Historic Pensacola Building For
16 West La Rua Street Pensacola, FL 32501
For Sale
$815,000
Charming historic building in Pensacola's vibrant arts and culture scene.
Property Size3,038 SF
Price / SF$268.27
Days on Market245
Property Features for 16 West La Rua Street
General Information
- Standard status
- Active
- Size
- 3,038 SF
- Property subtype
- Office
Building Details
- Year Built
- 1900
Listing Agency:
Bellcore Commercial LLC
(850) 232-2587
Listed By:
Robert Bell · License #FL #SL698346
(850) 232-2587
Source:
Bellcorecommercial
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Jul 23 at 4:08AM
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 Bellcore Commercial LLC
Investment Insights
Based on property information with market context.
This historic building, constructed in 1900, offers 3,038 square feet of space and is zoned PR-2, allowing for versatile usage. The property is ideally suited for use as an office, creative space, or loft. Located in the heart of the Pensacola area, the property offers investment potential, blending historic architecture with modern possibilities. The surrounding neighborhood features a thriving arts and culture scene, with renowned eateries, galleries, and boutiques. Nearby landmarks include the Pensacola Museum of Art and the Palafox Market. The location also offers proximity to the scenic waterfront and historic sites, presenting an investment opportunity within a dynamic community that blends creativity and commerce.
Key Highlights
- Prime location in the heart of the Pensacola area, offering access to a thriving arts and culture scene, renowned eateries, galleries, and boutiques.
- Versatile PR‑2 zoning allows for office, creative, or loft space.
- Charming 3,038 SF historic building built in 1900, brimming with character and unique architectural details.
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 | $76.2k | $25.08 |
| − Vacancy | −$7.9k | −$2.59 |
| EGI | $68.3k | $22.49 |
| − OpEx | −$17.1k | −$5.62 |
| NOI | $51.2k | $16.87 |
3,038 SF · lease $25.08/SF/yr · vacancy 10.34% · expense 25.00%
Alternative Uses
Best Use
Office B
$731.9K
$640.5K – $853.9K
NOI $51,236 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$891.6K
$780.2K – $1.04M
NOI $62,413 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Anderson James D ...
Engineer
Anderson Kathleen Attorney ...
Law Firm
FAQs
What type of property is this?
Office units - Charming historic building in Pensacola's vibrant arts and culture scene.
Where is this office units located?
The property is located at 16 West La Rua Street Pensacola, FL.
What is the asking price?
The asking price for this property is $815,000.
What are key features of this property?
This property features: Prime location in the heart of the Pensacola area, offering access to a thriving arts and culture scene, renowned eateries, galleries, and boutiques.; Versatile PR‑2 zoning allows for office, creative, or loft space.; Charming 3,038 SF historic building built in 1900, brimming with character and unique architectural details.
