Warehouse with Office
For Sale
Contact for pricing
Pending
82 E Nine Mile Rd, Pensacola, FL 32534
Older warehouse and office on a HC/LI zoned site, suitable for service-based businesses and small storage.
Property Size1,741 SF
Days on Market125
Property Features for 82 E Nine Mile Rd
General Information
Standard status
Pending
Size
1,741 SF
Property subtype
Retail, Industrial, Land
Zoning
HC/LI
Investment Type
Value Add
Additional Details
Road Access
Yes
Building Details
Year Built
1976
Stories
1
Listing Agency:
Levin Rinke Realty
Listed By:
Darina Ivanova · License #FL 3442366
(850) 602-1635
Source:
Crexi
Added: Jun 19
Changed: Oct 9
Last Checked: Oct 20 at 7:47PM
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 Levin Rinke Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This for-sale property includes an older warehouse and an office area that are in need of renovation. The site is zoned HC/LI and is configured to support warehouse and service-oriented operations.
The property is located on Nine Mile Rd and is described as offering strong visibility and traffic counts, which can support customer-facing and light commercial uses.
As noted in the remarks, the property may be a fit for a tire shop, mechanic shop, small warehouse, or other service-based business seeking a value-add renovation opportunity in a high-demand commercial corridor.
The property is located on Nine Mile Rd and is described as offering strong visibility and traffic counts, which can support customer-facing and light commercial uses.
As noted in the remarks, the property may be a fit for a tire shop, mechanic shop, small warehouse, or other service-based business seeking a value-add renovation opportunity in a high-demand commercial corridor.
Key Highlights
- HC/LI zoned commercial property on Nine Mile Rd
- Older warehouse and office on site, built in 1976
- Warehouse and office are in need of renovation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,295
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,900
$265.9K
Cap Rate 7%
$189,929
$189.9K
Cap Rate 9%
$147,722
$147.7K
Market Conditions
NOI Build-Up for 1,741 SF
Gross rent
$17.3K $9.96/SF
− Vacancy
−$1.7K −$0.98/SF
EGI
$15.6K $8.98/SF
− OpEx
−$2.3K −$1.35/SF
NOI
$13.3K $7.64/SF
Area
Escambia County, FL
Vacancy
9.80%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,900
Cap Rate 7%
$189,929
Cap Rate 9%
$147,722
Alternative Uses
Best Use
Office B
$419.5K
$367.0K – $489.4K
NOI $29,362 @ 7.0% cap · market cap 19.57%
Second Best
Retail
$281.1K
$246.0K – $328.0K
NOI $19,677 @ 7.0% cap · market cap 13.12%
Theoretical Best
Office A
$511.0K
$447.1K – $596.1K
NOI $35,767 @ 7.0% cap · market cap 23.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
736
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32534, FL
16,006
Population
7,573
Households
2.1
Avg Household Size
39
Median Age
22%
College-Educated
92%
High-School Grad
9.9 sq mi
ZIP Area
1,617
Density / Sq Mi
$59,013
Median Household Income
$34,841
Median Earnings
$1,350
Median Rent
$192,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Hurricane Preparedness | ECGC — 9044 N Palafox St, Pensacola, FL 32534
- Self Storage — 312 E 9 Mile Rd, Pensacola, FL 32514
- Stewart Moving & Storage — 9960 N Palafox St, Pensacola, FL 32534
- Covan World-Wide Moving,Inc — Ensley, FL 32534
- Coleman American Moving Services, Inc. — 10020 N Palafox St, Pensacola, FL 32505
Frequently Asked Questions
What type of property is this?
Warehouse - Older warehouse and office on a HC/LI zoned site, suitable for service-based businesses and small storage.
Where is this warehouse located?
The property is located at 82 E Nine Mile Rd Pensacola, FL.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: HC/LI zoned commercial property on Nine Mile Rd; Older warehouse and office on site, built in 1976; Warehouse and office are in need of renovation
