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    25 Cedar St Pensacola, FL 32502

    For Sale
    $14,000,000

    Prime Pensacola waterfront office, 69,213 SF, 7.64% Cap Rate

    Property size:
    69,213 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional Class A office building, Harbourview on the Bay, presents a compelling investment opportunity in the heart of downtown Pensacola, Florida. Boasting 69,213 square feet across six stories, this multi-tenant property currently enjoys 100% occupancy with 27 tenants. The building, constructed in 1986 and extensively renovated between 2017 and 2022, offers stunning waterfront views of Pensacola Bay, Palafox Pier Marina, and Plaza de Luna Park. The asking price is $14,000,000, representing a strong 7.64% capitalization rate and a price per square foot of $202.27. A significant advantage is the ample parking, providing 300 spaces per 1,000 square feet, housed in a 74,000 square foot covered garage structure. Two elevators and shared bathrooms are conveniently located throughout the building. Its prime downtown location places it within easy walking distance of a vibrant restaurant and social scene, the Blue Wahoos Stadium, the theater and arts district, and various shopping and entertainment options. The property's strong NOI of $1,070,277 further underscores its financial stability and potential for continued growth. The lease type is modified, and the property features a single building with the APN 000S009100002034. This is a rare opportunity to acquire a high-performing, well-located, and beautifully maintained Class A office building in a thriving Florida market.

    Property Features for 25 Cedar St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    69,213 SF
    Class
    A

    Building Details

    Year Built
    1986
    Buildings
    1
    Stories
    6

    HighLights

    • Class A, 69,213 SF, six‑story office building in downtown Pensacola, FL.
    • 100% occupancy with 27 tenants.
    • $14,000,000 asking price, 7.64% cap rate, $202.27/SF.
    • 300 parking spaces (74,000 SF covered garage).
    • Prime downtown location near restaurants, entertainment, and Blue Wahoos Stadium.
    • Strong NOI of $1,070,277.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hometown Properties of the Gulf ... Property Management Company NOLA Lending Group, ... Mortgage Lender HDR Construction Company Ch2m Pensacola Civil Engineer Flores & Flores, P.A. Bookkeeping Service

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.215203564685
    Latitude
    30.406563201921

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Pensacola waterfront office, 69,213 SF, 7.64% Cap Rate
    Where is this office property / space located?
    The property is located at 25 Cedar St Pensacola, FL.
    What is the asking price?
    The asking price for this property is $14,000,000.
    What are key features of this property?
    This property features: Class A, 69,213 SF, six-story office building in downtown Pensacola, FL.; 100% occupancy with 27 tenants.; $14,000,000 asking price, 7.64% cap rate, $202.27/SF.
    (850) 977-6991
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    25 Cedar St Pensacola, FL 32502
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    25 Cedar St Pensacola, FL 32502
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