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Property profile & analytics
FOR LEASE
Community centers
312 E Nine Mile Rd, Pensacola, FL 32514
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US18-2170674
For Lease
1 / 5
$20 SF/Yr
312 E Nine Mile Rd, Pensacola, FL 32514
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Property summary
AI-generated overview
Located at 312 E 9 Mile Rd, Pensacola, FL 32514, Nine Mile Road Plaza offers exceptional retail opportunities in Escambia County. This single-story, 143,352 square foot retail center, built in 1986, currently has 10,125 square feet of vacant space available for lease. Units range in size from 621 to 2,685 square feet, providing flexibility for various business needs. The property boasts ample parking with 623 spaces available for customers and employees. The plaza's prime location ensures high visibility and accessibility, making it an ideal location for businesses seeking strong foot traffic. Given its established presence and convenient amenities, Nine Mile Road Plaza presents a compelling investment opportunity for retailers looking to establish or expand their operations in a thriving Pensacola market. The property is a multi-tenant building with no elevators. Interested parties should inquire about available unit sizes and lease terms.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
53,541 SF
Lot
12.17 ac (530,125 SF)
Zoning code
HC/LI
APN
07-1S-30-2301-000-000
UPID
US18-2170674
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
T-Mobile Authorized Retailer Mobile Phone Store Electronics & Wireless Store
-
Kittrell Insurance Insurance Agency
-
Brown Greg Insurance Agency
-
Winn-Dixie Pharmacy Grocery & Convenience Store Food Market
-
Security 1st Solutions Security Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.51M
Blend (final)
Blend
$12.52M
Owner & transaction history
Mdrr Dst 1
Mdrr Dst 1
since 2025
7 recorded transactions
Zoning & alternative use
HC/LI · Pensacola, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$16.7M
+102.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Pensacola submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pensacola submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$8,260,000
Current use
RESTAURANT
$16,740,000
Change: +103% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,530,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$12.52M
Range $11.26M – $13.77M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$234 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$112,987
Tax year 2023
Assessed value
$7,961,776
Assessed 2023
Previous assessed
$7,678,386
+3.7% YoY
Effective rate
1.42%
On assessed value
Land market value
$2,191,362
Improvement market value
$5,770,414
Total market value
$7,961,776
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
5
Stories
1
Bathrooms
17
Total area
53,541 SF
Lot
12.17 ac (530,125 SF)
Zoning code
HC/LI
APN
07-1S-30-2301-000-000
UPID
US18-2170674
Jurisdiction
ESCAMBIA
Zoning & alternative use
HC/LI · Pensacola, FL
Zoning HC/LI · permitted uses
HC/LI · Pensacola, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pensacola. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$8.3M
RESTAURANT
Est. value
$16.7M
AUTO REPAIR, GARAGE
Est. value
$7.5M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
5
Bathrooms
17
Lot
12.17 ac
Current owner
From public records · entity-resolved
Mdrr Dst 1
Individual
Mailing address
240 BROOKSTONE CTR PKWY, COLUMBUS, GA 31904-2974
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2025
$14,554,600
Mdrr Dst 1
Suebproflitt Mdrr Xxv Depositor 1 L
Special Warranty Deed
—
Jul 30, 2025
$14,544,600
Mdrr Xxv Depositor 1 LLC
Drake Motor Partners Pensacola LLC
Special Warranty Deed
—
Oct 1, 2024
$4,500,000
Drake Motor Partners Pensacola LLC
Nc Pensacola LLC
Special Warranty Deed
—
Jun 20, 2017
—
Nine Mile Plaza Investors LLC
—
Grant Deed
related
$10,500,000 · Ubs Ag
Jul 18, 2014
$900,000
Nc Pensacola LLC
Nine Mile Plaza Investors LLC
Grant Deed
—
Aug 20, 2010
$6,066,700
Nine Mile Plaza Investors LLC
Nine Mile Partners Ltd
Grant Deed
$4,315,000 · Capital One
Nov 18, 2009
—
Npc International INC
—
Deed Of Trust
related
$415,000,000 · J P Morgan Chase Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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