Pensacola Duplex & Development
For Sale
$399,000
9955 Mobile Hwy, Pensacola, FL 32526
4.53 AC with Existing Duplex For Sale - Zoned RMU
Property Size1,624 SF
Lot Size4.53 Acres
Price / SF$245.69
Days on Market564
Property Features for 9955 Mobile Hwy
General Information
Standard status
Active
Property type
Multifamily properties, Other land, Residential land & home lots, Residential income properties, Land
Size
1,624 SF
Total Parking Spaces
10
Elevators
N/A
Lot size
4.53 Acres
Building Details
Year Built
1979
Buildings
1
Stories
1
Units
2
Listing Agency:
(850) 232-7576
Listed By:
Paul
(850) 232-7576
Added: Feb 14, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
Located in Pensacola, Florida, this 4.53-acre property features a 1624 square foot duplex. Zoned RMU, the property allows for various commercial uses, with duplexes permitted as a conditional use. The existing duplex requires renovations and a new roof, offering potential for value enhancement. The site backs up to Western Way Drive, providing access. Approximately 50% of the rear of the property has been identified as wetlands. Situated just before the Baldwin County line, the location is a 5-minute drive from the Publix at 9 Mile Road and Beulah Road. The property is perfect for a combined commercial/residential venture. The property's zoning and location make it an attractive proposition for both residential and commercial development.
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
$14,673
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
3.68%
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%
$293,460
$293.5K
Cap Rate 7%
$209,614
$209.6K
Cap Rate 9%
$163,033
$163.0K
Market Conditions
NOI Build-Up for 1,624 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
$31.0K $19.08/SF
− Vacancy
−$4.3K −$2.65/SF
EGI
$26.7K $16.43/SF
− OpEx
−$12.0K −$7.39/SF
NOI
$14.7K $9.04/SF
Area
Escambia County, FL
Vacancy
13.90%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
45.00%
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%
$293,460
Cap Rate 7%
$209,614
Cap Rate 9%
$163,033
Alternative Uses
Best Use
Apartment 5plus
$209.6K
$183.4K – $244.6K
NOI $14,673 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$476.6K
$417.1K – $556.1K
NOI $33,364 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Explore this area
Business Placement
Demographics for 32526, FL
43,029
Population
18,478
Households
2.3
Avg Household Size
41
Median Age
24%
College-Educated
93%
High-School Grad
58.4 sq mi
ZIP Area
737
Density / Sq Mi
$71,651
Median Household Income
$40,565
Median Earnings
$1,287
Median Rent
$230,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - 4.53 AC with Existing Duplex For Sale - Zoned RMU
Where is this multifamily property located?
The property is located at 9955 Mobile Hwy Pensacola, FL.
What is the asking price?
The asking price for this property is $399,000.
