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For sale
Office Units
FL
Pensacola
32503
6851 North Palafox Street

Versatile Office/Lab Space For Sale

6851 North Palafox Street Pensacola, FL 32503

6851 North Palafox Street, Pensacola, FL, 32503

$449,000

For Sale

$449,000

Renovated 3,029 SF building with office and shop space.

Property Size3,029 SF

Price / SF$148.23

AddedNov 21, 2025

Days on Market236

Last RefreshMay 8 at 10:37 pm

Property Features for 6851 North Palafox Street

General Information

Standard status: Active
Size: 3,029 SF
Property subtype: Office

Building Details

Year Built: 1988

Listing office

Listing date Nov 21, 2025

Source Bellcorecommercial

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 Robert Bell

Investment Insights

Based on property information with market context.

The property at 6851 North Palafox Street features a 3,029-square-foot building with a combination of office and lab/shop space. It is located on a 0.2682-acre corner lot with 150 feet of frontage on Palafox Street and 134 feet on Travis Street. The property has been recently renovated, including fresh exterior paint and a new roof installed in 2025. A 6' x 7' roll-up door provides access to the shop/lab area. The site is fully fenced for secure outdoor storage or equipment use. Zoned High Density Mixed-Use (HDMU), the property offers flexibility for a range of commercial users. The location is near Highway 29, making it suitable for businesses needing both office and light industrial capabilities. The property is located in Pensacola, FL, with access to the Pensacola Museum of Art, dining options, green spaces like Bayview Park, and major transportation routes.

Key Highlights

Flexible 3,029 SF building with office and lab/shop space.
High Density Mixed‑Use (HDMU) zoning allows for a range of commercial uses.
Convenient location near Highway 29.

Local Financial Insights For Flex RnD

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$58.9k	$19.44
− Vacancy	−$6.1k	−$2.01
EGI	$52.8k	$17.43
− OpEx	−$18.5k	−$6.10
NOI	$34.3k	$11.33

3,029 SF · lease $19.44/SF/yr · vacancy 10.34% · expense 35.00%

Alternative Uses

Best Use

Office B

$729.8K

$638.6K – $851.4K (±1% cap)

NOI $51,084 @ 7.0% cap · market cap 11.38%

Second Best

Flex RnD

$490.2K

$429.0K – $572.0K (±1% cap)

NOI $34,317 @ 7.0% cap · market cap 7.64%

Theoretical Best

Office A

$889.0K

$777.9K – $1.04M (±1% cap)

NOI $62,228 @ 7.0% cap · market cap 13.86%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Suncoast Dental Laboratory Dental Office

Suggested Use

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For sale
Office Units
FL
Pensacola
32503
6851 North Palafox Street

What type of property is this?

Office units - Renovated 3,029 SF building with office and shop space.

Where is this office units located?

The property is located at 6851 North Palafox Street Pensacola, FL.

What is the asking price?

The asking price for this property is $449,000.

What are key features of this property?

This property features: Flexible 3,029 SF building with office and lab/shop space.; High Density Mixed‑Use (HDMU) zoning allows for a range of commercial uses.; Convenient location near Highway 29.