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Property profile & analytics
OFF-MARKET
Office Spaces

1851 St Mary Ave Pensacola, FL 32501

7,140 SF 0.49 ac lot Built 1990
Property ID
Property summary
AI-generated overview

This 7,140-square-foot Class B office building in Pensacola, Florida, presents a compelling investment opportunity. Located at 1851 St. Mary Ave, this single-story, 1990-built structure sits on a 0.487-acre lot and boasts a distinctive red-tiled roof and stucco exterior. The building features a covered walkway, ample landscaping, and over 50 parking spaces with painted bumpers, accessed via multiple drives from St. Mary Avenue. A secured rear yard provides additional privacy. The interior layout is highly adaptable, currently configured with twenty offices, five restrooms, a large (40' x 32') open area suitable for cubicles or training, and three (20' x 18') rooms ideal for conference use. The building's zoning is COM, and its APN is 172S301600131131. Its convenient mid-city location offers easy access to I-10 and I-110, as well as proximity to Escambia County Administrative services, Baptist Hospital, and Ascension Sacred Heart. The asking price is $2,200,000. This property is currently vacant, offering significant potential for multi-tenant leasing or use as a single corporate headquarters. The building's previous use included medical offices, and it features built-in reception desks with check-in windows and ample storage.

Property profile
Verified
Property type Office Spaces
Year built 1990
Total area 7,140 SF
Lot 0.49 ac (21,214 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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