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Property profile & analytics

1301 W Government St Pensacola, FL 32502

  • Office buildings
  • 8,054 SF
  • 0.75 lot acres
For Sale
Last Sale
Jan 07, 2025
$2,000,000
Value Estimations
Cap Rate Potential
9.2%
Office buildings
Location Intelligence
Property ID
US18-5481956
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Achieve Escambia / Non-Profit Organization
  • Success By 6 / Non-Profit Organization

Property Details for 1301 W Government St

Year built
1960
Construction
STEEL FRAME
Lot size
0.75 lot acres
Property size
8,054 SF
Zone code
C-3
Property type
Office buildings
APN
00-0S-00-9080-001-123
APU
000S009080001123

Description

This exceptional commercial property, located at 1301 W Government St in Pensacola, Florida, offers 16,054 square feet of versatile space. The property comprises two buildings totaling 16,054 square feet, built in 1965 and 2006, and sits on a 0.71-acre lot. The main two-story office building features approximately 8,054 square feet, with a lobby, reception area, seven private offices on each floor, open bullpen areas, restrooms, an elevator, and break rooms. The warehouse component encompasses approximately 8,000 square feet, including 2,609 square feet of finished office space with conference rooms, restrooms, and kitchenettes. An additional 5,391 square feet of unfinished warehouse space is available, featuring a 12' x 12' roll-up door, 14' eave height, and 22' center height. The property includes a backup generator and ample parking with a planned new layout. Zoned C-3 (Commercial), this property benefits from its location within Pensacola's CRA Urban Overlay District, promoting high-quality design. The asking price is $2,395,000, with a price per square foot of $149.18. The property is currently vacant and offered as a NNN lease. Surrounding development includes planned single-family homes, indicating strong future growth potential. This is a unique opportunity to acquire a substantial mixed-use property in a revitalizing downtown area.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $1,575,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $2,415,000
    6.5%
    $2,230,000
    7%
    $2,070,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $979,000
    Market price range: $721k - $1.71M
    AI Estimate
    $979,000
    Market price range: $721k - $1.71M

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Pensacola
County
Escambia
State
Florida
Longitude
-87.2327
Latitude
30.4072
CBSA code
37860
CBSA name
PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$0.00
$0.00
$0.00
$771,775
-
$221,569
$672,151
$893,720
More about this property
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