Office Building with
For Sale
Contact for pricing
6701 N Davis Hwy, Pensacola, FL 32504
Single-tenant office layout features five offices and a large open floor area, plus a 4-lane drive-thru.
Property Size4,966 SF
Lot Size1.00 Acre
Price / SF$523.56
Days on Market174
Property Features for 6701 N Davis Hwy
General Information
Standard status
Active
Size
4,966 SF
Lot size
1.00 Acre
Property subtype
OFFICE
Additional Details
Traffic Count
37,000 vehicles/day
Amenities
5 offices
large open floor space
employee breakroom
4-lane drive-thru
lighted intersection
prominent signage
Building Details
Construction
brick
Listing Agency:
SVN | Southland Commercial Real Estate
(850) 380-3344
Listed By:
Michael Carro · License #000093777
(850) 380-3344
Source:
Moodyscre
Added: Feb 27
Changed: Jul 26
Last Checked: Aug 19 at 12:13PM
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.
This office building offers approximately 4,996 square feet of space configured with five offices and a large open floor area, along with an employee breakroom. The building is brick constructed and includes a 4-lane drive-thru for customer or service access. Prominent signage is included as well.
Located at a lighted intersection with an entrance on Burgess Rd, the property is positioned to benefit from substantial passing traffic along N Davis Hwy. Vehicle counts are listed as 33,500 vehicles per day on Davis and 3,500 vehicles per day on Burgess.
With its drive-thru design, interior office layout, and visibility from two traffic approaches, the property is structured for organizations seeking both workplace space and convenient access for visitors.
Located at a lighted intersection with an entrance on Burgess Rd, the property is positioned to benefit from substantial passing traffic along N Davis Hwy. Vehicle counts are listed as 33,500 vehicles per day on Davis and 3,500 vehicles per day on Burgess.
With its drive-thru design, interior office layout, and visibility from two traffic approaches, the property is structured for organizations seeking both workplace space and convenient access for visitors.
Key Highlights
- 4,996 SF available space in a single‑tenant office layout with five offices and a large open floor area
- 4‑lane drive‑thru for convenient customer access
- Employee breakroom included
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
$83,752
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
3.22%
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%
$1,675,040
$1.7M
Cap Rate 7%
$1,196,457
$1.2M
Cap Rate 9%
$930,578
$930.6K
Market Conditions
NOI Build-Up for 4,966 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
$124.5K $25.08/SF
− Vacancy
−$12.9K −$2.59/SF
EGI
$111.7K $22.49/SF
− OpEx
−$27.9K −$5.62/SF
NOI
$83.8K $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 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%
$1,675,040
Cap Rate 7%
$1,196,457
Cap Rate 9%
$930,578
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.40M
NOI $83,752 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,022 @ 7.0% cap · market cap 3.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
37,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
928
Businesses Nearby
Explore this area
Business Placement
Demographics for 32504, FL
21,791
Population
10,436
Households
2.1
Avg Household Size
43
Median Age
41%
College-Educated
92%
High-School Grad
10.5 sq mi
ZIP Area
2,075
Density / Sq Mi
$74,067
Median Household Income
$41,990
Median Earnings
$1,257
Median Rent
$242,400
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 units - Single-tenant office layout features five offices and a large open floor area, plus a 4-lane drive-thru.
Where is this office units located?
The property is located at 6701 N Davis Hwy Pensacola, FL.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 4,996 SF available space in a single‑tenant office layout with five offices and a large open floor area; 4‑lane drive‑thru for convenient customer access; Employee breakroom included
