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    Property profile & analytics

    356 Nine Mile Rd Pensacola, FL 32534

    • Office buildings
    • 1,563 SF
    • 1.97 lot acres
    For Sale
    View listing
    $249,000
    Value Estimation
    Last Sale
    Jun 16, 2022
    $223,800
    Location Intelligence
    Property ID
    US18-3268600
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Richard Alvoid, PA - Immigration Attorney - Law Firm - Immigration Lawyer / Immigration Attorney
    • Law Office of Cristina Zanardi, Italian Attorney and Foreign Legal Consultant / Immigration Attorney / Attorney

    Property Details for 356 Nine Mile Rd

    Year built
    1959
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.97 lot acres
    Property size
    1,563 SF
    Zone code
    HC/LI
    Property type
    Office buildings
    APN
    09-1S-30-2101-093-008
    APU
    091S302101093008

    Description

    This exceptional 1.23-acre commercial land parcel in Pensacola, Florida, presents a remarkable development opportunity. Located at 356 W. Nine Mile Rd., Escambia County, zip code 32534, this flat, clear site boasts convenient access to Pensacola Blvd. (Hwy. 29) and is surrounded by significant ongoing development. The property is zoned HC/LI and will be subdivided from a larger, approximately 2-acre parcel. Ingress and egress will be from W. Nine Mile Rd., with access points from both east and west sides via a median cut. An easement will be granted along the eastern border for access to the subdivided 1.23-acre portion. The site's prime location and readiness for immediate development make it an attractive investment. The seller may also consider offers on the entire approximately 2-acre parcel. This is a rare chance to acquire a strategically positioned commercial lot in a rapidly growing area. The latitude and longitude coordinates are 30.533477498768427, -87.27942331248077 respectively. Serious inquiries only.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $195,000

    • CAP approach

      CAP return
      Estimation
      6%
      $210,000
      6.5%
      $195,000
      7%
      $205,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $175,000
      Geo Method
      $200,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $175,000
      Retail
      $200,000
      Mixed-Use
      $170,000
      Hospitality
      $200,000
      Educational
      $200,000
      Residential Income
      $200,000
      Energy
      $185,000
      Income-Based Land
      $225,000
      Food Service
      $200,000

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.2797
    Latitude
    30.5346
    CBSA code
    37860
    CBSA name
    PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,327
    $0.00
    $0.00
    $392,164
    -
    $283,680
    $108,484
    $392,164

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    356 Nine Mile Rd
    Pensacola, FL 32534
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
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