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    9700 Blk Highway 98 W Pensacola, FL 32506
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    9700 Blk Highway 98 W Pensacola, FL 32506

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    • Land
    For Sale
    $525,000
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    1 Acre Commercial Lot Next to Publix For Sale
    $525,000
    43,777 SF

    1 Acre Commercial Lot Next to Publix

    1 Acre Commercial Lot For Sale Next to Publix

    9700 Blk Highway 98 W, Pensacola, FL 32506
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    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 9700 Blk Highway 98 W

    Property type
    Land
    Property subtype
    Commercial land

    Description

    This 1.0 Acre commercial lot is conveniatly located next to Publix, and other national brands. The lot sits less than a mile from Blue Angel HWY and HWY 98 intersection. HWY 98 W boasts a growing Traffic count of 20,000 CPD. The entire 1.0 acres has been brushed cleared. 9716 HWY 98 W which sits next to 9700 BLK HWY 98 is also for sale. Both lots have undergone a wetland study. Seller is willing to reduce price to $825,000 for a combined sale of both parcels.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    State
    Florida
    Longitude
    -87.2518824
    Latitude
    30.4415185

    Comparable in this City

    • Value Estimation by Request

      +/- 83 Acres Land For Sale

      +/- 83 Acres Land For Sale
      418 S Blue Angel Pkwy, Pensacola, FL 32506
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    • Value Estimation by Request

      4.6 Acres HDMU Lighted Intersection For Sale

      4.6 Acres HDMU Lighted Intersection For Sale
      5710 Lillian Hwy, Pensacola, FL 32506
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    • Value Estimation by Request

      +/- 14.59 - 20 Acres Available

      +/- 14.59- 20 Acres Available
      5061 Mobile Hwy, Pensacola, FL 32506
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    • Value Estimation by Request

      FOR SALE: 1.45 Acres Vacant Land with Frontage to N New Warrington

      FOR SALE: 1.45 Acres Vacant Land with Frontage to N New Warrington
      W Gregory St, Pensacola, FL 32506
      View Details
    • Value Estimation by Request

      +/- 85-Acre Pensacola Development Opportunity For Sale

      +/- 85-Acre Pensacola Development Opportunity For Sale
      221 N Blue Angel Pkwy, Pensacola, FL 32506
      View Details
    • Value Estimation by Request
      7.96 Acres

      Blue Angel Pkwy

      Land • 7.96 Acres
      0 Blue Angel Pkwy, Pensacola, FL 32506
      View Details

    Similar Nearby for Sale

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      Pensacola Development Site on Hwy 98

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    Similar Nearby for Lease

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      3.38 AC Lot For Lease

      3.38 AC lot with frontage on S Blue Angel Parkway.
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      3.38 AC Lot Available

      3.38 AC lot with frontage on S Blue Angel Parkway.
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      View Details
    • Contact for pricing
      2,450 SF

      Retail Space in Winn-Dixie Center

      Retail space available in well-located, Winn-Dixie anchored shopping center.
      23-38 S Blue Angel Pkwy, Pensacola, FL 32506
      View Details
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    Pensacola, FL 32506
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    9700 Blk Highway 98 W, Pensacola, FL, 32506
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