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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    121 9th Mile Rd Pensacola, FL 32534-3140

    • Drive through restaurants
    • 3,868 SF
    • 1.38 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-7670003
    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

    • Zaxby's Chicken Fingers & Buffalo Wings / Delivery Restaurant / Caterer

    Property Details for 121 9th Mile Rd

    Year built
    2015
    Construction
    WOOD
    Lot size
    1.38 lot acres
    Property size
    3,868 SF
    Zone code
    HC/LI
    Property type
    Drive through restaurants
    APN
    11-1S-30-1101-012-080
    APU
    111S301101012080

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.2677
    Latitude
    30.5322
    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
    $14,442
    $0.00
    $0.00
    $1,073,680
    -
    $503,874
    $569,806
    $1,073,680

    Comparable in this City

    • Value Estimation by Request
      2,180 SF

      6 9th Mile Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,180 SF
      6 9th Mile Rd, Pensacola, FL 32534-3133
      View Details
    • Value Estimation
      $2,545,000
      2,827 SF

      707 9th Mile Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,827 SF
      707 9th Mile Rd, Pensacola, FL 32534-1857
      View Details
    • Value Estimation by Request
      1,783 SF

      233 9th Mile Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,783 SF
      233 9th Mile Rd, Pensacola, FL 32534-3146
      View Details
    • Value Estimation by Request
      4,830 SF

      5 9th Mile Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,830 SF
      5 9th Mile Rd, Pensacola, FL 32534-1264
      View Details
    • Value Estimation by Request
      3,430 SF

      8001 Pensacola Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,430 SF
      8001 Pensacola Blvd, Pensacola, FL 32534-4351
      View Details
    • Value Estimation
      $1,650,000
      3,031 SF

      2 9th Mile Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,031 SF
      2 9th Mile Rd, Pensacola, FL 32534-3118
      View Details

    Similar Nearby for Sale

    • $650,000
      2,627 SF

      Restaurant with Drive-Thru Window

      Fully equipped restaurant with drive-thru and additional tenant.
      8710 Pensacola Blvd, Pensacola, FL 32534
      View Details
    • $799,000
      2.50 Acres

      Pensacola Blvd Redevelopment Opportunity

      2.5-acre commercial land, high traffic, redevelopment potential.
      10171 N Palafox St, Pensacola, FL 32534
      View Details
    • $340,000
      1,608 SF

      Versatile Commercial Property on Palafox

      Commercial property with high visibility, ample parking, and multiple entrances.
      9225 N Palafox St, Pensacola, FL 32534
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    • $285,000
      2,208 SF

      Commercial Warehouse Near Nine Mile

      Versatile commercial warehouse with high ceilings and roll-up doors.
      86 E Nine Mile Rd, Pensacola, FL 32534
      View Details
    • $1,850,000
      5,193 SF

      Prime Pensacola Blvd Body Shop

      High-traffic location, 4,856 SF building on 0.63 acres.
      8129 Pensacola Blvd, Pensacola, FL 32534
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    • $847,400

      Firestone Property For Sale

      Investment property with frontage on E Nine Mile Rd.
      37 E Nine Mile Rd, Pensacola, FL 32534
      View Details

    Similar Nearby for Lease

    • $7,200 /Mo
      5,760 SF

      Prime Pensacola Retail Space

      High-traffic location, 5760 sq ft.
      31 W 9 Mile Rd, Pensacola, FL 32534
      View Details
    • $26 SF/Yr
      1,200 SF

      Retail Space in Walmart-Anchored Center

      Retail space available in high-traffic Pensacola shopping center.
      1551 E Nine Mile Rd, Pensacola, FL 32534
      View Details
    • $19 SF/Yr
      3,750 SF

      Pensacola Retail Space Available

      High-traffic retail space in thriving Pensacola neighborhood.
      2115 W 9 Mile Rd, Pensacola, FL 32534
      View Details
    • $360 /Mo
      6,000 SF

      Pensacola Executive Office Suites

      Prime Office Space, Flexible Lease Options
      8285 Palafox St, Pensacola, FL 32534
      View Details
    • $18 SF/Yr
      1,000 SF

      Pensacola Blvd Commercial Space Available

      1,000 SF commercial space on high-traffic Pensacola Blvd.
      9900 Pensacola Blvd, Pensacola, FL 32534
      View Details
    • $2,700 /Mo
      3,808 SF

      Versatile Retail/Office Space For Rent

      Adaptable commercial space with retail, office, and residential potential.
      8295 N Palafox St, Pensacola, FL 32534
      View Details

    Property Visit Statistics

    • Visits by month
      16.1k
    • Visitors by month
      11.7k
    • Avg Time on site
      18 min
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    121 9th Mile Rd
    Pensacola, FL 32534-3140
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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.

    More about this property
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