Boutique Commercial Building on
For Sale
$650,000
1113 N 9th Ave, Pensacola, FL 32501
Distinctive 2,000 SF commercial property in established business corridor.
Property Size2,452 SF
Lot Size0.32 Acres
Price / SF$325
Days on Market205
Property Features for 1113 N 9th Ave
General Information
Standard status
Active
Size
2,452 SF
Lot size
0.32 Acres
Property subtype
Retail
Building Details
Building Size
2,452 SF
Year Built
1986
Listed By:
Will Kurnia · License #FL #SL3518294
(850) 292-2840
Source:
Naiglobal
Added: Apr 1
Changed: Oct 7
Last Checked: Oct 20 at 7:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Will Kurnia
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Investment Insights
Based on property information with market context.
This 2,000 SF standalone commercial building is a boutique-style property situated on three parcels totaling 0.319 acres. It offers a distinctive opportunity to acquire commercial property in an established and visible business corridor. The building combines charm, functionality, and strong corridor presence, making it well suited for an owner-user seeking a polished environment with character and convenience. The property features approximately 80 feet of frontage on 9th Avenue and possible secondary access from DeSoto Street. Interior improvements include updated lighting, flooring, built-ins, smooth-finish ceilings, upgraded trim work, and tasteful paint throughout. The building also includes 9-foot ceilings on the main floor and two restrooms, including one with a full shower. Additionally, there is a 452 SF conditioned storage building. The property is beautifully updated and exceptionally well maintained.
Key Highlights
- 2,000 SF standalone commercial building in a highly visible and established business corridor.
- Updated and exceptionally well‑maintained interior with high‑quality finishes.**
- Approximately 80 FT of frontage on 9th Avenue.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,604
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$452,080
$452.1K
Cap Rate 7%
$322,914
$322.9K
Cap Rate 9%
$251,156
$251.2K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$36.0K $18.00/SF
− Vacancy
−$3.7K −$1.85/SF
EGI
$32.3K $16.15/SF
− OpEx
−$9.7K −$4.84/SF
NOI
$22.6K $11.30/SF
Area
Escambia County, FL
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$452,080
Cap Rate 7%
$322,914
Cap Rate 9%
$251,156
Alternative Uses
Best Use
Retail
$322.9K
$282.6K – $376.7K
NOI $22,604 @ 7.0% cap · market cap 3.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$587.0K
$513.6K – $684.8K
NOI $41,088 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,477
Businesses Nearby
199k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 26%
Groceries 21%
Publix
Groceries
41,985 visits/mo
0.2 miles
McDonald's
Dining
24,686 visits/mo
0.1 miles
Circle K
Shops & Services
21,532 visits/mo
0.2 miles
Whataburger
Dining
20,893 visits/mo
0.5 miles
Krispy Kreme Doughnuts
Dining
19,957 visits/mo
0.1 miles
Demographics for 32501, FL
10,960
Population
5,505
Households
2
Avg Household Size
41
Median Age
30%
College-Educated
86%
High-School Grad
3.7 sq mi
ZIP Area
2,962
Density / Sq Mi
$39,127
Median Household Income
$31,312
Median Earnings
$964
Median Rent
$277,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Florist Pensacola Flowers — pensacola, fl 32501
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Frequently Asked Questions
What type of property is this?
Storefront property - Distinctive 2,000 SF commercial property in established business corridor.
Where is this storefront property located?
The property is located at 1113 N 9th Ave Pensacola, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2,000 SF standalone commercial building in a highly visible and established business corridor.; Updated and exceptionally well‑maintained interior with high‑quality finishes.**; Approximately 80 FT of frontage on 9th Avenue.
