1717 W Government St, Pensacola, FL 32502
Commercial lot in quiet neighborhood with large fenced yard.
- Added:
- Nov 15, 2024
- Days on Market:
- 599
- Last Refresh:
- May 12 at 10:26 pm
Property Features for 1717 W Government St
General Information
- Standard status
- Active
- Size
- 848 SF
- Lot size
- 0.17 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1935
Listing office Gunther Properties (850) 748-4152
Listing date Nov 15, 2024
Source Crexi
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 Gunther Properties
HighLights
- C‑3 Commercial Zoning: Offering significant flexibility for various intensive business uses.
- Large Fenced Yard: Enjoy ample outdoor space on this almost quarter‑acre (60'x125') lot.
- New Roof and Plumbing, Newer HVAC: Reduces potential maintenance costs and offers modern comfort.
- Rental Income: Currently rented for $1,500/month, providing immediate income potential.
- Ample Parking: Enough room to park a boat, RV, or multiple vehicles.
- Prime Location: Walking distance to popular restaurants and Emerald Republic Brewery.
Overview
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 | $21.3k | $25.08 |
| − Vacancy | −$2.2k | −$2.59 |
| EGI | $19.1k | $22.49 |
| − OpEx | −$4.8k | −$5.62 |
| NOI | $14.3k | $16.87 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Pensacola
- County
- Escambia
- State
- Florida
- Longitude
- -87.2369224
- Latitude
- 30.4074604