Pensacola Duplex & Development
9955 Mobile Hwy Pensacola, FL 32526
9955 Mobile Hwy, Pensacola, FL, 32526
$399,000
For Sale
$399,000
4.53 AC with Existing Duplex For Sale - Zoned RMU
Property Size1,624 SF
Lot Size4.53 Acres
Price / SF$245.69
Days on Market518
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 Office
(850) 232-7576
Listed by
Paul
(850) 232-7576
Added: Feb 14, 2025 Checked: Mar 16 at 9:06 am
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.
Local Financial Insights For Apartment 5plus
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 | $31.0k | $19.08 |
| − Vacancy | −$4.3k | −$2.65 |
| EGI | $26.7k | $16.43 |
| − OpEx | −$12.0k | −$7.39 |
| NOI | $14.7k | $9.04 |
1,624 SF · lease $19.08/SF/yr · vacancy 13.90% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Land
Similar For Sale Nearby
FAQs
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.
