Property summary
The proposed commercial development at 3811 W 9 Mile Rd, Pensacola, Florida 32526 includes a 3.5-acre site with frontage along a high-traffic thoroughfare (over 31,000 average daily vehicles based on 2022 data) and is located less than a mile from the Navy Federal campus and the I-10 corridor. The project is planned as a multi-use development totaling 17,183 square feet, consisting of a 10,613-square-foot MKU Montessori daycare, a 6,570-square-foot UPOP convenience store, and a 12-pump Shell gas station. The site is positioned near Fusion Fine Wine & Liquors and multiple residential complexes, including The 52 Apartments and Evolve Apartments, and is also in proximity to Sacred Heart Hospital, Baptist Hospital, and Pensacola International Airport. The development is described as including 318 units, and the provided materials indicate renderings prior to completion.
Property profile
VerifiedCap rate & NOI
Current use
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Apartment Complex
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Pensacola market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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