5%
$729,420
Cap Rate 7%
$521,014
Cap Rate 9%
$405,233
Alternative Uses
Best Use
Warehouse
$521.0K
$455.9K – $607.9K
NOI $36,471 @ 7.0% cap · market cap 6.23%
Second Best
Industrial
$384.7K
$336.6K – $448.8K
NOI $26,929 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,118 @ 7.0% cap · market cap 16.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
795
Businesses Nearby
Well-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - 4,776 SF warehouse ideal for owner-user or investment.
Where is this warehouse located?
The property is located at 3603 N Q St Pensacola, FL.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Functional 4,776 SF warehouse in Pensacola's established industrial district.; Features three 16‑foot roll‑up doors and 18‑foot eave height for excellent utility.; Open interior layout suitable for distribution, fabrication, storage, or service‑based operations.
