Stand-Alone Retail
For Sale
Contact for pricing
1113 N 9th Ave, Pensacola, FL 32501
Move-in-ready, two-story retail building with 80 feet of frontage and an attached conditioned rear storage building.
Property Size2,452 SF
Lot Size0.32 Acres
Price / SF$265.09
Days on Market196
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
Stories
2
Listing Agency:
NAI Pensacola
(850) 433-0577
Listed By:
William Kurnia · License #3518294
(850) 292-2840
Source:
Moodyscre
Added: Mar 11
Changed: Sep 9
Last Checked: Sep 21 at 10:51AM
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 NAI Pensacola
Investment Insights
Based on property information with market context.
1113 N 9th Avenue is a well-maintained, standalone retail building featuring updated interior finishes and a two-story layout designed to separate client-facing space from back-office use. The property includes an additional conditioned rear storage building totaling 450 SF, providing practical support space on-site.
The three-parcel site totals 0.319 acres and offers 80 feet of frontage on 9th Avenue, supporting strong visibility along the 9th Avenue trade corridor. The property is surrounded by established businesses, medical users, and residential density.
Overall, this configuration offers a move-in-ready retail presence with both storefront space and dedicated conditioned storage within the same site.
The three-parcel site totals 0.319 acres and offers 80 feet of frontage on 9th Avenue, supporting strong visibility along the 9th Avenue trade corridor. The property is surrounded by established businesses, medical users, and residential density.
Overall, this configuration offers a move-in-ready retail presence with both storefront space and dedicated conditioned storage within the same site.
Key Highlights
- Move‑in‑ready, two‑story retail/commercial building with updated interior finishes
- 80 ft of frontage on 9th Avenue for strong street exposure
- Three‑parcel site totaling 0.319 AC for added land value and site flexibility
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,713
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$554,260
$554.3K
Cap Rate 7%
$395,900
$395.9K
Cap Rate 9%
$307,922
$307.9K
Market Conditions
NOI Build-Up for 2,452 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$44.1K $18.00/SF
− Vacancy
−$4.5K −$1.85/SF
EGI
$39.6K $16.15/SF
− OpEx
−$11.9K −$4.84/SF
NOI
$27.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$554,260
Cap Rate 7%
$395,900
Cap Rate 9%
$307,922
Alternative Uses
Best Use
Retail
$395.9K
$346.4K – $461.9K
NOI $27,713 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$719.6K
$629.7K – $839.6K
NOI $50,374 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Move-in-ready, two-story retail building with 80 feet of frontage and an attached conditioned rear storage building.
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: Move‑in‑ready, two‑story retail/commercial building with updated interior finishes; 80 ft of frontage on 9th Avenue for strong street exposure; Three‑parcel site totaling 0.319 AC for added land value and site flexibility
