Updated Condo with Oak
7225 W Fairfield Dr B5, Pensacola, FL 32506
Renovated condo with oak trees, suitable for Airbnb.
Type:Condo/Townhome
Property size:
1,026 SFLot size:
4.90 AcresPrice / SF:
$126/SF- Added:
- Mar 24, 2026
- Days on Market:
- 61
- Last Refresh:
- Apr 5 at 11:12 pm
Property Features for 7225 W Fairfield Dr B5
General Information
- Standard status
- Active
- Size
- 1,026 SF
- Lot size
- 4.90 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1983
Listing agent Michael Russo License #REB.0017244
Listing office NE Real Estate Services (401) 885-5400
Listing date Mar 24, 2026
Source Exitrealty
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 NE Real Estate Services
HighLights
- Completely renovated unit - never lived in since renovation.
- No short‑term rental restrictions allowed.
- New 2.5 Ton HVAC system installed.
- Almost 5 acres of land with mature oak trees.
- New security gates installed within the last year.
- TREX flooring on stairwell landing and porch deck.
Overview
This updated condo is located within a property featuring numerous oak trees, providing shaded areas throughout the nearly 5-acre grounds. The unit has been renovated from top to bottom within the last 6 months and has not been occupied since the renovation. Updates include TREX flooring on the stairwell landing and porch deck, along with three new windows with screens. Fans, lights, light switches, and electrical outlets have also been replaced. A new 2.5-ton HVAC system has been installed. Short-term rentals are permitted, making this property suitable for Airbnb or VRBO rentals. The property has security gates installed within the last year.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$103.0K
NOI $9,270 @ 9.00% cap · cautious / downside scenario
Moderate
$132.4K
NOI $9,270 @ 7.00% cap · market / base-case scenario
Aggressive
$185.4K
NOI $9,270 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.6k | $19.08 |
| − Vacancy | −$2.7k | −$2.65 |
| EGI | $16.9k | $16.43 |
| − OpEx | −$7.6k | −$7.39 |
| NOI | $9.3k | $9.04 |
1,026 SF · lease $19.08/SF/yr · vacancy 13.90% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$132.4K
$115.9K – $154.5K
NOI $9,270 @ 7.0% cap · market cap 7.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$301.1K
$263.5K – $351.3K
NOI $21,078 @ 7.0% cap · market cap 16.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Hollinger Photography LLC
Photography Service
Location Insight
- Map
- Local Demand
- City
- Pensacola
- County
- Escambia
- State
- Florida
- Longitude
- -87.310143
- Latitude
- 30.4278226
Nearby Similar for Sale
FAQs
What type of property is this?
Residential income property - Renovated condo with oak trees, suitable for Airbnb.
Where is this residential income property located?
The property is located at 7225 W Fairfield Dr B5 Pensacola, FL.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: Completely renovated unit - never lived in since renovation.; No short‑term rental restrictions allowed.; New 2.5 Ton HVAC system installed.
