Two-Story Flex Space With
New
For Sale
$680,000
6900 W Fairfield Dr, Pensacola, FL 32506
Professional offices pair with contractor storage, workshop space, and a fenced rear lot.
Property Size3,792 SF
Lot Size1.80 Acres
Days on Market4
Property Features for 6900 W Fairfield Dr
General Information
Standard status
Active
Size
3,792 SF
Class
C
Lot size
1.80 Acres
Property subtype
Office
Zoning
HDMU
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Amenities
breakroom
Building Details
Building Size
3,792 SF
Year Built
1970
Buildings
1
Stories
2
Listing Agency:
Bellcore Commercial LLC
(850) 503-3005
Listed By:
Melissa Simpson, CCIM · License #FL #BK3338591
(850) 503-3005
Source:
Bellcorecommercial
Added: Aug 28
Changed: Aug 31
Last Checked: Aug 31 at 1:22PM
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 LLC
Investment Insights
Based on property information with market context.
Located at 6900 W Fairfield Dr in Pensacola, this freestanding flex property combines a two-story office building with contractor-oriented storage and work areas. The first floor includes a reception area, waiting space, private offices, and a breakroom. Equipment storage and a workshop occupy the lower level, creating separation between administrative and operational functions.
The 1.8-acre site includes a fenced rear laydown area and a wraparound drive supporting loading and unloading behind the building. Two large carport structures accommodate work vehicles, vans, and trucks. The property is zoned HDMU and sits between Mobile Hwy and Hwy 98. An adjoining property to the west is also available for purchase.
The 1.8-acre site includes a fenced rear laydown area and a wraparound drive supporting loading and unloading behind the building. Two large carport structures accommodate work vehicles, vans, and trucks. The property is zoned HDMU and sits between Mobile Hwy and Hwy 98. An adjoining property to the west is also available for purchase.
Key Highlights
- 1.8‑acre site with fenced rear laydown area
- Two‑story building with professional office layout
- Lower‑level contractor equipment storage and workshop
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
$42,961
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
6.32%
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%
$859,220
$859.2K
Cap Rate 7%
$613,729
$613.7K
Cap Rate 9%
$477,344
$477.3K
Market Conditions
NOI Build-Up for 3,792 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
$73.7K $19.44/SF
− Vacancy
−$7.6K −$2.01/SF
EGI
$66.1K $17.43/SF
− OpEx
−$23.1K −$6.10/SF
NOI
$43.0K $11.33/SF
Area
Escambia County, FL
Vacancy
10.34%
Lease Rate
$19.44 /SF/Yr
Expense Ratio
35.00%
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%
$859,220
Cap Rate 7%
$613,729
Cap Rate 9%
$477,344
Alternative Uses
Best Use
Office B
$913.6K
$799.4K – $1.07M
NOI $63,952 @ 7.0% cap · market cap 9.40%
Second Best
Flex RnD
$613.7K
$537.0K – $716.0K
NOI $42,961 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$1.11M
$973.8K – $1.30M
NOI $77,903 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
139
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32506, FL
36,017
Population
16,625
Households
2.2
Avg Household Size
39
Median Age
24%
College-Educated
88%
High-School Grad
30.6 sq mi
ZIP Area
1,177
Density / Sq Mi
$59,978
Median Household Income
$36,216
Median Earnings
$1,280
Median Rent
$200,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Professional offices pair with contractor storage, workshop space, and a fenced rear lot.
Where is this flex space located?
The property is located at 6900 W Fairfield Dr Pensacola, FL.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: 1.8‑acre site with fenced rear laydown area; Two‑story building with professional office layout; Lower‑level contractor equipment storage and workshop
