Modern Office
For Sale
Contact for pricing
4591 Santa Villa Dr, Pace, FL 32571
Modern office property with a versatile floor plan and contemporary finishes.
Property Size3,496 SF
Price / SF$211.67
Days on Market160
Property Features for 4591 Santa Villa Dr
General Information
Standard status
Active
Size
3,496 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Building Details
Buildings
1
Stories
1
Building Size
3,496 SF
Listing Agency:
SVN | SouthLand Commercial Pensacola
(850) 434-7500
Listed By:
Michael Carro · License #AL 000093777
Source:
Crexi
Added: Mar 25
Changed: Aug 31
Last Checked: Mar 27 at 4:56AM
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.
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 = 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
$41,281
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
5.58%
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%
$825,620
$825.6K
Cap Rate 7%
$589,729
$589.7K
Cap Rate 9%
$458,678
$458.7K
Market Conditions
NOI Build-Up for 3,496 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
$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 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%
$825,620
Cap Rate 7%
$589,729
Cap Rate 9%
$458,678
Alternative Uses
Best Use
Office B
$589.7K
$516.0K – $688.0K
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
NOI $60,260 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
