New Construction
For Sale
$410,000
Pending
8721 Figland Ave, Pensacola, FL 32514
Residential Income, Pensacola, FL
Property Size2,398 SF
Days on Market56
Property Features for 8721 Figland Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Lot features
Central Access
Elementary school
Lincoln Park
Middle school
BEULAH
High school
Pine Forest
Directions
Highway 29 to W Detroit Blvd, Take W Detroit Blvd to Figland Ave. Take Figland Ave North to the unit on the left.
Standard status
Pending
APN
111S301901001016
Size
2,398 SF
Taxes and HOA fees
Tax Description
LTS 1 TO 5 BLK 16 ENSLEY PLAT DB 87 P 244 OR 9527 P 1358
Legal Description
LTS 1 TO 5 BLK 16 ENSLEY PLAT DB 87 P 244 OR 9527 P 1358
Utilities
Heating system
Heat Pump (Heating), Central
Amenities
granite countertops
tile flooring
Building Details
Year built
2026
Number of units
2
Roof type
Shingle
Listing Agency:
Ross And Co.
(850) 807-4060
Listed By:
Lawrence Bonck · License #11244
(850) 499-1103
Added: Aug 13
Changed: Sep 5
Last Checked: Oct 7 at 5:06PM
MLS# 687426
Copyright © 2026 Pensacola Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex is under construction with 2,398 square feet of property size and a scheduled 2026 build year. Interior specifications include granite countertops in the kitchen and bathrooms, along with tile flooring throughout both units. A 10-year structural builders' warranty is also noted.
The property is located at 8721 Figland Ave in Pensacola, Florida 32514. Heating is provided by a central heat pump system, and the building is designed with a shingle roof. Finish colors and selected options may vary from the representative photos referenced in the property information.
The property is located at 8721 Figland Ave in Pensacola, Florida 32514. Heating is provided by a central heat pump system, and the building is designed with a shingle roof. Finish colors and selected options may vary from the representative photos referenced in the property information.
Key Highlights
- 2,398 square feet of property size
- Under construction with a 2026 build year
- Granite countertops planned for kitchens and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,601
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$472,020
$472.0K
Cap Rate 7%
$337,157
$337.2K
Cap Rate 9%
$262,233
$262.2K
Market Conditions
NOI Build-Up for 2,398 SF
Gross rent
$38.8K $16.20/SF
− Vacancy
−$5.1K −$2.14/SF
EGI
$33.7K $14.06/SF
− OpEx
−$10.1K −$4.22/SF
NOI
$23.6K $9.84/SF
Area
Escambia County, FL
Vacancy
13.21%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$472,020
Cap Rate 7%
$337,157
Cap Rate 9%
$262,233
Alternative Uses
Best Use
Multifamily LT 5
$337.2K
$295.0K – $393.4K
NOI $23,601 @ 7.0% cap · market cap 5.76%
Second Best
Apartment 5plus
$309.5K
$270.8K – $361.1K
NOI $21,667 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$703.8K
$615.8K – $821.1K
NOI $49,265 @ 7.0% cap · market cap 12.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
599
Businesses Nearby
Explore this area
Business Placement
Demographics for 32514, FL
40,844
Population
19,117
Households
2.1
Avg Household Size
39
Median Age
33%
College-Educated
91%
High-School Grad
19.8 sq mi
ZIP Area
2,063
Density / Sq Mi
$66,484
Median Household Income
$36,178
Median Earnings
$1,358
Median Rent
$241,300
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 Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Under-construction duplex with granite countertops and tile flooring throughout the units.
Where is this duplex located?
The property is located at 8721 Figland Ave Pensacola, FL.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: 2,398 square feet of property size; Under construction with a 2026 build year; Granite countertops planned for kitchens and bathrooms
