Pensacola Commercial Land Investment
9200 Bowman Avenue Pensacola, FL 32534
9200 Bowman Avenue, Pensacola, FL, 32534
$860,000
For Sale
$860,000
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 Market520
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
Listing Office
(850) 564-0120
Listed by
Paul
(850) 564-0120
Added: Feb 12, 2025 Checked: Mar 16 at 9:06 am
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.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.2k | $25.08 |
| − Vacancy | −$4.6k | −$2.59 |
| EGI | $39.6k | $22.49 |
| − OpEx | −$9.9k | −$5.62 |
| NOI | $29.7k | $16.87 |
1,761 SF · lease $25.08/SF/yr · vacancy 10.34% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Spaces
Similar For Sale Nearby
Similar Off Market Nearby
- Prime Storage — 1130 W 9 Mile Rd, Pensacola, FL 32534
- Life Storage - Pensacola — 1600 W 9 Mile Rd, Pensacola, FL 32534
FAQs
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.
