Property profile

24 Chase St Pensacola, FL 32502

OFF-MARKET
Office buildings
Property ID
US18-4793194
11,791 SF 0.46 ac lot Built 1950
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

Located in downtown Pensacola, Florida, the property includes a 2,072-square-foot office suite on the second floor (Suite 200) within a 10,562-square-foot, two-story red brick building originally constructed in 1950. The suite is configured in a “vanilla box” style to allow for tenant improvements and features a large open work area with abundant natural light from oversized windows, a private office, and a break room. Shared, updated restrooms are accessible within the building. The second floor is served by an elevator and a wide marble staircase leading to a spacious foyer with high ceilings. The building provides a private parking lot with drive-around access for tenant, guest, and delivery parking, and it contains additional office and commercial office space on the first floor. The property is set up for a NNN lease structure.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1950
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 11,791 SF
Lot 0.46 ac (20,160 SF)
Zoning code C-2A
APN 00-0S-00-9007-010-037
UPID US18-4793194

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Property Management Company Office Space Rental Agency
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Real Estate Agency
  • Title Company
  • Real Estate Agency

Location

24 Chase St Pensacola, FL 32502-5614
Pensacola metro Census 100 PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.48M
Blend (final) Blend
$990k

Owner & transaction history

since 2025
Last sale
$1.5M
4 recorded transactions
2025
$1.5M
2016
$1.1M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C-2A · Pensacola, FL
Zoning description

The commercial land use district is established for the purpose of providing areas of commercial development ranging from compact shopping areas to limited industrial/high intensity commercial uses. Conventional resident…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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