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    541 9th Mile Rd Pensacola, FL 32534-1833
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    Property profile & analytics

    541 9th Mile Rd, Pensacola, FL 32534-1833

    View on Map
    • Retail space
    • 111,594 SF
    • 11.86 lot acres
    Off-Market
    Property ID
    US18-5107151
    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.
    Value Estimations
    $9,380,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Yale KeyExpress / Locksmith / (Bike/Boat/Book/etc) Store
    • Compact Power Equipment Rental / (Bike/Boat/Book/etc) Store / Rental Equipment Company
    • Amerigas Propane Exchange / Propane Supplier
    • Primo Water Exchange / Big Box & Wholesale Store
    • Plumbing Repair Service at Depot / Plumbing Service / General Contractor

    Property Details for 541 9th Mile Rd

    Year built
    2005
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    11.86 lot acres
    Zone code
    HC/LI
    Property type
    Retail space
    APN
    10-1S-30-1102-000-080
    APU
    101S301102000080

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,379,000
      Market price range: $5.37M - $22.0M
      AI Estimate
      $9,379,000
      Market price range: $5.37M - $22.0M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $12,900,000
      Current use
      OFFICE BUILDING
      $15,185,000
      Change: +18% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $13,245,000
      Change: +3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.2807
    Latitude
    30.5317
    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
    $86,389
    $0.00
    $0.00
    $6,106,748
    -
    $1,986,800
    $4,119,948
    $6,106,748

    Comparable in this City

    • Value Estimation
      $525,000
      2,657 SF

      2118 9th Mile Rd

      RETAIL STORES (PERSONAL SERVICES)
      2118 9th Mile Rd, Pensacola, FL 32534-9464
      View Details
    • Value Estimation by Request
      1,400 SF

      8611 Palafox St

      RETAIL STORES (PERSONAL SERVICES)
      8611 Palafox St, Pensacola, FL 32534-3403
      View Details
    • Value Estimation by Request
      2,339 SF

      8980 Pensacola Blvd

      RETAIL STORES (PERSONAL SERVICES)
      8980 Pensacola Blvd, Pensacola, FL 32534-1927
      View Details
    • Value Estimation
      $730,000
      4,265 SF

      7950 Pensacola Blvd

      RETAIL STORES (PERSONAL SERVICES)
      7950 Pensacola Blvd, Pensacola, FL 32534-4249
      View Details
    • Value Estimation by Request
      7,579 SF

      8449 Pensacola Blvd

      RETAIL STORES (PERSONAL SERVICES)
      8449 Pensacola Blvd, Pensacola, FL 32534-4360
      View Details
    • Value Estimation
      $945,000
      11,163 SF

      155 Hood Dr

      RETAIL STORES (PERSONAL SERVICES)
      155 Hood Dr, Pensacola, FL 32534-3058
      View Details

    Similar Nearby for Sale

    • $847,440
      6,212 SF

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      Established Tow Truck Business For Sale

      Lucrative tow truck operation serving multiple counties with strong customer base.
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    Similar Nearby for Lease

    • Contact for pricing
      3,185 SF

      Retail Space in High-Traffic Center

      Retail space available in a high-traffic Pensacola shopping center.
      2 E Nine Mile Rd, Pensacola, FL 32534
      View Details
    • Contact for pricing
      1,231 SF

      Retail Space Near University

      Retail space available near the University of West Florida.
      8958 Pensacola Blvd, Pensacola, FL 32534
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      1,000 SF

      Retail Space on Corner Lot

      Corner retail space available for lease on busy street.
      10399 Chemstrand Rd, Pensacola, FL 32534
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      1,000 SF

      Pensacola Blvd Commercial Space Available

      1,000 SF commercial space on high-traffic Pensacola Blvd.
      9900 Pensacola Blvd, Pensacola, FL 32534
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    • Contact for pricing
      2,500 SF

      Retail Space in Plaza North

      Retail space available in Plaza North Shopping Center.
      3 W Nine Mile Rd, Pensacola, FL 32534
      View Details
    • Contact for pricing
      800 SF

      Retail Space in Pine Forest

      800 SF retail space in a developing Pensacola corridor.
      2115 W Nine Mile Rd, Pensacola, FL 32534
      View Details

    Property Visit Statistics

    • Visits by month
      50.7k
    • Visitors by month
      32.1k
    • Avg Time on site
      26 min
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    Pensacola, FL 32534-1833
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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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