Pensacola Duplex & Development
For Sale
$399,000
9955 Mobile Hwy, Pensacola, FL 32526
4.53 AC with Existing Duplex For Sale - Zoned RMU
Property Size1,624 SF
Lot Size4.53 Acres
Price / SF$245.69
Days on Market611
Property Features for 9955 Mobile Hwy
General Information
Standard status
Active
Property type
Multifamily properties, Other land, Residential land & home lots, Residential income properties, Land
Size
1,624 SF
Total Parking Spaces
10
Elevators
N/A
Lot size
4.53 Acres
Building Details
Year Built
1979
Buildings
1
Stories
1
Units
2
Listed By:
Paul Salter
(850) 232-7576
Added: Feb 14, 2025
Changed: Mar 16
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located in Pensacola, Florida, this 4.53-acre property features a 1624 square foot duplex. Zoned RMU, the property allows for various commercial uses, with duplexes permitted as a conditional use. The existing duplex requires renovations and a new roof, offering potential for value enhancement. The site backs up to Western Way Drive, providing access. Approximately 50% of the rear of the property has been identified as wetlands. Situated just before the Baldwin County line, the location is a 5-minute drive from the Publix at 9 Mile Road and Beulah Road. The property is perfect for a combined commercial/residential venture. The property's zoning and location make it an attractive proposition for both residential and commercial development.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,673
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,460
$293.5K
Cap Rate 7%
$209,614
$209.6K
Cap Rate 9%
$163,033
$163.0K
Market Conditions
NOI Build-Up for 1,624 SF
Gross rent
$31.0K $19.08/SF
− Vacancy
−$4.3K −$2.65/SF
EGI
$26.7K $16.43/SF
− OpEx
−$12.0K −$7.39/SF
NOI
$14.7K $9.04/SF
Area
Escambia County, FL
Vacancy
13.90%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,460
Cap Rate 7%
$209,614
Cap Rate 9%
$163,033
Alternative Uses
Best Use
Apartment 5plus
$209.6K
$183.4K – $244.6K
NOI $14,673 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$476.6K
$417.1K – $556.1K
NOI $33,364 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Explore this area
Business Placement
Demographics for 32526, FL
43,029
Population
18,478
Households
2.3
Avg Household Size
41
Median Age
24%
College-Educated
93%
High-School Grad
58.4 sq mi
ZIP Area
737
Density / Sq Mi
$71,651
Median Household Income
$40,565
Median Earnings
$1,287
Median Rent
$230,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - 4.53 AC with Existing Duplex For Sale - Zoned RMU
Where is this multifamily property located?
The property is located at 9955 Mobile Hwy Pensacola, FL.
What is the asking price?
The asking price for this property is $399,000.
