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Building Details

Buildings 1

Stories 1

Building Size 3,496 SF

Listing Agency: SVN | SouthLand Commercial Pensacola

Listed By: Michael Carro · License #AL 000093777 Show Phone

Source: Crexi

Added: Mar 25 Changed: Oct 11 Last Checked: Oct 14 at 7:57PM

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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 Pensacola

Investment Insights

Based on property information with market context.

This 3,496-square-foot office building in Pace offers a spacious interior, flexible layout, and modern finishes suited to a range of office configurations. The property is positioned at 4591 Santa Villa Drive and is described as being in well-maintained condition.

The setting provides access to major highways serving Pensacola and the Gulf Coast. Walmart Supercenter, Ruby Tuesday, and Chick-fil-A are nearby, along with Woodbine Park and Benny Russell Park. The surrounding area combines suburban surroundings with convenient retail, dining, and recreational amenities.

Key Highlights

• 3,496 SF modern office building
• Versatile floor plan with spacious interior
• Contemporary amenities and finishes

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$41,281

Cap Rate

5.58%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$825,620 $825.6K

Cap Rate 7%

$589,729 $589.7K

Cap Rate 9%

$458,678 $458.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,496 SF

Gross rent

$67.1K $19.20/SF

− Vacancy

−$12.1K −$3.46/SF

EGI

$55.0K $15.74/SF

− OpEx

−$13.8K −$3.94/SF

NOI

$41.3K $11.81/SF

Area

Santa Rosa County, FL

Vacancy

18.00%

Lease Rate

$19.20 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$825,620

Cap Rate 7%

$589,729

Cap Rate 9%

$458,678

Alternative Uses

Best Use

Office B

$589.7K

$516.0K – $688.0K (±1% cap)

NOI $41,281 @ 7.0% cap · market cap 5.58%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$860.9K

$753.3K – $1.00M (±1% cap)

NOI $60,260 @ 7.0% cap · market cap 8.14%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store Electrical Service Catering Service Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

316

Businesses Nearby

Explore this area Business Placement

Demographics for 32571, FL

38,885

Population

15,041

Households

2.6

Avg Household Size

39

Median Age

33%

College-Educated

93%

High-School Grad

112.6 sq mi

ZIP Area

345

Density / Sq Mi

$89,137

Median Household Income

$46,400

Median Earnings

$1,186

Median Rent

$281,600

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Modern office property with a versatile floor plan and contemporary finishes.

Where is this office building located?

The property is located at 4591 Santa Villa Dr Pace, FL.

What is the asking price?

The asking price for this property is $740,000.

What are key features of this property?

This property features: 3,496 SF modern office building; Versatile floor plan with spacious interior; Contemporary amenities and finishes