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Property profile & analytics
OFF-MARKET Estimated value $1,950,000
Office buildings

1301 Government St Pensacola, FL 32502-5314

8,054 SF 0.75 ac lot Built 1960
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US18-5481956
Property summary
AI-generated overview

This exceptional commercial property, located at 1301 W Government St in Pensacola, Florida, offers 16,054 square feet of versatile space. The property comprises two buildings totaling 16,054 square feet, built in 1965 and 2006, and sits on a 0.71-acre lot. The main two-story office building features approximately 8,054 square feet, with a lobby, reception area, seven private offices on each floor, open bullpen areas, restrooms, an elevator, and break rooms. The warehouse component encompasses approximately 8,000 square feet, including 2,609 square feet of finished office space with conference rooms, restrooms, and kitchenettes. An additional 5,391 square feet of unfinished warehouse space is available, featuring a 12' x 12' roll-up door, 14' eave height, and 22' center height. The property includes a backup generator and ample parking with a planned new layout. Zoned C-3 (Commercial), this property benefits from its location within Pensacola's CRA Urban Overlay District, promoting high-quality design. The asking price is $2,395,000, with a price per square foot of $149.18. The property is currently vacant and offered as a NNN lease. Surrounding development includes planned single-family homes, indicating strong future growth potential. This is a unique opportunity to acquire a substantial mixed-use property in a revitalizing downtown area.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1960
Construction STEEL FRAME
Total area 8,054 SF
Lot 0.75 ac (32,473 SF)
Zoning code C-3
APN 00-0S-00-9080-001-123
UPID US18-5481956
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
  • Achieve Escambia Charitable Organization Social Service Agency
  • Success By 6 Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.23M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.95M
Owner & transaction history
Nwfl Properties LLC · 1 yrs held
Nwfl Properties LLC
since 2025
Last sale
$2.0M
6 recorded transactions
2025
$2.0M
2023
Price N/A
2023
$1.8M
2021
$775,572
2021
$211,519
1969
Price N/A
Zoning & alternative use
C-3 · Pensacola, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $2.5M +91.9%
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