Office Unit with Reception
For Sale
Contact for pricing
913 Gulf Breeze Pkwy Ste 34, Gulf Breeze, FL 32561
Professional suite with enclosed offices, a reception area, bathroom, and kitchenette.
Property Size1,360 SF
Price / SF$198.46
Days on Market95
Property Features for 913 Gulf Breeze Pkwy Ste 34
General Information
Standard status
Active
Size
1,360 SF
Property subtype
OFFICE
Additional Details
HOA Fee
$230
Office Units
1
Listing Agency:
RE/MAX HORIZONS REALTY
(850) 572-2615
Listed By:
Darlene Hammond · License #BK623227
(850) 572-2615
Source:
Moodyscre
Added: May 7
Changed: Aug 9
Last Checked: Aug 9 at 11:29AM
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 RE/MAX HORIZONS REALTY
Investment Insights
Based on property information with market context.
This commercial office unit contains approximately 1,360 total SF arranged with four enclosed office spaces, an open reception area, bathroom, and kitchenette. The interior layout can be reconfigured to create a more open reception or collaborative workspace, supporting flexibility for professional office or retail use.
The property is located at 913 Gulf Breeze Pkwy, Ste 34, in Gulf Breeze, Florida, with access to Pensacola and visibility from the surrounding area. The unit is also identified as suitable for an owner-user or investment property.
The property is located at 913 Gulf Breeze Pkwy, Ste 34, in Gulf Breeze, Florida, with access to Pensacola and visibility from the surrounding area. The unit is also identified as suitable for an owner-user or investment property.
Key Highlights
- Approximately 1,360 total SF
- Four enclosed office spaces with open reception area
- Bathroom and kitchenette included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,059
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$321,180
$321.2K
Cap Rate 7%
$229,414
$229.4K
Cap Rate 9%
$178,433
$178.4K
Market Conditions
NOI Build-Up for 1,360 SF
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.
Gross rent
$26.1K $19.20/SF
− Vacancy
−$4.7K −$3.46/SF
EGI
$21.4K $15.74/SF
− OpEx
−$5.4K −$3.94/SF
NOI
$16.1K $11.81/SF
Area
Santa Rosa County, FL
Vacancy
18.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$321,180
Cap Rate 7%
$229,414
Cap Rate 9%
$178,433
Alternative Uses
Best Use
Office B
$229.4K
$200.7K – $267.7K
NOI $16,059 @ 7.0% cap · market cap 5.95%
Second Best
Retail
$209.1K
$182.9K – $243.9K
NOI $14,634 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$334.9K
$293.0K – $390.7K
NOI $23,442 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
856
Businesses Nearby
Explore this area
Business Placement
Demographics for 32561, FL
9,241
Population
6,591
Households
1.4
Avg Household Size
51
Median Age
60%
College-Educated
96%
High-School Grad
12.0 sq mi
ZIP Area
770
Density / Sq Mi
$119,042
Median Household Income
$65,417
Median Earnings
$1,535
Median Rent
$576,100
Median Home Value
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 units - Professional suite with enclosed offices, a reception area, bathroom, and kitchenette.
Where is this office units located?
The property is located at 913 Gulf Breeze Pkwy Ste 34 Gulf Breeze, FL.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Approximately 1,360 total SF; Four enclosed office spaces with open reception area; Bathroom and kitchenette included
