Industrial Land with Office
8701 N Palafox Street Pensacola, FL 32534
8701 N Palafox Street, Pensacola, FL, 32534
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For Sale
Contact for pricing
2-acre industrial yard with three red iron outbuildings and a recently renovated 4,500 sq ft office.
Property Size7,216 SF
Price / SF$166.30
Days on Market125
Property Features for 8701 N Palafox Street
General Information
- Standard status
- Active
- Size
- 7,216 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1958
Listing agency
Realty World Curri Properties
(321) 213-9696
Listed by
John Curri · License #3105835
Source
Crexi
Added: Mar 20 Updated: Jul 21 at 7:03AM Checked: Jul 21 at 7:03AM
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 Realty World Curri Properties
Investment Insights
Based on property information with market context.
This for-sale industrial property includes approximately 2 acres of land featuring three red iron metal outbuildings and a recently renovated 4,500 sq ft office space. The office has been remodeled from top to bottom with updates that include new HVAC, impact windows and doors, a new roof, new flooring, and new electrical, creating a turnkey setup for day-to-day operations.
The site spans between two roads and is located near Pensacola Blvd, about 2 miles from I-10, supporting convenient regional access.
The combination of yard space, multiple outbuildings, and an improved office makes the property practical for a range of industrial and specialty trade users that need both outdoor storage and dedicated workspace.
The site spans between two roads and is located near Pensacola Blvd, about 2 miles from I-10, supporting convenient regional access.
The combination of yard space, multiple outbuildings, and an improved office makes the property practical for a range of industrial and specialty trade users that need both outdoor storage and dedicated workspace.
Key Highlights
- 2‑acre industrial yard with access between 2 roads
- Recently renovated 4,500 SF office space (remodeled top to bottom)
- New HVAC, impact windows and doors, and new roof in the office
Local Financial Insights For Flex RnD
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 | $140.3k | $19.44 |
| − Vacancy | −$14.5k | −$2.01 |
| EGI | $125.8k | $17.43 |
| − OpEx | −$44.0k | −$6.10 |
| NOI | $81.8k | $11.33 |
7,216 SF · lease $19.44/SF/yr · vacancy 10.34% · expense 35.00%
Alternative Uses
Best Use
Office B
$1.74M
$1.52M – $2.03M
NOI $121,698 @ 7.0% cap · market cap 10.14%
Second Best
Flex RnD
$1.17M
$1.02M – $1.36M
NOI $81,753 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$2.12M
$1.85M – $2.47M
NOI $148,246 @ 7.0% cap · market cap 12.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
EcoView Windows, Doors ...
Hardware & Home Improvement
Certified Pro Roofing
Roofing Company
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FAQs
What type of property is this?
Flex space - 2-acre industrial yard with three red iron outbuildings and a recently renovated 4,500 sq ft office.
Where is this flex space located?
The property is located at 8701 N Palafox Street Pensacola, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 2‑acre industrial yard with access between 2 roads; Recently renovated 4,500 SF office space (remodeled top to bottom); New HVAC, impact windows and doors, and new roof in the office
