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    Property profile & analytics

    1741 E Nine Mile Rd Pensacola, FL 32534

    • Super regional malls
    • 19,012 SF
    • 1.76 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4019135
    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

    • Firehouse Subs Pensacola #4 / Take-out & Catering / Catering Service
    • Wild Honey Frozen Yogurt - Pensacola, FL / Cafe & Coffee Shop / Take-out & Catering
    • Nori Japanese Sushi & Grill / Restaurant
    • Yummy poke & Bubble tea / Restaurant
    • VIPcare Pensacola - Nine Mile / Medical Clinic

    Property Details for 1741 E Nine Mile Rd

    Year built
    2000
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.76 lot acres
    Property size
    19,012 SF
    Zone code
    COM
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    14-1S-30-3300-000-080
    APU
    141S303300000080

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,329,000
      Market price range: $1.34M - $4.44M
      AI Estimate
      $2,329,000
      Market price range: $1.34M - $4.44M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,930,000
      Current use
      AUTO REPAIR, GARAGE
      $2,675,000
      Change: -9% Conversion: Difficult
      OFFICE BUILDING
      $2,610,000
      Change: -11% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.225
    Latitude
    30.5306
    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
    $20,161
    $0.00
    $0.00
    $1,447,622
    -
    $440,000
    $1,007,622
    $1,447,622

    Comparable in this City

    • Value Estimation by Request
      14,959 SF

      1765 9th Mile Rd

      REGIONAL SHOPPING CENTER, MALL • 14,959 SF
      1765 9th Mile Rd, Pensacola, FL 32514-5479
      View Details
    • Value Estimation
      $535,000
      12,008 SF

      7804 Sears Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 12,008 SF
      7804 Sears Blvd, Pensacola, FL 32514-4544
      View Details
    • Value Estimation
      $2,875,000
      49,082 SF

      3351 Mclemore Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 49,082 SF
      3351 Mclemore Dr, Pensacola, FL 32514-7074
      View Details
    • Value Estimation
      $1,510,000
      12,800 SF

      7790 Sears Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 12,800 SF
      7790 Sears Blvd, Pensacola, FL 32514-4542
      View Details
    • Value Estimation
      $1,065,000
      18,180 SF

      3381 Bill Metzger Ln

      WHOLESALE OUTLET, DISCOUNT STORE • 18,180 SF
      3381 Bill Metzger Ln, Pensacola, FL 32514-7070
      View Details
    • Value Estimation
      $1,925,000
      18,750 SF

      3350 Bill Metzger Ln

      WHOLESALE OUTLET, DISCOUNT STORE • 18,750 SF
      3350 Bill Metzger Ln, Pensacola, FL 32514-7076
      View Details

    Similar Nearby for Sale

    • $900,000
      3,500 SF

      Prime Pensacola Drive-Thru Retail Space

      High-traffic location, 3,500 SF, sale/lease.
      500 E 9Mile Rd, Pensacola, FL 32514
      View Details
    • $649,500
      3,000 SF

      Prime Pensacola Brewery/Retail Space

      High-traffic Hwy 90 location, 3,000 SF building, ideal for redevelopment.
      9838 N Davis Hwy, Pensacola, FL 32514
      View Details
    • $250,000
      1,400 SF

      Pensacola Restaurant - Turnkey Opportunity

      Established Asian eatery, high-traffic location.
      875 E 9 mile road, Pensacola, FL 32514
      View Details
    • Contact for pricing

      Renovated Office & Retail Complex

      High-visibility Pensacola commercial property with flexible layouts and recent renovations.
      2210 E Olive Rd, Pensacola, FL 32514
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    • $32,000
      1,040 SF

      Turnkey Tobacco Business Opportunity

      Established tobacco business for sale with assumable lease.
      8084 N Davis Hwy, Pensacola, FL 32514
      View Details
    • $60,825
      0.44 Acres

      Pensacola Land For Sale

      Seven lots in a subdivision near universities, shopping, and restaurants.
      9000 Governors Place Ct, Pensacola, FL 32514
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      1,400 SF

      Pensacola Retail Space Available

      Prime 1400 SF Retail, East 9 Mile Rd
      955 E Nine Mile Rd, Pensacola, FL 32514
      View Details
    • Contact for pricing

      University Town Center Retail Space

      Retail spaces available at University Town Center in Pensacola.
      9251 University Pkwy, Pensacola, FL 32514
      View Details
    • Contact for pricing

      Pensacola Retail Pad Site

      Ground lease opportunity near major retailers in Pensacola, Florida.
      9300 Baldridge Dr, Pensacola, FL 32514
      View Details
    • $33 SF/Yr
      1,814 SF

      Prime Pensacola Retail Space

      New 1814 sq ft retail/office space; high visibility; excellent location.
      620 E 9 Mile Road, Pensacola, FL 32514
      View Details
    • $33 SF/Yr
      1,512 SF

      Prime Pensacola Retail Space

      New 1,512 SF Retail/Office Suite Available
      620 E 9 Mile Road, Pensacola, FL 32514
      View Details
    • $34 SF/Yr
      2,247 SF

      Prime Pensacola Retail Space

      New 2,247 SF retail/office suite; high visibility; excellent location.
      620 E 9 Mile Road, Pensacola, FL 32514
      View Details

    Property Visit Statistics

    • Visits by month
      1.6k
    • Visitors by month
      1.4k
    • Avg Time on site
      35 min
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    Pensacola, FL 32534
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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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