Pensacola Commercial Land For
1022 W 9 Mile Road Pensacola, FL 32534
1022 W 9 Mile Road, Pensacola, FL, 32534
$600,000
For Sale
$600,000
2,148 SF W 9 Mile Rd Commercial Property For Sale
Property Size3,719 SF
Lot Size0.68 Acres
Price / SF$161.33
Days on Market520
Property Features for 1022 W 9 Mile Road
General Information
- Standard status
- Active
- Property type
- Other retail properties, Individual retail properties, Other mixed-use properties, Retail properties & Spaces, Mixed-use properties
- Size
- 3,719 SF
- Net Rentable
- 2,148 SF
- Elevators
- N/A
- Lot size
- 0.68 Acres
Building Details
- Year Built
- 1968
- Buildings
- 1
- Stories
- 1
Listing Office
(850) 564-0120
Listed by
Paul
(850) 564-0120
Added: Feb 11, 2025 Checked: Mar 16 at 9:06 am
Investment Insights
Based on property information with market context.
Located at 1022 W 9 Mile Road in Pensacola, Florida, this commercial property offers an investment opportunity. The property includes approximately 0.72 acres of land with 120 feet of frontage on West Nine Mile Road. Its location provides convenient access to Pine Forest Road, Highway 29, and Interstate 10. A 2,148 square-foot building is situated on a 3,719 square-foot lot. The zoning is HC/LI. The surrounding area has experienced growth in both commercial and residential sectors.
Local Financial Insights For Mixed Use
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 | $80.3k | $21.60 |
| − Vacancy | −$9.6k | −$2.59 |
| EGI | $70.7k | $19.01 |
| − OpEx | −$26.5k | −$7.13 |
| NOI | $44.2k | $11.88 |
3,719 SF · lease $21.60/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$631.2K
$552.3K – $736.4K
NOI $44,182 @ 7.0% cap · market cap 7.36%
Second Best
Retail
$600.5K
$525.4K – $700.6K
NOI $42,033 @ 7.0% cap · market cap 7.01%
Theoretical Best
Office A
$1.09M
$955.0K – $1.27M
NOI $76,403 @ 7.0% cap · market cap 12.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail properties & Spaces
Similar For Sale Nearby
FAQs
What type of property is this?
Other retail property - 2,148 SF W 9 Mile Rd Commercial Property For Sale
Where is this other retail property located?
The property is located at 1022 W 9 Mile Road Pensacola, FL.
What is the asking price?
The asking price for this property is $600,000.
