Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    5406 Lillian Hwy Pensacola, FL 32506

    For Lease
    $6 SF/Yr ($2,001 /Mo)

    Spacious Office Building, Renovation Possible

    Lot size:
    3,496 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This 3,496 square foot office building, located at 5406 Lillian Highway, presents a unique opportunity for a prospective tenant. The property sits on one acre of land and is classified as a Class C building. Currently, the entire space (3,496 square feet) is vacant and available for lease. The building's previous use was as a YMCA, resulting in a mostly open floor plan. Existing features include an office, storage area, and restrooms. However, the property requires some renovations. Specifically, the building needs new wiring and plumbing repairs, along with other unspecified work. For a qualified tenant, the owner is willing to undertake these necessary repairs and incorporate the cost into the lease terms through amortization. This presents a chance to acquire a sizable office space at a potentially advantageous price point, considering the owner's willingness to contribute to renovations. The flexible layout allows for customization to suit a variety of business needs. The one-acre lot offers ample space for parking or future expansion. This property is ideal for a business seeking a large, adaptable space with potential for significant cost savings through negotiated renovations. Serious inquiries are encouraged.

    Property Features for 5406 Lillian Hwy

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,496 SF
    Class
    C
    Total Rate
    2001.46

    Unit(s) available at that property

    Space
    5406 Lillian Hwy
    Size
    3,496 SF
    Rate per SF
    $6

    HighLights

    • Class C office building totaling 3,496 square feet.
    • Entire building (3,496 sq ft) is currently vacant.
    • Located on one acre of land.
    • Suitable for multiple tenants.
    • Former YMCA building; features open space, office, storage, and restrooms.
    • Requires updates including electrical rewiring and plumbing repairs; landlord may consider leasehold improvements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Myrtle Grove Head ... Preschool Myrtle Grove Family ... Non-Profit Organization

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.2910692
    Latitude
    30.4266602

    Nearby Similar for Lease

    • $9 SF/Yr
      2,995 SF

      Midtown Pensacola Retail Space

      Prime 2,995 SF retail space, ideal for various uses.
      14 W Jordan St, Pensacola, FL 32501
      View Details
    • $550 /Mo
      200 SF

      Pensacola Office Space: 200 SF Lease

      Prime Pensacola office, short-term lease available.
      21 South Tarragona Street, Suite 103, Pensacola, FL 32502
      View Details
    • $34 SF/Yr
      2,224 SF

      Prime Pensacola Retail Space

      New 2,224 SF retail/office space available.
      620 E 9 Mile Road, Pensacola, FL 32514
      View Details
    • $2,995 /Mo
      3,286 SF

      Pensacola Flex Space: 3286 SF

      Modern Pensacola flex space, ideal for R&D. High-ceiling warehouse space.
      1300 N Palafox St, Suites 101-106, Pensacola, FL 32501
      View Details
    • $30 SF/Yr
      2,648 SF

      Pensacola Bayfront Office Space

      Class A office, stunning bay views, ample parking.
      850 S Palafox St, Pensacola, FL 32502
      View Details
    • $20 SF/Yr
      2,112 SF

      Bayou Blvd Medical Office Suite 4

      Prime Pensacola Medical Office Space
      5120 Bayou Blvd, Pensacola, FL 32504
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Spacious Office Building, Renovation Possible
    Where is this office property / space located?
    The property is located at 5406 Lillian Hwy Pensacola, FL.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: Class C office building totaling 3,496 square feet.; Entire building (3,496 sq ft) is currently vacant.; Located on one acre of land.
    Request Owner's contact information
    5406 Lillian Hwy Pensacola, FL 32506
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5406 Lillian Hwy
    Pensacola, FL 32506
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    5406 Lillian Hwy Pensacola, FL 32506
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.