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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
Current use
Occupant on record · Public records
-
Mobile Phone Store Electronics & Wireless Store
-
Insurance Agency
-
Insurance Agency
-
Grocery & Convenience Store Food Market
-
Security Service General Contractor
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.51M
Blend (final)
Blend
$6.05M
Owner & transaction history
since 2025
7 recorded transactions
Zoning & alternative use
HC/LI · Pensacola, FL
Top alternative use upside
Restaurant
$16.7M
+102.7%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$6.05M
Value range
$5.44M – $6.65M
±10% around blend
Estimated value / SF
$113 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
Income certainty
100
$5.44M
blend $6.05M
$6.65M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
53,541 SF
Lot area
12.17 ac
Year built
1985
Stories
1
APN
07-1S-30-2301-000-000
Zoning
HC/LI
Assessed value
$7,961,776
Annual tax
$112,987
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$112,987
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$12.51M
Range $3.77M – $12.51M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$6.05M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 30 sales
$154
-27%
County 31 sales
$151
-25%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $113/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+103%
vs current-use indication
Neighborhood: Shopping Center · current use
Auto Repair, Garage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$23.15M
Move the market yield to see immediate price impact.
Value / SF
$432
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$1.46M
$29.16M
$20.83M
$16.20M
$1.62M
$32.40M
$23.15M
$18.00M
$1.78M
$35.64M
$25.46M
$19.80M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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, FLZoning HC/LI · permitted uses
HC/LI · Pensacola, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · 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
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
HC/LI
Jurisdiction
Pensacola, FL
Recorded code
HC/LI
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for HC/LI in Pensacola, FL.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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