Multifamily Property with
For Sale
$169,000
Pending
6917 & 6919 Weatherwood Dr, Pensacola, FL 32506
Built in 1985 with central air, electric water heating, balcony space, and partial parking.
Property Size1,984 SF
Days on Market233
Property Features for 6917 & 6919 Weatherwood Dr
General Information
Standard status
Pending
Size
1,984 SF
Property subtype
Residential Income
Lease Term
Month To Month
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
Central Air
Central
Electric Water Heater
Partial
Parking Lot
Balcony
Building Details
Building Size
1,984 SF
Year Built
1985
Stories
2
Listing Agency:
HH Real Estate Inc.
Listed By:
Faye "darlyne" Abad Zoltak
(850) 525-2636
Source:
Evrealestate
Added: Jan 17
Changed: Aug 31
Last Checked: Aug 30 at 2:13PM
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 HH Real Estate Inc.
Investment Insights
Based on property information with market context.
This multifamily property was built in 1985 and includes central air, central heating, and an electric water heater. Exterior features include balcony space and a partial parking lot.
The property is located at 6917 & 6919 Weatherwood Dr in Pensacola, with access from Mobile Highway, Fairfield Drive, 69th Avenue, and Weatherwood Drive. The units are positioned behind 6923 Weatherwood.
The property is located at 6917 & 6919 Weatherwood Dr in Pensacola, with access from Mobile Highway, Fairfield Drive, 69th Avenue, and Weatherwood Drive. The units are positioned behind 6923 Weatherwood.
Key Highlights
- Multifamily property at 6917 & 6919 Weatherwood Dr, Pensacola, FL 32506
- Built in 1985
- Central air and central heating
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
$8,385
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
4.96%
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%
$167,700
$167.7K
Cap Rate 7%
$119,786
$119.8K
Cap Rate 9%
$93,167
$93.2K
Market Conditions
NOI Build-Up for 928 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
$17.7K $19.08/SF
− Vacancy
−$2.5K −$2.65/SF
EGI
$15.2K $16.43/SF
− OpEx
−$6.9K −$7.39/SF
NOI
$8.4K $9.04/SF
Area
Escambia County, FL
Vacancy
13.90%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
45.00%
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%
$167,700
Cap Rate 7%
$119,786
Cap Rate 9%
$93,167
Alternative Uses
Best Use
Apartment 5plus
$119.8K
$104.8K – $139.8K
NOI $8,385 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$272.4K
$238.3K – $317.8K
NOI $19,065 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
196
Businesses Nearby
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 Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Built in 1985 with central air, electric water heating, balcony space, and partial parking.
Where is this multifamily property located?
The property is located at 6917 & 6919 Weatherwood Dr Pensacola, FL.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: Multifamily property at 6917 & 6919 Weatherwood Dr, Pensacola, FL 32506; Built in 1985; Central air and central heating
