Restored 1905 Queen Anne
921 N Palafox St Pensacola, FL 32501
921 N Palafox St, Pensacola, FL, 32501
$749,000
For Sale
$749,000
Beautifully restored 3000 SF office building with historic charm.
Property Size3,000 SF
Price / SF$249.67
Days on Market146
Property Features for 921 N Palafox St
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 1908
Listing agency
NAI Pensacola
(850) 380-6150
Listed by
DeeDee Davis · License #FL #BK3420583
(850) 380-6150
Source
Naiglobal
Added: Feb 26 Updated: Jul 10 at 1:13PM Checked: Jul 10 at 1:13PM
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 NAI Pensacola
Investment Insights
Based on property information with market context.
This carefully restored 3000 square foot, two-story Queen Anne building, constructed circa 1905, retains its original architectural integrity while offering updated systems and finishes. Renovated in 2008, every renovation was thoughtfully executed to preserve the building’s historic charm and craftsmanship. The property features seven spacious rooms and three restrooms with ADA accessibility. Climate control is provided by two HVAC systems, one installed in 2013 and the other in 2024. The roof was also replaced in 2024. Additional features include a full lawn sprinkler system, a kitchen, front access steps, a front wrap-around porch across the face of the building, rear ground-level access entry, rear second-floor exterior stairs, a beautifully hardscaped paver front drive and parking areas, a server room, and ample storage closets. The property is located at 921 N Palafox St in Pensacola, FL 32501.
Key Highlights
- Beautifully restored 1905 Queen Anne with original architectural integrity.
- Updated systems include new roof (2024) and HVAC (2013, 2024).
- 3 ADA compliant restrooms.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.2k | $25.08 |
| − Vacancy | −$7.8k | −$2.59 |
| EGI | $67.5k | $22.49 |
| − OpEx | −$16.9k | −$5.62 |
| NOI | $50.6k | $16.87 |
3,000 SF · lease $25.08/SF/yr · vacancy 10.34% · expense 25.00%
Alternative Uses
Best Use
Office B
$722.8K
$632.4K – $843.3K
NOI $50,595 @ 7.0% cap · market cap 6.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$880.5K
$770.4K – $1.03M
NOI $61,632 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Law Office of Gary ...
Law Firm
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FAQs
What type of property is this?
Office building - Beautifully restored 3000 SF office building with historic charm.
Where is this office building located?
The property is located at 921 N Palafox St Pensacola, FL.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Beautifully restored 1905 Queen Anne with original architectural integrity.; Updated systems include new roof (2024) and HVAC (2013, 2024).; 3 ADA compliant restrooms.
