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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1101 Gulf Breeze Pkwy Gulf Breeze, FL 32561

    • Office buildings
    • 44,045 SF
    • 5.28 lot acres
    For Lease
    View listing
    $21 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4168652
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Auto Auction Solutions Inc / (Bike/Boat/Book/etc) Store / Corporate Office
    • M E Electric Inc / Electrical Service / General Contractor
    • FIA Services of Gulf Breeze / Financial Advisor
    • Beacon Coaching & Consulting / Consultant
    • ARM Research / Research Institute

    Property Details for 1101 Gulf Breeze Pkwy

    Year built
    1985
    Construction
    STEEL FRAME
    Lot size
    5.28 lot acres
    Property size
    44,045 SF
    Zone code
    C1
    Property type
    Office buildings
    APN
    04-3S-29-0000-02701-0000
    APU
    043S290000027010000

    Description

    This exceptional 1,220 square foot office suite is available for lease at 1101 Gulf Breeze Parkway, Suite 110, in the desirable Gulf Breeze Proper submarket of Santa Rosa County, Florida. Located on the first floor of a three-story building constructed in 1985, this single-tenant space boasts a newly renovated interior featuring two private offices/rooms and a dedicated IT closet. The suite benefits from convenient access to a shared kitchen and restroom located just outside the suite's entrance. The building itself is part of the Quietwater Office Complex, situated at the base of the Pensacola Beach Bridge, offering a highly visible and accessible location. Building amenities include elevators and a comprehensive fire suppression system, reflecting the Class A quality of the office space. The property is zoned C1 and has an APN of 04-3S-29-0000-02701-0000. This is an ideal opportunity for a business seeking a modern, well-maintained office space in a thriving coastal community. The property's location provides easy access to Pensacola Beach and surrounding areas. This turnkey solution offers immediate occupancy and a professional environment. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,944,000
      Market price range: $3.59M - $8.17M
      AI Estimate
      $4,069,000
      Market price range: $3.20M - $5.71M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $5,845,000
      Current use
      MEDICAL BUILDING
      $7,465,000
      Change: +28% Conversion: Easy
      RETAIL STORES
      $6,900,000
      Change: +18% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $5,780,000
      Change: -1% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gulf Breeze
    County
    Santa Rosa
    State
    Florida
    Longitude
    -87.1581
    Latitude
    30.357
    CBSA code
    37860
    CBSA name
    PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $84,354
    $2,415,423
    $3,815,919
    $6,231,342
    -
    $2,415,423
    $3,815,919
    $6,231,342

    Comparable in this City

    • Value Estimation
      $920,000
      10,693 SF

      10 Portofino Dr

      OFFICE BUILDING • 10,693 SF
      10 Portofino Dr, Gulf Breeze, FL 32561-2465
      View Details
    • Value Estimation
      $645,000
      6,023 SF

      1 Via De Luna Dr

      OFFICE BUILDING • 6,023 SF
      1 Via De Luna Dr, Gulf Breeze, FL 32561-2088
      View Details
    • Value Estimation
      $1,700,000
      18,478 SF

      1110 Gulf Breeze Pkwy

      OFFICE BUILDING (MULTI-STORY) • 18,478 SF
      1110 Gulf Breeze Pkwy, Gulf Breeze, FL 32561-4884
      View Details
    • Value Estimation by Request
      1,997 SF

      60 Northcliffe Dr

      PROFESSIONAL BUILDING • 1,997 SF
      60 Northcliffe Dr, Gulf Breeze, FL 32561-4436
      View Details
    • Value Estimation
      $735,000
      2,264 SF

      1386 Shoreline Dr

      OFFICE BUILDING • 2,264 SF
      1386 Shoreline Dr, Gulf Breeze, FL 32561-4708
      View Details
    • Value Estimation by Request
      2,341 SF

      77 Bay Brg Dr

      PROFESSIONAL BUILDING • 2,341 SF
      77 Bay Brg Dr, Gulf Breeze, FL 32561-4468
      View Details

    Similar Nearby for Sale

    • $1,250,000
      3,964 SF

      Gulf Breeze Medical Office Opportunity

      Modern medical office, sale or lease.
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    • $450,000
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      Gulf Breeze Commercial Land

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      Turn-key 3-bedroom condo with Sound views, near beach access.
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      Move-In Ready Condo in Gulf Breeze

      Comfortable condo near schools, shopping, and Pensacola Beach.
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      Gulf Breeze Wooded Lot

      Wooded lot in desirable Gulf Breeze neighborhood.
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      Ideal lot in the heart of Gulf Breeze Proper.
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    Similar Nearby for Lease

    • $21 SF/Yr
      2,650 SF

      Gulf Breeze Medical Office Suite B

      Modern Medical Office Space Available
      41 Fairpoint Dr, Gulf Breeze, FL 32561
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    • $24 SF/Yr
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      Gulf Breeze Office Space Available

      Prime Gulf Breeze location, 1581 sq ft, flexible layout.
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      View Details
    • $19 SF/Yr
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      Gulf Breeze Office Space Available

      1502 sq ft office, prime location.
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    • $2,500 /Mo
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      Gulf Breeze Office Space Available

      1865 SF Office, NNN Lease, $2500/Year
      1101 Gulf Breeze Pkwy, Gulf Breeze, FL 32561
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    • $950 /Mo
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      Gulf Breeze Office Space Available

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      1101 Gulf Breeze Pkwy, Gulf Breeze, FL 32561
      View Details
    • $25 SF/Yr
      3,964 SF

      Gulf Breeze Medical Office: Lease/Sale

      Modern medical office, 3964 sq ft, prime Gulf Breeze location.
      85 Bay Bridge Dr, Gulf Breeze, FL 32561
      View Details
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    Gulf Breeze, FL 32561
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    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
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