Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3 W 9 Mile Rd Pensacola, FL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in Plaza North Shopping Center.

    Type:RETAIL
    Property size:
    5,000 SF
    Lot size:
    7.80 Acres
    Added:
    Nov 1, 2025
    Days on Market:
    178
    Last Refresh:
    Apr 5 at 8:23 pm

    Property Features for 3 W 9 Mile Rd

    General Information

    Standard status
    Active
    Size
    5,000 SF
    Lot size
    7.80 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 3 W 9 Mile Rd Contact us

    We can help!

    Listing Contact
    Jason Scott
    Jason Scott

    Listing agent Jason Scott License #000066159

    Listing office Stirling Properties | Mobile

    Listing date Nov 1, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Stirling Properties | Mobile

    Overview

    Retail Space in Plaza North

    Located on Nine Mile Rd, Plaza North Shopping Center features a retail space. The property is situated between the Hwy 29/Nine Mile Rd overpass and the lighted intersection at Pensacola Blvd. Suite 4 is primarily open and has a 9'6" ceiling height. The space includes two large partitioned areas toward the back. Current tenants in the shopping center include Tractor Supply, King Buffet, Citi Trends, Coding Ninjas, Anytime Fitness, and Hibbett Sports. The property has a size of 5000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    FedEx Drop Box Postal Service Citi Trends Children'S Clothing Store Hibbett Sports Clothing & Fashion Store Pet Vaccination Clinic ... Veterinary Clinic Tractor Supply Co. Pet Store & Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • NORTH PALAFOX PLAZA — 40 W 9 Mile Rd, Pensacola, FL 32534
    • Lowe's S.C. — 777 W 9 Mile Rd, Pensacola, FL 32534

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.2744
    Latitude
    30.5319

    Nearby Similar for Lease

    • $3,500/Mo

      Functional Warehouse Space For Lease

      4,500 SF warehouse with office space near Highway 29.
      8670 Fowler Avenue Building C1, Pensacola, FL 32534
      View Details
    • $3,500/Mo

      Functional Warehouse Space For Lease

      4,500 SF warehouse with office space near Highway 29.
      8670 Fowler Avenue Building C1, Pensacola, FL 32534
      View Details
    • $15 SF/Yr

      Redevelopment Opportunity on West Main

      Redevelopment-ready stand-alone building on rapidly expanding West Main corridor.
      1180 W. Main Street, Pensacola, FL 32501
      View Details
    • $5 SF/Yr

      New Industrial Space with Office

      New construction industrial space with office in Pensacola, Florida.
      3375 Copter Rd., Pensacola, FL 32514
      View Details
    • $26 SF/Yr

      Turnkey Restaurant Space For Lease

      Fully built-out restaurant space available for immediate occupancy in Pensacola.
      7700 West Fairfield Dr, Unit Pensacola, Pensacola, FL 32506
      View Details
    • $5 SF/Yr

      New Industrial Space with Offices

      New industrial spaces with offices and convenient highway access.
      3375 Copter Rd., Pensacola, FL 32514
      View Details
    • $240 SF/Yr

      2525 N Palafox St, Pensacola, FL

      1,350 SF office space for lease on N. Palafox Street.
      2525 N Palafox St, Pensacola, FL 32501
      View Details
    • $15 SF/Yr

      3507 N Pace Blvd, Pensacola, FL

      Freestanding retail/restaurant property with drive-thru on a major commercial corridor.
      3507 N Pace Blvd, Pensacola, FL 32505
      View Details
    • $6,465/Mo

      Functional Industrial Facility on Palafox

      7,698 SF industrial facility with warehouse and office space for lease.
      2370 N Palafox St, Pensacola, FL 32501
      View Details
    • $6,465/Mo

      Functional Industrial Facility with Office

      7,698± SF industrial facility with warehouse and office space.
      2370 N Palafox St, Pensacola, FL 32501
      View Details
    • $8 SF/Yr

      Pensacola Retail & Warehouse Space

      Retail and warehouse space available in rapidly growing Pensacola trade area.
      3110 N Davis Hwy, Pensacola, FL 32503
      View Details
    • $5,677/Mo

      Pensacola Office/Medical Building For Lease

      High-visibility Pensacola office/medical building with flexible layout and ample parking.
      4850 North 9th Avenue, Pensacola, FL 32503
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available in Plaza North Shopping Center.
    Where is this shopping center located?
    The property is located at 3 W 9 Mile Rd Pensacola, FL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Located in Plaza North Shopping Center on Nine Mile Rd.; High traffic location between Hwy. 29/Nine Mile Rd. overpass and Pensacola Blvd. intersection.; Anchored by Tractor Supply, King Buffet, Citi Trends, Coding Ninjas, Anytime Fitness and Hibbett Sports.
    (251) 942-7728 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jason Scott
    Jason Scott
    Real Estate License ID: 000066159
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!