Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Land Near Navy Federal Title is generated by Realmo AI

    3200 BLK West Nine Mile Road, Cantonment, FL 32533

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Highly visible land suitable for retail near growing employment hub.

    Type:Land
    Property size:
    2 SF
    Added:
    Nov 21, 2025
    Days on Market:
    197
    Last Refresh:
    May 8 at 10:51 pm

    Property Features for 3200 BLK West Nine Mile Road

    General Information

    Standard status
    Active
    Size
    2 SF
    Property subtype
    Land

    We can help!

    Listing Contact
    Michael Carro, CCIM
    Michael Carro, CCIM

    Listing agent Michael Carro, CCIM License #FL #BK3179263

    Listing office SVN | Southland Commercial Real Estate

    Listing date Nov 21, 2025

    Source Svn

    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 SVN | Southland Commercial Real Estate

    HighLights

    • Outparcel to planned 168‑unit garden‑style apartment complex.
    • High visibility location at I‑10 Exit 5 interchange.
    • Located in a rapidly growing area of Pensacola, FL.
    • Proximity to Navy Federal Credit Union campus (proposed 10,000 employees).
    • Great access to I‑10.
    • Remaining 3 acres suitable for fast food, banks, or retail.

    Overview

    This 17-acre site offers high visibility and great access to I-10, situated at the I-10 Exit 5 interchange. A 168-unit garden-style apartment complex is planned on 14 acres. The remaining 3 acres are divisible and ideally suited for fast food, banks, or retail. Located in the rapidly growing Nine Mile area of Pensacola, Florida, the property benefits from its proximity to the University of West Florida and the Navy Federal Credit Union campus. The Navy Federal campus plans to grow employment from 3,000 to 10,000 employees. Traffic counts include 34,939 cars per day on I-10, 6,200 cars per day on Nine Mile Road, and 5,500 cars per day on the Nine Mile on-ramp. The property is located approximately 2.4 miles on the left from Pensacola Bay Center, west on Gregory, north on Palafox St, west Cervantes St, continue on Mobile Hwy, and north on Co. Rd. 99, east on Nine Mile Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Accounting Firm Electrical Service Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Cantonment
    County
    Escambia
    State
    Florida
    Longitude
    -87.3241
    Latitude
    30.6195

    Nearby Similar for Sale

    • $1,100,000

      Prime Commercial/Industrial Land Opportunity

      1.44-acre commercial parcel near I-10 & Nine Mile Road.
      9551 Pine Cone Dr, Cantonment, FL 32533
      View Details
    • $185,000

      Cantonment Mixed-Use Development Land

      2.11-acre mixed-use development site in Cantonment, Florida.
      1800 Hwy 297 A, Cantonment, FL 32533
      View Details
    • $567,000

      Income-Producing Cantonment Fourplex

      Fourplex with strong rental appeal and consistent cash flow.
      130 E 9 Mile Rd, Cantonment, FL 32534
      View Details
    • $115,000

      Cantonment, FL Land Opportunity

      Sprawling 2.3+ acre lot ideal for building or investment.
      309 Crowndale Rd, Cantonment, FL 32533
      View Details
    • $55,000

      One Acre Residential Lot

      One-acre lot suitable for building a dream home.
      1900 Virecent Rd, Cantonment, FL 32533
      View Details
    • $7,500,000

      Waterfront Land in Cantonment, FL

      420-acre waterfront tract ideal for estate lots or development.
      2020 Becks Lake Rd, Cantonment, FL 32533
      View Details
    • $6,900,000

      Residential Development Land in Cantonment

      189+/- acre residential development site in Cantonment, Florida.
      800 Mckenzie Rd, Cantonment, FL 32533
      View Details
    • $1,100,000

      Prime Commercial Development Opportunity

      1.44-acre commercial parcel near I-10 and Nine Mile Road.
      9551 Pinecone Dr, Cantonment, FL 32533
      View Details
    • $155,000

      Cantonment Land: Build Your Dream

      Two-acre lot in Cantonment, Florida, ideal for custom home.
      1950 Meander Circle, Cantonment, FL 32533
      View Details
    • $3,500,000

      Cantonment Commercial Land For Sale

      1.06 acre commercial land suitable for various business uses.
      9520 Pinecone Dr, Cantonment, FL 32533
      View Details
    • $250,000

      Secluded Cantonment Land Parcel

      5.268-acre agricultural land with "Right to Farm" protections.
      1756 Jacks Branch Rd, Cantonment, FL 32533
      View Details
    • $648,900

      Cantonment Land with Stocked Lake

      Nearly 32 acres with stocked lake ready for development.
      1861 Booth Lake Rd, Cantonment, FL 32533
      View Details

    FAQs

    What type of property is this?
    Land - Highly visible land suitable for retail near growing employment hub.
    Where is this land located?
    The property is located at 3200 BLK West Nine Mile Road Cantonment, FL.
    What are key features of this property?
    This property features: Outparcel to planned 168‑unit garden‑style apartment complex.; High visibility location at I‑10 Exit 5 interchange.; Located in a rapidly growing area of Pensacola, FL.
    (850) 380-3344
    We can help!
    Listing Contact
    Michael Carro, CCIM
    Michael Carro, CCIM
    Real Estate License ID: FL #BK3179263
    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

    Thank You for Inquiry
    3200 BLK West Nine Mile Road, Cantonment, FL 32533
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!