21 New Warrington RdPensacola, FL 32506

Property Details for 21 New Warrington Rd

Lot size

0.34 AC

Zone code

COM

Property type

Retail properties

Property subtype

Parking lots & garages

APN

37-2S-30-5002-002-058

APU

372S305002002058

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,948,507

  6.5%

  $2,721,699

  7%

  $2,527,292

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,525,972

  Geo Method

  $2,653,164

• Alternative Use

  Use

  Valuation

  Residential

  $2,295,855

  Hospitality

  $2,102,990

  Educational

  $1,749,664

  Medical

  $1,809,837

  Retail

  $2,721,699

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.4084

Longitude

-87.2774

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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