900 Garden Gate CirPensacola, FL 32504

Property Details for 900 Garden Gate Cir

Year built

1998

Construction

WOOD

Lot size

0.38 AC

Property size (Sq ft)

4,152 SF

Zone code

R-2

Property type

Office buildings

APN

33-1S-30-1010-000-005

APU

331S301010000005

Description

This exceptional Class A medical office building, located at 900 Garden Gate Cir, Pensacola, FL 32504, presents a unique investment opportunity. The 3,800 square foot, single-tenant property sits on a 0.38-acre lot and boasts 17 parking spaces. Built in 1998, the single-story building features six 15' x 15' offices with 9' ceilings, custom built-in bookshelves, and exterior windows. Additional amenities include a large waiting area with 14' vaulted ceilings, a spacious conference room, four ADA-compliant bathrooms, a large administrative space (including a manager's office), a kitchen, and a walk-in storage closet. High-end finishes throughout include commercial-grade, noise-dampening carpeting in offices and hallways, tiled waiting room, kitchen, and wet areas, and solid core interior doors with premium hardware. The exterior features a wide roof overhang covering a 5' sidewalk. Recent upgrades include a new water heater (2017), roof (2019), two AC units (post-2019), and carpeting (2021). The property also includes a security system and irrigation system. Conveniently located near hospitals and the international airport, with easy access to major thoroughfares and less than a half-mile from I-110 interchange. The property is zoned R-2 and offered at $950,000 ($250/SF). This is a must-see property for discerning investors. APN: 331S301010000005, 331S301010000100.

• CAP approach

  CAP return

  Valuation

  6%

  $562,325

  6.5%

  $519,069

  7%

  $481,993

• Comparable approach

  Method

  Valuation

  Relative Method

  $281,015

  Geo Method

  $295,166

• Alternative Use

  Use

  Valuation

  Residential

  $643,645

  Hospitality

  $589,576

  Educational

  $490,520

  Medical

  $507,390

  Retail

  $763,031

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.4819

Longitude

-87.22

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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