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    4455 N 9th Ave Pensacola, FL 32503

    Sponsored
    Source: https://www.saltercompany.com
    For Sale
    $949,000

    Profitable 3,560 SF medical building.

    Property size:
    4,299 SF

    Description

    Added:
    Feb 5, 2025
    Days on Market:
    344
    This exceptional 4,299 square foot medical office building in Northeast Pensacola presents a rare investment opportunity. Ideally situated just three minutes from Sacred Heart Hospital and five minutes from Baptist Hospital, this property enjoys a highly desirable location. The building boasts a sturdy all-brick exterior and a concrete slab foundation, ensuring durability and longevity. Recent capital improvements include a new roof and HVAC system, minimizing immediate maintenance needs. The property features ample parking with approximately 27 spaces and high visibility from 9th Avenue, providing convenient access for patients and staff. The interior offers approximately 3,560 square feet of usable space, including a spacious 300 square foot waiting room, a built-in receptionist station, ten treatment rooms, a 500 square foot common area treatment hub, and additional doctor's suites. The 0.57-acre lot provides ample space and a serene atmosphere enhanced by mature oak trees and landscaping. Handicap accessibility is included. This turnkey property is ready for immediate occupancy and customization to suit your specific needs. Don't miss this chance to acquire a premier medical office building in a thriving Pensacola location.

    Property Features for 4455 N 9th Ave

    General Information

    Property type
    Other office properties
    Square Feet
    4,299 SF
    Price / Square Foot
    $220
    Class
    C
    Elevators
    N/A
    Net Rentable
    3,560 SF
    Lot Size
    24,934 SF

    Building Details

    Year Built
    1984
    Buildings
    1
    Stories
    1

    HighLights

    • 3,560 sq ft medical office building for sale in Pensacola, FL.
    • Convenient location, 3 minutes from Sacred Heart Hospital and 5 minutes from Baptist Hospital.
    • Features 27 parking spaces, handicap accessibility, and recent roof & HVAC replacements.
    Location Intelligence

    Current Use by Public Records

    Sanborn Pearlas Pt Physical Therapist Eric L. Frank, ... Chiropractor Wallace Terry J ... Chiropractor Hanson Craig DC Chiropractor Pensacola Spinal Rehabilitation ... Chiropractor

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    State
    Florida
    Longitude
    -87.214673
    Latitude
    30.462664

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    FAQs

    What type of property is this?
    Office property - Profitable 3,560 SF medical building.
    Where is this office property located?
    The property is located at 4455 N 9th Ave Pensacola, FL.
    What is the asking price?
    The asking price for this property is $949,000.
    What are key features of this property?
    This property features: 3,560 sq ft medical office building for sale in Pensacola, FL.; Convenient location, 3 minutes from Sacred Heart Hospital and 5 minutes from Baptist Hospital.; Features 27 parking spaces, handicap accessibility, and recent roof & HVAC replacements.
    (850) 564-0120
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    4455 N 9th Ave Pensacola, FL 32503
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    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.

    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
    4455 N 9th Ave Pensacola, FL 32503
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