Pensacola Freestanding Office
824 E La Rua St Pensacola, FL 32501
824 E La Rua St, Pensacola, FL, 32501
$500,000
For Sale
$500,000
Two-story office building in Pensacola's historic downtown and waterfront area.
Property Size1,964 SF
Lot Size0.13 Acres
Price / SF$254.58
Days on Market171
Property Features for 824 E La Rua St
General Information
- Standard status
- Active
- Size
- 1,964 SF
- Lot size
- 0.13 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1900
Listing Agency
Bellcore Commercial LLC
(850) 232-2587
Listed by
Robert Bell · License #FL #SL698346
(850) 232-2587
Source
Bellcorecommercial
Added: Jan 27 Checked: Jul 17 at 3:46 am
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.
This two-story freestanding office building, located in Pensacola, Florida, offers 1,964 square feet of flexible space on a 0.126-acre lot. Situated at the corner of E La Rua St and 9th Ave, the property benefits from high visibility and accessibility, with close proximity to historic downtown Pensacola and the waterfront. Constructed in 1900 and classified as Building Class B, the property includes surface parking and multiple restrooms. The roof and HVAC system were replaced in 2021. The interior layouts are versatile, suitable for professional offices, creative workspaces, or boutique services. Zoned OEHC-1, the property supports a range of commercial uses. The location offers a blend of cultural heritage, dining, and commercial activity. Nearby attractions include Pensacola Naval Air Station, the National Naval Aviation Museum, and Seville Square, making it a compelling opportunity for investors.
Key Highlights
- Prime corner lot location at E La Rua St & 9th Ave, offering strong visibility and easy accessibility.
- 1,964 SF of flexible space suitable for professional offices, creative workspaces, or boutique services.
- Zoned OEHC‑1, supporting a wide range of commercial uses.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.3k | $25.08 |
| − Vacancy | −$5.1k | −$2.59 |
| EGI | $44.2k | $22.49 |
| − OpEx | −$11.0k | −$5.62 |
| NOI | $33.1k | $16.87 |
1,964 SF · lease $25.08/SF/yr · vacancy 10.34% · expense 25.00%
Alternative Uses
Best Use
Office B
$473.2K
$414.0K – $552.1K
NOI $33,123 @ 7.0% cap · market cap 6.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$576.4K
$504.4K – $672.5K
NOI $40,349 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Stephanie Johnson, D.O
Medical Clinic
Kaya Life: Medical ...
Alternative Medicine Practice
Simply Elegant Couture
Clothing & Fashion Store
Kaya Life Cannabis ...
Alternative Medicine Practice
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FAQs
What type of property is this?
Office building - Two-story office building in Pensacola's historic downtown and waterfront area.
Where is this office building located?
The property is located at 824 E La Rua St Pensacola, FL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Prime corner lot location at E La Rua St & 9th Ave, offering strong visibility and easy accessibility.; 1,964 SF of flexible space suitable for professional offices, creative workspaces, or boutique services.; Zoned OEHC‑1, supporting a wide range of commercial uses.
