Corner Flex Building with
For Sale
Contact for pricing
9200/9202 Davis Hwy, Pensacola, FL 32514
Versatile flex-use building with a garage, offices, and warehouse space, positioned for commercial activity at a busy intersection.
Property Size2,863 SF
Lot Size0.64 Acres
Price / SF$227.03
Days on Market96
Property Features for 9200/9202 Davis Hwy
General Information
Standard status
Active
Size
2,863 SF
Lot size
0.64 Acres
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Listing Agency:
EXP Realty, LLC
(888) 883-8509
Listed By:
Olena Ackerman
(850) 529-2019
Source:
Moodyscre
Added: Jun 10
Changed: Sep 10
Last Checked: Sep 13 at 5:30AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This property is a 2,863 SF flex-style building on a 0.64-acre lot. The layout includes a garage, warehouse space, and three offices, along with 2 bathrooms and a shower. The configuration supports a range of commercial uses, including auto shop, warehouse, retail, or office applications, based on the building improvements already in place.
Situated on a corner lot at Davis Hwy and Copter St., the site offers visibility and straightforward access for customers and staff. The public remarks also note convenient access to I-10 and other commercial destinations.
For tenants, owners, or buyers looking for a single-site setup that combines work and customer-facing functions, the property’s office/amenity mix and on-site garage and warehouse area are practical. The building can be considered for automotive-oriented operations that need both workspace and ancillary offices, or for businesses seeking a flexible footprint that can support retail, warehousing, or office use consistent with the stated commercial zoning.
Situated on a corner lot at Davis Hwy and Copter St., the site offers visibility and straightforward access for customers and staff. The public remarks also note convenient access to I-10 and other commercial destinations.
For tenants, owners, or buyers looking for a single-site setup that combines work and customer-facing functions, the property’s office/amenity mix and on-site garage and warehouse area are practical. The building can be considered for automotive-oriented operations that need both workspace and ancillary offices, or for businesses seeking a flexible footprint that can support retail, warehousing, or office use consistent with the stated commercial zoning.
Key Highlights
- 2,863 SF commercial building on a 0.64‑acre lot at the corner of Davis Hwy and Copter St
- Zoned commercial
- Flexible layout for multiple business uses, including auto shop, warehouse, retail, or offices
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
$32,436
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
4.99%
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%
$648,720
$648.7K
Cap Rate 7%
$463,371
$463.4K
Cap Rate 9%
$360,400
$360.4K
Market Conditions
NOI Build-Up for 2,863 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
$55.7K $19.44/SF
− Vacancy
−$5.8K −$2.01/SF
EGI
$49.9K $17.43/SF
− OpEx
−$17.5K −$6.10/SF
NOI
$32.4K $11.33/SF
Area
Escambia County, FL
Vacancy
10.34%
Lease Rate
$19.44 /SF/Yr
Expense Ratio
35.00%
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%
$648,720
Cap Rate 7%
$463,371
Cap Rate 9%
$360,400
Alternative Uses
Best Use
Flex RnD
$463.4K
$405.5K – $540.6K
NOI $32,436 @ 7.0% cap · market cap 4.99%
Second Best
Warehouse
$312.3K
$273.3K – $364.4K
NOI $21,863 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$840.3K
$735.2K – $980.3K
NOI $58,818 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
352
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32514, FL
40,844
Population
19,117
Households
2.1
Avg Household Size
39
Median Age
33%
College-Educated
91%
High-School Grad
19.8 sq mi
ZIP Area
2,063
Density / Sq Mi
$66,484
Median Household Income
$36,178
Median Earnings
$1,358
Median Rent
$241,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile flex-use building with a garage, offices, and warehouse space, positioned for commercial activity at a busy intersection.
Where is this flex space located?
The property is located at 9200/9202 Davis Hwy Pensacola, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2,863 SF commercial building on a 0.64‑acre lot at the corner of Davis Hwy and Copter St; Zoned commercial; Flexible layout for multiple business uses, including auto shop, warehouse, retail, or offices
