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

    4850 N 9th Ave Pensacola, FL 32503

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

    Adaptable office/medical space in the heart of Pensacola, Florida.

    Type:Office
    Property size:
    3,586 SF
    Price / SF:
    $222/SF
    Added:
    Oct 30, 2024
    Days on Market:
    542
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 4850 N 9th Ave

    General Information

    Standard status
    Active
    Size
    3,586 SF
    Property subtype
    Office

    Building Details

    Year Built
    1979

    We can help!

    Listing Contact
    Michael Carro

    Listing agent Michael Carro License #AL 000093777

    Listing office SVN | SouthLand Commercial Pensacola

    Listing date Oct 30, 2024

    Source Crexi

    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 Pensacola

    Overview

    Pensacola Office/Medical Building For Sale

    This versatile office/medical building is available for sale. Situated on Pensacola’s high-traffic 9th Avenue, the property benefits from excellent visibility. The property features five spacious, private offices designed to support a range of professional and medical needs. A flexible layout allows for seamless workflow, while the second story provides additional storage or office space. The building has over 20 parking spaces. The property offers a well-located, adaptable space in the heart of Pensacola, FL. The property size is 3,586 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rachael Mcgehee Dental Office Upperline Foot and Ankle: ... Physician Mark Sabol Greskovich Dental Office Brett Thomas Laggan Dental Office 9th Avenue Dental ... Dental Office

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Dr. D. Bordelon, DVM, DACVECC — 4800 N Davis Hwy, Pensacola, FL 32503
    • Burton Melissa DVM — 5001 N 12th Ave, Pensacola, FL 32504
    • Goett Scott DVM — 4800 N Davis Hwy, Pensacola, FL 32503
    • The Veterinary Emergency Referral Center — 4800 N Davis Hwy, Pensacola, FL 32503
    • Diaz Debra DVM — 5001 n 12th ave, pensacola, fl 32504

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.2123549
    Latitude
    30.4695533

    Nearby Similar for Sale

    • $700,000
      4,122 SF

      New Construction Duplex Investment Opportunity

      Two new duplexes on one parcel, estimated completion August 2026.
      6321 Denver Avenue, Pensacola, FL 32526
      View Details
    • $298,000

      Pensacola Recording Studio for Sale

      Professional recording studio in Pensacola's cultural center.
      908 W Government Street, Pensacola, FL 32502
      View Details
    • $700,000

      New Construction Duplex Investment Opportunity

      Two new duplexes on one parcel, estimated completion August 2026.
      6321 Denver Ave, Pensacola, FL 32526
      View Details
    • $580,000
      933 SF

      Pensacola Quadplex with Income Potential

      Quadplex near NAS Pensacola with income and owner-occupancy potential.
      672 S 72nd Ave, Pensacola, FL 32506
      View Details
    • $500,000

      Turnkey Quadplex in Pensacola, Florida

      Fully leased, professionally managed quadplex near NAS Pensacola and Corry Station.
      676 S 72nd Ave, Pensacola, FL 32506
      View Details
    • $685,000
      2,984 SF

      Freestanding QSR with Drive-Thru

      Freestanding restaurant/retail property with drive-thru on 0.88 acres.
      3507 Pace Blvd, Pensacola, FL 32505
      View Details
    • $400,000

      Pensacola Duplex Investment Opportunity

      Two homes on one lot, ideal for investors.
      500 Lownde Ave, Pensacola, FL 32507
      View Details
    • $599,000

      New Construction Duplex Near Downtown

      Modern duplex with income potential, near downtown Pensacola.
      305 N Pace Blvd unit: A+B, Pensacola, FL 32505
      View Details
    • $575,000
      2,380 SF

      Pensacola Single-Story Home with Pond View

      Four-bedroom Pensacola home in Landfall Subdivision with pond view.
      4003 Indigo Drive, Pensacola, FL 32507
      View Details
    • $750,000

      East Hill Duplex on Corner

      Spacious, updated duplex in East Hill, Pensacola.
      1119 & 1121 E Lakeview Ave, Pensacola, FL 32503
      View Details
    • $599,000

      New Construction Duplex Near Downtown

      Modern duplex with strong rental potential near downtown Pensacola.
      315 N Pace Blvd unit: A+B, Pensacola, FL 32505
      View Details
    • $725,000

      Renovated Fourplex in East Hill

      Income-producing fourplex in East Hill near downtown Pensacola.
      1601 E Cervantes, Pensacola, FL 32501
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Adaptable office/medical space in the heart of Pensacola, Florida.
    Where is this medical office space located?
    The property is located at 4850 N 9th Ave Pensacola, FL.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: High‑traffic location on 9th Avenue with excellent visibility.; Versatile office/medical building suitable for a range of professional needs.; Five spacious, private offices.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Michael Carro
    Real Estate License ID: AL 000093777
    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!