4400 Bayou Boulevard Suites 27 & 28

4400 Bayou Boulevard Suites 27 & 28, Pensacola, FL 32504

Property Information

  • For Sale $850,000
  • Property Type Office - General Office
  • Property Size 3,646 SF
  • Units 2
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Date Updated Apr 20, 2026

Description

Property Overview Address: 4400 Bayou Blvd, Suites 27 & 28, Pensacola, FL 32503 Total Overall Size: Approx. 3646 Zoning: C-1 (Commercial) Unit 27: Located in the heart of Pensacola’s bustling Cordova area, this 2,400 SF professional office condo offers a turnkey investment opportunity in one of the city's most established commercial parks — Cordova Square. Currently leased and generating $4,000/month, this property delivers reliable income with minimal management, making it ideal for investors or those planning a future owner-occupancy. Unit 28: -1,200 SF Prime location in Pensacola, FL - Appealing architectural design - High-traffic area - Spacious interior layout - Ample parking for customers/clients - Modern amenities and finishes - Versatile space for various businesses - Prominent signage opportunities - Proximity to major highways and thoroughfaresBeau Box Commercial is pleased to present this rare owner-user or investment opportunity in the heart of Pensacola’s premier office corridor. Located on Bayou Boulevard near Cordova Mall, Ascension Sacred Heart Hospital, and numerous retail amenities, this property offers outstanding visibility, convenience, and income security. Suite 27 (2,400 SF) is leased at $4,000/month, providing $48,000/year of in-place income. Suite 28 (1,200 SF) is vacant and move-in ready, ideal for an owner-user or a new tenant seeking premium Bayou corridor office space. At the new $850,000 asking price, the asset delivers a 5.6% in-place cap rate and a 9.0% pro forma cap rate once the vacant suite is leased—making this one of the strongest value opportunities currently available in the Bayou Boulevard office market.Suite 28 offers 1,200 SF of clean, functional office space in one of Pensacola’s most desirable commercial corridors. Previously leased for $1,600/month, this suite provides an excellent opportunity for a professional services user, medical-adjacent office, or small business seeking a central, high-visibility location. The layout includes a reception area, multiple office/conference rooms, private restroom, and ample parking shared with the building. With quick access to Bayou Blvd, Cordova Mall, and Ascension Sacred Heart Hospital, Suite 28 is ideally positioned for businesses that value convenience and accessibility. This suite is move-in ready and can be leased immediately, offering strong upside for both owner-users and investors.

Highlights

  • (48,000 ÷ 850,000 = 0.056)
  • (72,000 ÷ 850,000 = 0.085)
  • (Assuming Suite 28 leased at market rate)
  • (Suite 27 leased at $4,000/month)
  • Cap Rates at New Asking Price
  • Current Cap Rate: 5.6%
  • Current NOI: $48,000
  • Income & Cap Rates
  • New Asking Price: $850,000 ($236/SF)
  • Pro Forma Cap Rate: 8.5%
  • Pro Forma NOI: ~$72,000
  • Property Summary – 27 & 28 Bayou Blvd
  • Total Building Size: 3,600 SF (2,400 SF + 1,200 SF)
  • Zoning: C-1 – Neighborhood Commercial

Contacts

Rick Appleyard

Beau Box Commercial Real Estate

Location

Located at 4400 Bayou Boulevard Suites 27 & 28, Pensacola, FL 32504, this property is part of the Cordova Park neighborhood and Pensacola market.

Contact Listing Broker
Rick Appleyard

Beau Box Commercial Real Estate

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