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Property profile & analytics
OFF-MARKET Estimated value $1,185,000
Flex space

109 Romana St Pensacola, FL 32502-5820

9,109 SF 0.16 ac lot Built 1940
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US18-6379244
Property summary
AI-generated overview

This exceptional 6,600 square foot freestanding office building, situated in downtown Pensacola at the corner of Romana and Baylen Streets, presents a unique investment opportunity. Built in 1985 and renovated in 2018, the single-tenant property boasts a 14-foot ceiling height and a spacious, open floor plan ideal for a variety of uses. The building features two private offices, a modern conference room, and a large training room, providing flexibility for diverse business needs. A substantial kitchen/breakroom and convenient roll-up door with adjacent storage area add to the property's functionality. Ample parking is provided with 25 spaces. The 0.16-acre lot is zoned C-2A in Escambia County, Florida (zip code 32502). This property offers a blend of modern amenities and classic charm, making it an attractive option for businesses seeking a prominent location in a thriving downtown area. The building's single-story design and exposed ceilings contribute to its unique character. The property is entirely vacant, presenting a blank canvas for a new tenant to customize the space to their specific requirements. This is a rare opportunity to acquire a well-maintained, centrally located office building in a desirable Pensacola neighborhood.

Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1940
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 9,109 SF
Lot 0.16 ac (6,969 SF)
Zoning code C-2A
APN 00-0S-00-9001-002-192
UPID US18-6379244
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
Current use
Occupant on record · Public records
  • Yotrio Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.18M
Blend (final) Blend
$1.19M
Owner & transaction history
One Pensacola Plaza LLC · 6 yrs held
One Pensacola Plaza LLC
since 2020
3 recorded transactions
2020
Price N/A
2010
Price N/A
1969
Price N/A
Zoning & alternative use
C-2A · Pensacola, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $1.5M +37.3%
Neighborhood: shopping center $1.4M +30.0%
Auto repair, garage $1.3M +18.5%
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