Pensacola Commercial Land Investment
For Sale
$860,000
9200 Bowman Avenue, Pensacola, FL 32534
1,761 SF PRIME ACREAGE IN THE HEART OF PENSACOLA’S FUTURE GROWTH CORRIDOR For Sale
Property Size1,761 SF
Lot Size4.30 Acres
Price / SF$488.36
Days on Market611
Property Features for 9200 Bowman Avenue
General Information
Standard status
Active
Property type
Warehouses, Other office properties, Other industrial properties, Industrial properties, Office Spaces
Size
1,761 SF
Elevators
N/A
Lot size
4.30 Acres
Building Details
Buildings
1
Stories
1
Listed By:
Paul Salter
(850) 564-0120
Added: Feb 12, 2025
Changed: Mar 16
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Investment Insights
Based on property information with market context.
This 4.3-acre commercial property is located in Pensacola, Florida. The site contains a 1,761 square foot building constructed in 1958, featuring three bedrooms, one and a half bathrooms, a garage, and a fallout shelter. Additional structures on the property include a barn. The property is zoned Heavy Commercial/Light Industrial, allowing for a variety of development possibilities. Natural gas is available, and sewer access is located approximately 300 feet away on Nine Mile Road. The property is located near Nine Mile Road, offering access to medical facilities, retail establishments, dining options, and grocery stores. Potential uses include a nursing home, assisted living facility, multi-family residential development, affordable housing project, or warehouse space. The property is currently vacant and ready for development.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,699
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$593,980
$594.0K
Cap Rate 7%
$424,271
$424.3K
Cap Rate 9%
$329,989
$330.0K
Market Conditions
NOI Build-Up for 1,761 SF
Gross rent
$44.2K $25.08/SF
− Vacancy
−$4.6K −$2.59/SF
EGI
$39.6K $22.49/SF
− OpEx
−$9.9K −$5.62/SF
NOI
$29.7K $16.87/SF
Area
Escambia County, FL
Vacancy
10.34%
Lease Rate
$25.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$593,980
Cap Rate 7%
$424,271
Cap Rate 9%
$329,989
Alternative Uses
Best Use
Office B
$424.3K
$371.2K – $495.0K
NOI $29,699 @ 7.0% cap · market cap 3.45%
Second Best
Warehouse
$192.1K
$168.1K – $224.1K
NOI $13,448 @ 7.0% cap · market cap 1.56%
Theoretical Best
Office A
$516.8K
$452.2K – $603.0K
NOI $36,178 @ 7.0% cap · market cap 4.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
648
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32534, FL
16,006
Population
7,573
Households
2.1
Avg Household Size
39
Median Age
22%
College-Educated
92%
High-School Grad
9.9 sq mi
ZIP Area
1,617
Density / Sq Mi
$59,013
Median Household Income
$34,841
Median Earnings
$1,350
Median Rent
$192,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Hurricane Preparedness | ECGC — 9044 N Palafox St, Pensacola, FL 32534
- Prime Storage — 1130 W 9 Mile Rd, Pensacola, FL 32534
- Stewart Moving & Storage — 9960 N Palafox St, Pensacola, FL 32534
Frequently Asked Questions
What type of property is this?
Warehouse - 1,761 SF PRIME ACREAGE IN THE HEART OF PENSACOLA’S FUTURE GROWTH CORRIDOR For Sale
Where is this warehouse located?
The property is located at 9200 Bowman Avenue Pensacola, FL.
What is the asking price?
The asking price for this property is $860,000.
