Warehouse with Office
82 E Nine Mile Rd Pensacola, FL 32534
82 E Nine Mile Rd, Pensacola, FL, 32534
Contact for pricing
For Sale
Contact for pricing
Older warehouse and office on a HC/LI zoned site, suitable for service-based businesses and small storage.
Property Size1,741 SF
Price / SF$86.16
Days on Market33
Property Features for 82 E Nine Mile Rd
General Information
- Standard status
- Active
- Size
- 1,741 SF
- Property subtype
- Retail, Industrial, Land
Building Details
- Year Built
- 1976
Listing agency
Levin Rinke Realty
(850) 602-1635
Listed by
Darina Ivanova · License #FL 3442366
Source
Crexi
Added: Jun 19 Updated: Jul 20 at 9:38PM Checked: Jul 20 at 9:38PM
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
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
Local Financial Insights For Warehouse
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 | $17.3k | $9.96 |
| − Vacancy | −$1.7k | −$0.98 |
| EGI | $15.6k | $8.98 |
| − OpEx | −$2.3k | −$1.35 |
| NOI | $13.3k | $7.64 |
1,741 SF · lease $9.96/SF/yr · vacancy 9.80% · expense 15.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Hurricane Preparedness | ECGC — 9044 N Palafox St, Pensacola, FL 32534
- Self Storage — 312 E 9 Mile Rd, Pensacola, FL 32514
- Covan World-Wide Moving,Inc — Ensley, FL 32534
- Stewart Moving & Storage — 9960 N Palafox St, Pensacola, FL 32534
- Coleman American Moving Services, Inc. — 10020 N Palafox St, Pensacola, FL 32505
FAQs
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
