Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2370 Palafox St Pensacola, FL 32501

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Large industrial warehouse, ideal location.

    Lot size:
    24,349 SF

    Property Features for 2370 Palafox St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,349 SF
    Total Rate
    15218.13

    Spaces For Lease

    at 2370 Palafox St, Pensacola, FL 32501 Contact us
    Unit Available Space 1

    $7 /Mo

    Size
    25,349 SF
    Contact us

    We can help!

    Listing Contact
    Susan Carroll
    Susan Carroll

    Listing Agency: Coldwell Banker Commercial Listing Agent: Susan Carroll

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional Pensacola industrial property offers over 25,000 square feet of warehouse space, perfectly suited for various manufacturing, distribution, or warehousing needs. Strategically located for easy access to I-110, less than half a mile away, ensuring efficient transportation and logistics. The unit boasts a flexible layout with varying ceiling heights: 18 feet in approximately half the space and 14 feet in the remainder. Access is convenient with three roll-up doors: one 14'x14' grade-level door, one 9'x14' roll-up door with a dock well, and a 17'x14' grade-level door. On-site amenities include two offices and a restroom. Recent upgrades enhance the property's value, including a new roof or new roof coatings, fresh exterior paint, energy-efficient LED lighting, and a recently sealed parking lot. The property also features a fully gated yard shared with other tenants, with approximately half an acre potentially dedicated to this unit. Available August 24, 2024. Zoned C-3. The property is comprised of one suite within a larger complex. Please note that the minimum divisible square footage is 25,349 square feet. Two months free rent is currently being offered.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bare Hand Collective Coworking & Hybrid Office AMD Supply LLC Building Supply PressBox Marketing & Advertising Blake Jones Photo ... Photography Service Monix Studio Film Production

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.2201139
    Latitude
    30.4360882

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      FL, Pensacola – 545 Brent Lane

      Workspaces, services and support to help you work better in Frisco Square
      545 Brent Ln Pensadola, Pensacola, FL 32503
      View Details
    • $1.75 SF/Yr

      8625 Gulf Beach Hwy

      Industrial properties
      8625 Gulf Beach Hwy, Pensacola, FL 32507
      View Details
    • $26 SF/Yr

      7700 West Fairfield Dr, Unit pensacola

      Fully Built-Out Turnkey Restaurant Space Available for Lease
      7700 West Fairfield Dr, Pensacola, FL 32506
      View Details
    • $2,200 /Mo
      6,000 SF

      Airstream Restaurant Space Available

      Airstream restaurant space for rent in downtown Pensacola.
      501 S Palafox St, Pensacola, FL 32502
      View Details
    • $1,500 /Mo
      18,626 SF

      Restaurant Opportunity at Osceola Golf

      Lease restaurant operations with full kitchen, bar, and golf concessions.
      300 Tonawanda Dr, Pensacola, FL 32506
      View Details
    • $6,465 /Mo
      8,084 SF

      Functional Industrial Facility on Palafox

      7,698 SF industrial facility with warehouse and office space for lease.
      2370 N Palafox St, Pensacola, FL 32501
      View Details
    • $2,000 /Mo
      6,000 SF

      Fenced Flex Space Near Highway

      3,000 SF flex space with office near I-10 and Hwy 29.
      8670 Fowler Ave, Pensacola, FL 32534
      View Details
    • $8 SF/Yr
      5,000 SF

      Pensacola Retail & Warehouse Space

      Retail and warehouse space available in rapidly growing Pensacola trade area.
      3110 N Davis Hwy, Pensacola, FL 32503
      View Details
    • $550 /Mo
      10,236 SF

      Downtown Pensacola Executive Office Suites

      Full-service executive space in Historic Downtown Pensacola, newly renovated.
      201 E Government St, Pensacola, FL 32502
      View Details
    • $20 SF/Yr
      3,524 SF

      Functional Office Building in Pensacola

      Single-story office building suitable for medical or professional use.
      511 Phyllis St, Pensacola, FL 32503
      View Details
    • $1,300 /Mo
      150 SF

      Unique Office Space For Rent

      Office space with high ceilings and exposed brick walls.
      700 S Palafox St, Pensacola, FL 32501
      View Details
    • $200 SF/Yr
      8,500 SF

      Modern Executive Office Suites Available

      Newly renovated office suites with inclusive lease and modern amenities.
      8180 Pensacola Blvd, Pensacola, FL 32534
      View Details

    FAQs

    What type of property is this?
    Distribution property - Large industrial warehouse, ideal location.
    Where is this distribution property located?
    The property is located at 2370 Palafox St Pensacola, FL.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: Industrial warehouse totaling 24,349 square feet.; Available space: 25,349 square feet (entire unit).; Multiple tenants, one suite available.
    (850) 384-8292 Call to check price and availability
    Request Owner's contact information
    2370 Palafox St Pensacola, FL 32501
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2370 Palafox St
    Pensacola, FL 32501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2370 Palafox St Pensacola, FL 32501
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Susan Carroll
    Susan Carroll
    (850) 384-8292 (850) 384-8282 (850) 470-0713
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!