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Flex Warehouse with Retail/Office
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5600 N Davis Highway, Pensacola, FL 32503

A 21,500 SF air-conditioned retail/showroom/office area plus an 8,500 SF warehouse with three loading doors.

Property Size30,000 SF
Price / SF$240
Days on Market15

Property Features for 5600 N Davis Highway

General Information

Standard status Active
Size 30,000 SF
Property subtype Retail, Industrial
Listing Agency: Beau Box Commercial Real Estate
Listed By: Rick Appleyard · License #FL SL3600713
Source: Crexi
Added: Jul 21 Changed: Jul 28 Last Checked: Aug 2 at 3:38PM

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 Beau Box Commercial Real Estate

Investment Insights

Based on property information with market context.

The property offers approximately 30,000 SF total, with 21,500 SF built out as air-conditioned retail/showroom/office space. The remaining 8,500 SF is warehouse space designed for distribution and operations, including three loading doors: one 10' x 12' dock-high door and two 10' x 12' ramped on-grade doors. A fire suppression system is in place, and the building is supported by 400 Amp, 3-phase power.

The mix of air-conditioned front space and functional warehouse access makes the building well suited for users who need both customer-facing space and back-of-house storage and shipping capability.

Key Highlights

  • 30,000 SF building with 21,500 SF air‑conditioned retail/showroom/office space and 8,500 SF warehouse
  • Warehouse includes 3 loading doors: one 10' x 12' dock‑high and two 10' x 12' ramped on‑grade doors
  • 400 Amp, 3‑phase power in place

Financial Insights For Flex RnD

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $583.2k $19.44
− Vacancy −$60.3k −$2.01
EGI $522.9k $17.43
− OpEx −$183.0k −$6.10
NOI $339.9k $11.33
30,000 SF · lease $19.44/SF/yr · vacancy 10.34% · expense 35.00%

Alternative Uses

Best Use
Flex RnD
$4.86M
$4.25M – $5.66M (±1% cap)
NOI $339,883 @ 7.0% cap · market cap 4.72%
Second Best
Retail
$4.84M
$4.24M – $5.65M (±1% cap)
NOI $339,066 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$8.80M
$7.70M – $10.27M (±1% cap)
NOI $616,322 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Benson's of Pensacola Home Appliance Store American Flooring, Cabinets ... General Contractor Bonnier Sweden General Contractor

Suggested Use

Top Pick Auto Parts Store Law Firm Kitchen & Bath Showroom Building Supply Garden Center Electrical Service

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

Location Intelligence

Trade Area within ½ mile

508
Businesses Nearby
Under-served
Demand for This Use

Demographics for 32503, FL

33,693
Population
14,419
Households
2.3
Avg Household Size
36
Median Age
41%
College-Educated
94%
High-School Grad
12.6 sq mi
ZIP Area
2,674
Density / Sq Mi
$67,654
Median Household Income
$32,077
Median Earnings
$1,226
Median Rent
$270,500
Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

  • Publix Catering on N. 9th Ave. 5055 N 9th Ave, Pensacola, FL 32504

Frequently Asked Questions

What type of property is this?
Flex space - A 21,500 SF air-conditioned retail/showroom/office area plus an 8,500 SF warehouse with three loading doors.
Where is this flex space located?
The property is located at 5600 N Davis Highway Pensacola, FL.
What is the asking price?
The asking price for this property is $7,200,000.
What are key features of this property?
This property features: 30,000 SF building with 21,500 SF air‑conditioned retail/showroom/office space and 8,500 SF warehouse; Warehouse includes 3 loading doors: one 10' x 12' dock‑high and two 10' x 12' ramped on‑grade doors; 400 Amp, 3‑phase power in place
More about this property
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