Building Details

Year Built 1988

Year Renovated 2015

Buildings 1

Parking Ratio 5 per 1,000 SF

Listing Agency: Stirling | Pensacola Show Phone

Listed By: Stacy Taylor, CCIM, SIOR Show Phone

Source: Moodyscre

Added: Sep 30 Changed: Oct 3 Last Checked: Oct 5 at 7:05PM

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Investment Insights

Based on property information with market context.

This freestanding medical office building contains 5,292 square feet on approximately 3.30 acres spanning two parcels. Its clinical layout includes eight exam rooms, five offices, multiple nurse stations, a conference room, a break room, and a waiting area with two check-in stations. Constructed in 1988, the building underwent redevelopment in 2015.

The property fronts Scenic Highway (US 90), with additional access from Addison Drive. On-site parking is provided at a ratio of 5 spaces per 1,000 square feet. The site also offers land area for parking and potential expansion.

Key Highlights

• 5,292 SF freestanding medical office building
• Approximately 3.30 acres across two parcels
• Eight exam rooms, five offices, and multiple nurse stations

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$89,250

Cap Rate

5.41%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,785,000 $1.8M

Cap Rate 7%

$1,275,000 $1.3M

Cap Rate 9%

$991,667 $991.7K

Market Conditions

NOI Build-Up for 5,292 SF

Gross rent

$132.7K $25.08/SF

− Vacancy

−$13.7K −$2.59/SF

EGI

$119.0K $22.49/SF

− OpEx

−$29.7K −$5.62/SF

NOI

$89.2K $16.87/SF

Area

Escambia County, FL

Vacancy

10.34%

Lease Rate

$25.08 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,785,000

Cap Rate 7%

$1,275,000

Cap Rate 9%

$991,667

Alternative Uses

Best Use

Office B

$1.27M

$1.12M – $1.49M (±1% cap)

NOI $89,250 @ 7.0% cap · market cap 5.41%

Second Best

Healthcare Medical

$1.02M

$892.5K – $1.19M (±1% cap)

NOI $71,400 @ 7.0% cap · market cap 4.33%

Theoretical Best

Office A

$1.55M

$1.36M – $1.81M (±1% cap)

NOI $108,719 @ 7.0% cap · market cap 6.59%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Coyle Institute Physician Abby Moore Physician Catherine Brankin Physician Amy Stone Physician Jessica Rogers Physician

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Dental Office Auto Repair Shop Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

195

Businesses Nearby

Balanced

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

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

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What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Configured for clinical care, the facility includes exam rooms, provider offices, nurse stations, and a two-station reception area.

Where is this medical office space located?

The property is located at 9295 Scenic Hwy Pensacola, FL.

What is the asking price?

The asking price for this property is $1,650,000.

What are key features of this property?

This property features: 5,292 SF freestanding medical office building; Approximately 3.30 acres across two parcels; Eight exam rooms, five offices, and multiple nurse stations