9050 University PkwyPensacola, FL 32514

Property Details for 9050 University Pkwy

Year built

1996

Construction

WOOD

Lot size

0.46 AC

Property size (Sq ft)

2,924 SF

Zone code

HDMU

Property type

Office properties

Property subtype

Office buildings

APN

14-1S-30-3301-002-002

APU

141S303301002002

Description

This exceptional investment opportunity presents a single-tenant medical office building located at 9050 University Parkway, Pensacola, Florida, 32514. The property, built in 1996, offers 2,912 net rentable square feet within a total of 3,195 square feet, situated on a 0.46-acre lot. Currently operating at 100% occupancy, the building boasts a strong net operating income (NOI) of $55,000, yielding an attractive 7.59% cap rate. The property is classified as a Class C, single-story building with 25 parking spaces and is zoned HDMU. The asking price is $725,000, translating to a price per square foot of $248.97. This is a Net Lease (NNN) investment with a single tenant in place. An adjacent 0.3-acre lot is also available for separate purchase. The property's location in Escambia County benefits from a robust local economy, with low unemployment rates and high demand for medical office space. This presents a compelling opportunity for investors seeking a stable, high-yield investment in a thriving market. The property's APN is 141S303301002002.

• CAP approach

  CAP return

  Valuation

  6%

  $396,011

  6.5%

  $365,548

  7%

  $339,438

• Comparable approach

  Method

  Valuation

  Relative Method

  $197,902

  Geo Method

  $207,867

• Alternative Use

  Use

  Valuation

  Residential

  $453,280

  Hospitality

  $415,202

  Educational

  $345,443

  Medical

  $357,324

  Retail

  $537,356

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.5269

Longitude

-87.2209

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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