Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    9520 Pinecone Dr Cantonment, FL 32533

    View on Map
    Sponsored
    For Sale
    $3,500,000

    LAND - Cantonment, FL

    Lot size:
    1.06 Acres
    Days on Market:
    73
    Last Refresh:
    Mar 11 at 6:06 am

    Property Features for 9520 Pinecone Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    021S313304000003
    Lot size
    1.06 Acres

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Tina D'aversa

    EXP REALTY LLC (888) 883-8509

    Listing agent Tina D'aversa (678) 457-0677

    Listing date Dec 28, 2025

    MLS# 668651

    Copyright © 2026 Pensacola Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Cantonment Commercial Land For Sale

    This 1.06-acre commercial land is located in Cantonment, Florida. The Pinecone Drive area features a mix of light industrial, commercial businesses, and residential properties. Nearby commercial properties include Sunbelt Rentals, National Retail Properties LP holdings, Milestone Self-Storage, Pine Mini Mart, Iron Asia Enterprises, and Escambia Welding & Fabrication. The property is situated within a primarily rural and low-density context, characterized by older residential homes on large lots and natural buffer zones. A structure was previously on the lot, and the slab is still in place. The commercial zoning makes it suitable for constructing a service business, warehouse, light manufacturing facility, storage facility, or retail outparcel. Local roads connect to West Nine Mile Road and US Highway 29, providing access into Cantonment and Pensacola, which is beneficial for traffic flow and deliveries. Buyers should confirm all measurements and details during due diligence.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cantonment
    County
    Escambia
    State
    Florida
    Longitude
    -87.325701
    Latitude
    30.535666

    Nearby Similar for Sale

    • $900,000

      Cantonment C-Store Retail Opportunity

      C-store retail property for sale in Cantonment, Florida.
      10 Williams Ditch Rd, Cantonment, FL 32533
      View Details
    • $365,000

      Two-Story Cottage on Corner Lot

      Commercial property with historic cottage and business opportunity.
      1505 Highway 95A S, Cantonment, FL 32533
      View Details
    • $4,500,000
      40,120 SF

      Cantonment, FL Strip Center For Sale

      Strip center in Cantonment, FL with high visibility.
      470 Highway 29 S, Cantonment, FL 32533
      View Details
    • $119,000

      Multifamily Property on Large Parcel

      4.37 acre multifamily property with development potential.
      465 Hazzard Ln, Cantonment, FL 32533
      View Details
    • $119,000

      Mobile Home Park Opportunity

      4.37 acre mobile home park with development potential.
      465 Hazzard Ln, Cantonment, FL 32533
      View Details
    • $169,900
      1,802 SF

      Cantonment Flex Space Investment

      1,802 SF Home/Office/Flex near I-10 & Hwy 29
      8400 Pittman Ave, Cantonment, FL 32534
      View Details
    • $600,000
      2,520 SF

      Cantonment C-Store Investment Opportunity

      High-traffic retail space, prime location.
      10 Williams Ditch Rd, Cantonment, FL 32533
      View Details
    • $2,000,000
      12,000 SF

      Cantonment Warehouse: Prime Location

      12,000 SF Warehouse - Excellent Condition
      3174 Gateway Lane, Cantonment, FL 32533
      View Details
    • $900,000

      Cantonment C-Store Retail Opportunity

      C-store retail property for sale in Cantonment, Florida.
      10 Williams Ditch Rd, Cantonment, FL 32533
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.06 acre commercial land suitable for various business uses.
    Where is this commercial land located?
    The property is located at 9520 Pinecone Dr Cantonment, FL.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: - 1.06 acre lot with commercial zoning, **ideal for service business, warehouse, light manufacturing, storage, or retail.**; - Strategic location with access to W Nine Mile Rd and US Highway 29, facilitating traffic flow and deliveries to Cantonment and Pensacola.; - Existing slab from a previous structure on the property.
    (678) 457-0677
    Request Owner's contact information
    9520 Pinecone Dr Cantonment, FL 32533
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9520 Pinecone Dr
    Cantonment, FL 32533
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    9520 Pinecone Dr Cantonment, FL 32533
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Tina D'aversa
    Real Estate License ID: 116373-2
    (678) 457-0677 (888) 923-5547 (888) 883-8509
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!