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Property profile & analytics
OFF-MARKET
Parking lots & garages

21 New Warrington Rd Pensacola, FL 32506-5848

0.34 ac lot
Entity Owned 6-yr Hold Free & Clear
Property ID
US18-1779852
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING LOT
Lot 0.34 ac (14,810 SF)
Zoning code COM
APN 37-2S-30-5002-002-058
UPID US18-1779852
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
  • NW Florida Energy Experts Electrical Service
  • MERAKI ENERGY CONSULTANT Production Facility
  • Meraki Solutions - Jason Brand Electrical Service
  • Meraki Solar Solar Energy Company Solar Energy System Service
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
21 N New Warrington LLC · 6 yrs held
21 N New Warrington LLC
since 2020
6 recorded transactions
2020
Price N/A
2020
$1.3M
2015
$1.2M
2013
$843,182
2008
Price N/A
2004
$1.0M
Zoning & alternative use
COM · Pensacola, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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