Spacious Office Building Near
For Sale
Contact for pricing
900 Garden Gate Cir, Pensacola, FL
Well-maintained office building with high-end finishes near hospitals and airport.
Property Size3,800 SF
Lot Size0.38 Acres
Price / SF$250
Days on Market818
Property Features for 900 Garden Gate Cir
General Information
Standard status
Active
Size
3,800 SF
Lot size
0.38 Acres
Property subtype
OFFICE
Listing Agency:
Connell & Company Realty
(850) 982-3030
Listed By:
Theo Baars · License #3236746
(850) 982-3030
Source:
Moodyscre
Added: May 10, 2024
Changed: Jul 6
Last Checked: Jul 6 at 9:29AM
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 Connell & Company Realty
Investment Insights
Based on property information with market context.
This spacious office building features high-end finishes and a well-planned layout. Its location offers convenient access to hospitals and the International Airport, with major thoroughfares nearby and an I-110 interchange approximately one half-mile away. The building contains six 15' X 15' offices, each featuring 9' ceilings, custom built-in bookshelves, and a window to the outside. The interior includes a large waiting area with vaulted ceilings rising to 14', a spacious conference room/meeting space, and a large admin space that includes an office manager's office. There are also four ADA-compliant bathrooms, a kitchen, and a walk-in storage closet. The flooring consists of commercial-grade, noise-dampening carpeting in the offices and hallways, with tile in the waiting room, kitchen, and wet areas. Solid core interior doors are equipped with high-end hardware. The exterior features a wide roof overhang that covers a 5' sidewalk around the building. The building has been maintained with a water heater replacement in 2017, a roof replacement in 2019, and both AC units replaced since 2019. The commercial-grade carpet was replaced in 2021. A security system and an irrigation system are in place. The property size is 3800 square feet.
Key Highlights
- Convenient location near hospitals, International Airport, and I‑110 interchange.
- Six private offices with custom built‑in bookshelves and natural light.
- Recent major renovations: roof (2019), AC units (since 2019), and carpet (2021).
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 | $95.3k | $25.08 |
| − Vacancy | −$9.9k | −$2.59 |
| EGI | $85.4k | $22.49 |
| − OpEx | −$21.4k | −$5.62 |
| NOI | $64.1k | $16.87 |
3,800 SF · lease $25.08/SF/yr · vacancy 10.34% · expense 25.00%
Alternative Uses
Best Use
Office B
$915.5K
$801.1K – $1.07M
NOI $64,087 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$975.8K – $1.30M
NOI $78,067 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,971
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Well-maintained office building with high-end finishes near hospitals and airport.
Where is this office building located?
The property is located at 900 Garden Gate Cir Pensacola, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Convenient location near hospitals, International Airport, and I‑110 interchange.; Six private offices with **custom built‑in bookshelves and natural light**.; Recent major renovations: roof (2019), AC units (since 2019), and carpet (2021).
