New Retail Development on 9 Mile

3811 W 9 Mile Rd, Pensacola, FL 32526

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For Sale

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Under construction mixed-use development on high-traffic 9 Mile Road.

Type:Land, Mixed Use, Retail, Special Purpose

Property size:

17,183 SF

Price / SF:

$218/SF

HighLights

Prime location on 9 Mile Road with high traffic (31,000 AADT).
New mixed‑use commercial development under construction: Daycare, Convenience Store, and Gas Station.
Located less than 1 mile from Navy Federal Credit Union headquarters and I‑10.
In a rapidly growing residential and commercial area of Escambia County (329,996 residents in 2024).
Close proximity to major landmarks: Sacred Heart Hospital, Baptist Health, Pensacola International Airport.
Ideal for 1031 exchange investors or long‑term portfolio growth.

We can help!

Contact an agent

Faith Morgan

For Sale

Contact for pricing

Under construction mixed-use development on high-traffic 9 Mile Road.

Type:Land, Mixed Use, Retail, Special Purpose

Property size:

17,183 SF

Price / SF:

$218/SF

Added:: Sep 8, 2024
Days on Market:: 668
Last Refresh:: Jul 4 at 11:33 am

Property Features for 3811 W 9 Mile Rd

General Information

Standard status: Active
Size: 17,183 SF
Property subtype: Land, Mixed Use, Retail, Special Purpose

We can help!

Contact an agent

Faith Morgan

Listing office FMIG

Listing date Sep 8, 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 FMIG

HighLights

Prime location on 9 Mile Road with high traffic (31,000 AADT).
New mixed‑use commercial development under construction: Daycare, Convenience Store, and Gas Station.
Located less than 1 mile from Navy Federal Credit Union headquarters and I‑10.
In a rapidly growing residential and commercial area of Escambia County (329,996 residents in 2024).
Close proximity to major landmarks: Sacred Heart Hospital, Baptist Health, Pensacola International Airport.
Ideal for 1031 exchange investors or long‑term portfolio growth.

Overview

This mixed-use commercial development is currently under construction on 9 Mile Road in Pensacola, Florida. The site is strategically located less than 1 mile from Navy Federal Credit Union’s headquarters and the I-10 corridor, in a fast-growing residential and commercial hub. The development includes a 10,613 square foot daycare building, a 6,570 square foot UPOP convenience store, and a SHELL gas station with 12 pumps. The location benefits from high traffic, with 9 Mile Road boasting over 31,000 AADT (2022). Escambia County has surged to 329,996 residents (2024) with thousands of new residents arriving monthly. The property is adjacent to Fusion Fine Wine & Liquors, and close to The 52 Apartments and Evolve Apartments. It is also minutes from Sacred Heart Hospital, Baptist Health, Pensacola International Airport, and other major employers. The proposed construction start is Fall 2025. This property is suitable for 1031 exchange investors or long-term portfolio growth. Images are conceptual renderings and not representative of the final completed construction.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$299.0k	$17.40
− Vacancy	−$25.0k	−$1.46
EGI	$274.0k	$15.94
− OpEx	−$68.5k	−$3.99
NOI	$205.5k	$11.96

17,183 SF · lease $17.40/SF/yr · vacancy 8.37% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$2.94M

$2.57M – $3.42M (±1% cap)

NOI $205,469 @ 7.0% cap · market cap 5.48%

Second Best

Retail

$2.77M

$2.43M – $3.24M (±1% cap)

NOI $194,206 @ 7.0% cap · market cap 5.18%

Theoretical Best

Office A

$5.04M

$4.41M – $5.88M (±1% cap)

NOI $353,009 @ 7.0% cap · market cap 9.41%

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

Property Profile Location Intelligence

Current Use by Public Records

Inspire Apartment Complex

Suggested Use

Location Insight

Map
Local Demand

City: Pensacola
County: Escambia
State: Florida
Longitude: -87.3453817
Latitude: 30.5308348

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For sale
Gas stations
FL
Pensacola
32526
3811 W 9 Mile Rd

What type of property is this?

Gas station - Under construction mixed-use development on high-traffic 9 Mile Road.

Where is this gas station located?

The property is located at 3811 W 9 Mile Rd Pensacola, FL.

What is the asking price?

The asking price for this property is $3,750,000.

What are key features of this property?

This property features: Prime location on 9 Mile Road with high traffic (31,000 AADT).; New mixed‑use commercial development under construction: Daycare, Convenience Store, and Gas Station.; Located less than 1 mile from Navy Federal Credit Union headquarters and I‑10.