Freestanding Office
New
For Sale
$175,000
534 S Navy Blvd, Pensacola, FL 32507
A separate commercial building occupies a parcel with commercial and medium-density residential zoning.
Property Size945 SF
Lot Size0.56 Acres
Price / SF$185.19
Days on Market3
Property Features for 534 S Navy Blvd
General Information
Standard status
Active
Size
945 SF
Class
C
Lot size
0.56 Acres
Property subtype
Office
Zoning
COM; MDR
Additional Details
Road Access
Yes
Property Use
Office, Retail, Service-Oriented
Building Details
Building Size
945 SF
Year Built
1965
Buildings
1
Listing Agency:
Bellcore Commercial
Listed By:
Harry Bell Jr. · License #FL #BK3026917
(850) 240-0527
Source:
Bellcorecommercial
Added: Oct 30
Last Checked: Nov 1 at 4:15AM
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 Bellcore Commercial
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Investment Insights
Based on property information with market context.
A freestanding 945 SF office building, constructed in 1965, sits on an approximately 0.56-acre parcel. The property has COM (Commercial) zoning along the frontage and MDR (Medium Density Residential) zoning at the rear.
Located on S Navy Boulevard in Pensacola, the site offers convenient access to Naval Air Station Pensacola and downtown Pensacola.
Located on S Navy Boulevard in Pensacola, the site offers convenient access to Naval Air Station Pensacola and downtown Pensacola.
Key Highlights
- 945 SF freestanding building built in 1965
- Approximately 0.56‑acre parcel
- COM (Commercial) zoning at the frontage and MDR (Medium Density Residential) zoning at the rear
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,937
Cap Rate
9.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,740
$318.7K
Cap Rate 7%
$227,671
$227.7K
Cap Rate 9%
$177,078
$177.1K
Market Conditions
NOI Build-Up for 945 SF
Gross rent
$23.7K $25.08/SF
− Vacancy
−$2.5K −$2.59/SF
EGI
$21.2K $22.49/SF
− OpEx
−$5.3K −$5.62/SF
NOI
$15.9K $16.87/SF
Area
Escambia County, FL
Vacancy
10.34%
Lease Rate
$25.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,740
Cap Rate 7%
$227,671
Cap Rate 9%
$177,078
Alternative Uses
Best Use
Office B
$227.7K
$199.2K – $265.6K
NOI $15,937 @ 7.0% cap · market cap 9.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$277.3K
$242.7K – $323.6K
NOI $19,414 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
143
Businesses Nearby
Explore this area
Business Placement
Demographics for 32507, FL
31,215
Population
19,131
Households
1.6
Avg Household Size
44
Median Age
32%
College-Educated
91%
High-School Grad
27.9 sq mi
ZIP Area
1,119
Density / Sq Mi
$69,802
Median Household Income
$38,000
Median Earnings
$1,238
Median Rent
$267,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A separate commercial building occupies a parcel with commercial and medium-density residential zoning.
Where is this office building located?
The property is located at 534 S Navy Blvd Pensacola, FL.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 945 SF freestanding building built in 1965; Approximately 0.56‑acre parcel; COM (Commercial) zoning at the frontage and MDR (Medium Density Residential) zoning at the rear
