Property profile

8500 Pensacola Blvd Pensacola, FL 32534

OFF-MARKET
Community centers
Property ID
US18-5984533
11,148 SF 0.17 ac lot Built 2006
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Class A office suite, located at 8500 Pensacola Blvd, presents a unique opportunity for immediate occupancy. The 1,750 square foot space boasts a "vanilla shell" finish, providing maximum flexibility for tenant build-out and customization. Situated within a larger single-story building constructed in 2006 and extensively renovated in 2022, this property offers a modern and efficient workspace. The building features a total of 10,786 square feet and 30 individual suites, all currently vacant. The entire building is situated on a 0.73-acre lot, providing ample space and convenient access. The property includes 24 parking spaces for tenant and visitor use. The suite is zoned HC-LI and benefits from a high-traffic location within a submarket boasting 44,500 vehicle counts. The monthly rent is $2,770.83, comprising a base rent of $16.50 per square foot and $2.50 per square foot in NNN charges. Sales tax of 7% adds $2,964.79 to the total monthly cost. The 15-foot ceiling height contributes to a spacious and airy atmosphere. This is an ideal opportunity for businesses seeking a move-in ready office space in a prime location. The property's APN is 111S301901007058. No elevators are present in the building.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 2006
Construction TYPE NOT SPECIFIED
Total area 11,148 SF
Lot 0.17 ac (7,405 SF)
Zoning code HC/LI
APN 11-1S-30-1901-010-058
UPID US18-5984533

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
  • (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store Wine and Liquor Store
  • Alternative Medicine Practice Spa & Massage Center

Location

8500 Pensacola Blvd Pensacola, FL 32534-3339
Pensacola metro Census 3400 PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.17M
Blend (final) Blend
$785k

Owner & transaction history

since 2021
Last sale
$967,500
3 recorded transactions
2021
$967,500
2017
$750,000
2010
Price N/A

Zoning & alternative use

HC/LI · Pensacola, FL

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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