Property profile

196 9th Mile Rd Pensacola, FL 32534

OFF-MARKET
Office buildings
Property ID
US18-2691124
4,366 SF 0.81 ac lot Built 1983
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1983
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,366 SF
Lot 0.81 ac (35,246 SF)
Zoning code HC/LI,HDMU
APN 08-1S-30-1003-014-031
UPID US18-2691124

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency
  • Insurance Agency
  • Home Health Care Service Care Services
  • Medical Clinic
  • Accounting Firm

Location

196 9th Mile Rd Pensacola, FL 32534-3149
Pensacola metro Census 3609 PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.21M
Comparable Approach Comparable
$855k
Blend (final) Blend
$745k

Owner & transaction history

since 2022
Last sale
$875,000
4 recorded transactions
2022
$875,000
2022
Price N/A
2001
$96,000
1969
Price N/A

Zoning & alternative use

HC/LI,HDMU · Pensacola, FL
Top alternative use upside
Commercial (general) $920,000 +54.9%
Neighborhood: shopping center $675,000 +13.4%
Auto repair, garage $615,000 +3.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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