21 New Warrington Rd Pensacola, FL 32506-5848
This exceptional Class A creative office building in Pensacola, Florida, presents a unique investment opportunity. Located at 21 N New Warrington Rd, 32506, this 22,503 square foot, single-tenant property boasts a 100% occupancy rate. Completely renovated in 2021, the building is essentially brand new, featuring 13'6" ceilings, exposed rafters, polished concrete floors, and an exposed duct system on both floors. Abundant natural light streams through glass doors and walls. The first floor includes five individual offices, three conference rooms, three collaborative workspaces, six restrooms, and a large covered outdoor break area. The second floor offers eleven individual offices, a conference room, three collaborative workspaces, three restrooms with showers, an elevator, and a spacious break room/lounge area. The property sits on a 1.91-acre lot and includes 104 parking spaces. Energy-efficient solar panels further enhance its appeal. Its convenient location is just north of Pensacola Naval Air Station and a short 10-minute drive to downtown Pensacola. The building's modern design and amenities create a highly desirable workspace, making it an ideal headquarters for a discerning company. Zoned for commercial use, this property offers a compelling combination of functionality, aesthetics, and location. The asking price is $3,995,000, translating to $177.53 per square foot. This is a turnkey solution for a business seeking a prestigious and efficient office space.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
COM · Pensacola, FLPensacola. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.