Restaurant with Commercial
For Sale
Contact for pricing
E 9 Mile Rd, Pensacola, FL 32514
Established dining operation with a modern interior, full kitchen, and ample parking near E 9 Mile Rd.
Property Size1,400 SF
Price / SF$178.57
Days on Market726
Property Features for E 9 Mile Rd
General Information
Standard status
Active
Size
1,400 SF
Class
A
Property subtype
Business for Sale
Zoning
HC/LI
Occupancy
100%
Lease Type
NN
Investment Type
Owner/User
Additional Details
Business Included
Yes
Equipment Included
Yes
Building Details
Year Built
2016
Year Renovated
2017
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Alliance Real Estate
(850) 516-9967
Listed By:
Daniel Hua · License #FL SL3527144
Source:
Crexi
Added: Sep 6, 2024
Changed: Aug 30
Last Checked: Aug 30 at 1:07PM
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 Alliance Real Estate
Investment Insights
Based on property information with market context.
Restaurant business asset sale with a 1,400-square-foot dining area and approximately 932 square feet of kitchen space. The interior features modern design, while the kitchen is described as fully equipped for restaurant operations. Ample parking is available on site.
The property is located near E 9 Mile Rd in Pensacola, close to surrounding neighborhoods. Zoning is HC/LI, and the building was constructed in 2016. Additional information requires execution of a nondisclosure agreement.
The property is located near E 9 Mile Rd in Pensacola, close to surrounding neighborhoods. Zoning is HC/LI, and the building was constructed in 2016. Additional information requires execution of a nondisclosure agreement.
Key Highlights
- 1,400‑square‑foot dining area
- Approximately 932 square feet of kitchen space
- Full commercial kitchen included with business assets
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,741
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$334,820
$334.8K
Cap Rate 7%
$239,157
$239.2K
Cap Rate 9%
$186,011
$186.0K
Market Conditions
NOI Build-Up for 1,400 SF
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.
Gross rent
$24.4K $17.40/SF
− Vacancy
−$2.0K −$1.46/SF
EGI
$22.3K $15.94/SF
− OpEx
−$5.6K −$3.99/SF
NOI
$16.7K $11.96/SF
Area
Escambia County, FL
Vacancy
8.37%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$334,820
Cap Rate 7%
$239,157
Cap Rate 9%
$186,011
Alternative Uses
Best Use
Specialty Retail
$239.2K
$209.3K – $279.0K
NOI $16,741 @ 7.0% cap · market cap 6.70%
Second Best
Industrial
$112.8K
$98.7K – $131.6K
NOI $7,894 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$410.9K
$359.5K – $479.4K
NOI $28,762 @ 7.0% cap · market cap 11.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
561
Businesses Nearby
83k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Home Improvements & Furnishings 22%
Shops & Services 14%
Apparel 9%
Taco Bell
Dining
21,141 visits/mo
0.4 miles
Harbor Freight Tools
Home Improvements & Furnishings
17,994 visits/mo
0.4 miles
Firehouse Subs
Dining
9,097 visits/mo
0.4 miles
Regions Bank
Shops & Services
7,259 visits/mo
0.4 miles
Goodwill
Apparel
7,093 visits/mo
0.4 miles
Demographics for 32514, FL
40,844
Population
19,117
Households
2.1
Avg Household Size
39
Median Age
33%
College-Educated
91%
High-School Grad
19.8 sq mi
ZIP Area
2,063
Density / Sq Mi
$66,484
Median Household Income
$36,178
Median Earnings
$1,358
Median Rent
$241,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established dining operation with a modern interior, full kitchen, and ample parking near E 9 Mile Rd.
Where is this conventional restaurant located?
The property is located at E 9 Mile Rd Pensacola, FL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,400‑square‑foot dining area; Approximately 932 square feet of kitchen space; Full commercial kitchen included with business assets
