Retail Property with Outdoor
New
For Sale
$2,990,000
705 N New Warrington Rd, Pensacola, FL 32506
Two buildings offer 15,440 square feet of commercial space in a heavy commercial/light industrial setting.
Property Size15,440 SF
Lot Size2.98 Acres
Price / SF$193.65
Days on Market2
Property Features for 705 N New Warrington Rd
General Information
Standard status
Active
Size
15,440 SF
Lot size
2.98 Acres
Property subtype
Retail
Zoning
HC/LI
Site & Location
Traffic Count
32,500 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Real Estate Included
Yes
Amenities
paved parking
outdoor yard space
Building Details
Building Size
15,440 SF
Year Built
1975
Buildings
2
Listing Agency:
Bellcore Commercial
Listed By:
Robert Bell · License #FL #SL698346
(850) 232-2587
Source:
Bellcorecommercial
Added: Oct 30
Last Checked: Oct 30 at 3:27PM
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
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Investment Insights
Based on property information with market context.
The property includes two buildings totaling 15,440 square feet on approximately 2.98 acres. Ceiling heights range from 12 to 16 feet, and the site also has paved parking and outdoor yard area. HC/LI zoning identifies the property as Heavy Commercial/Light Industrial; specific uses remain subject to applicable approvals.
Along N New Warrington Road in Pensacola, the site has approximately 430 feet of road frontage and exposure to 32,500 vehicles per day. Access is noted to W Jackson Street, U.S. Highway 98, and Downtown Pensacola.
Along N New Warrington Road in Pensacola, the site has approximately 430 feet of road frontage and exposure to 32,500 vehicles per day. Access is noted to W Jackson Street, U.S. Highway 98, and Downtown Pensacola.
Key Highlights
- Two buildings with a combined 15,440 square feet
- Approximately 2.98 acres with about 430 feet of road frontage
- Traffic exposure of 32,500 vehicles per day
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$174,506
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,490,120
$3.5M
Cap Rate 7%
$2,492,943
$2.5M
Cap Rate 9%
$1,938,956
$1.9M
Market Conditions
NOI Build-Up for 15,440 SF
Gross rent
$277.9K $18.00/SF
− Vacancy
−$28.6K −$1.85/SF
EGI
$249.3K $16.15/SF
− OpEx
−$74.8K −$4.84/SF
NOI
$174.5K $11.30/SF
Area
Escambia County, FL
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,490,120
Cap Rate 7%
$2,492,943
Cap Rate 9%
$1,938,956
Alternative Uses
Best Use
Retail
$2.49M
$2.18M – $2.91M
NOI $174,506 @ 7.0% cap · market cap 5.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.53M
$3.97M – $5.29M
NOI $317,200 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
32,500 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
363
Businesses Nearby
55k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Dining 41%
Hotels & Casinos 2%
Whataburger
Dining
22,743 visits/mo
0.5 miles
Circle K
Shops & Services
17,519 visits/mo
0.2 miles
Cumberland Farms
Shops & Services
8,403 visits/mo
0.2 miles
Family Dollar
Shops & Services
2,901 visits/mo
0.4 miles
Holiday Inn Express & Suites Pensacola West-Navy Base
Hotels & Casinos
1,365 visits/mo
0.5 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Two buildings offer 15,440 square feet of commercial space in a heavy commercial/light industrial setting.
Where is this retail space located?
The property is located at 705 N New Warrington Rd Pensacola, FL.
What is the asking price?
The asking price for this property is $2,990,000.
What are key features of this property?
This property features: Two buildings with a combined 15,440 square feet; Approximately 2.98 acres with about 430 feet of road frontage; Traffic exposure of 32,500 vehicles per day
