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    Property profile & analytics

    6307 9th Ave Pensacola, FL 32504-9316

    • Community centers
    • 26,542 SF
    • 3.63 lot acres
    OFF-MARKET
    Last Sale
    Aug 16, 2022
    $4,600,000
    Value Estimations
    $4,920,000
    Show details
    Cap Rate Potential
    7.8%
    Community centers
    Location Intelligence
    Property ID
    US18-6080424
    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.

    Current Use by Public Records

    • Innerlight Surf & Skate / (Bike/Boat/Book/etc) Store
    • Quick-Tag / (Bike/Boat/Book/etc) Store / Pet Store & Service
    • AJ's Bikes Plus on 9th Avenue / (Bike/Boat/Book/etc) Store
    • Advance Auto Parts / Auto Parts Store
    • The Sensory Gym / Gym & Fitness Center

    Property Details for 6307 9th Ave

    Year built
    1979
    Construction
    TYPE NOT SPECIFIED
    Lot size
    3.63 lot acres
    Property size
    26,542 SF
    Zone code
    C-2,COM
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    31-1S-30-1902-000-000
    APU
    311S301902000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,060,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,290,000
      6.5%
      $4,885,000
      7%
      $4,535,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,695,000
      Market price range: $1.87M - $6.20M
      AI Estimate
      $5,695,000
      Market price range: $1.87M - $6.20M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $4,095,000
      Current use
      AUTO REPAIR, GARAGE
      $3,735,000
      Change: -9% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $3,630,000
      Change: -11% Conversion: Easy
      OFFICE BUILDING
      $3,530,000
      Change: -14% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.1975
    Latitude
    30.4892
    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
    $62,418
    $0.00
    $0.00
    $3,539,085
    -
    $578,531
    $2,960,554
    $3,539,085

    Comparable in this City

    • Value Estimation
      $2,455,000
      10,500 SF

      6859 9th Ave

      MINI-MALL • 10,500 SF
      6859 9th Ave, Pensacola, FL 32504-7349
      View Details
    • Value Estimation
      $1,745,000
      11,007 SF

      6224 9th Ave

      MINI-MALL • 11,007 SF
      6224 9th Ave, Pensacola, FL 32504-8294
      View Details
    • Value Estimation
      $1,815,000
      15,989 SF

      6886 9th Ave

      MINI-MALL • 15,989 SF
      6886 9th Ave, Pensacola, FL 32504-7348
      View Details
    • Value Estimation
      $1,720,000
      24,466 SF

      7201 9th Ave

      MINI-MALL • 24,466 SF
      7201 9th Ave, Pensacola, FL 32504-6658
      View Details
    • Value Estimation
      $765,000
      9,127 SF

      6103 Tippin Ave

      MINI-MALL • 9,127 SF
      6103 Tippin Ave, Pensacola, FL 32504-8261
      View Details
    • Value Estimation
      $8,750,000
      37,440 SF

      6901 9th Ave

      MINI-MALL • 37,440 SF
      6901 9th Ave, Pensacola, FL 32504-6670
      View Details

    Similar Nearby for Sale

    • $2,200,000
      6,280 SF

      Pensacola Auto Repair Shops Duo

      High-traffic location, two leased shops.
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    • Contact for pricing
      5,200 SF

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      15-year NNN ground lease with rental increases.
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    • $2,600,000
      4,966 SF

      Former Bank on N Davis Hwy

      Former bank building in a high-traffic retail hub.
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    • $399,000
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      Prime Pensacola Retail Building

      Profitable Investment Opportunity in Pensacola, FL
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      Retail Building with Lease in Place

      2,000 SF retail building leased through February 2025.
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    • $1,500,000
      4,551 SF

      Prime Pensacola Restaurant/Retail

      High-traffic location, drive-thru, ample parking.
      7130 N Davis Hwy, Pensacola, FL 32504
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Pensacola

      Retail space available in a shopping center with national co-tenants.
      6241 N Davis Hwy, Pensacola, FL 32504
      View Details
    • Contact for pricing

      Retail Center Near Walmart

      23,000 SF retail center shadow-anchored by Walmart Supercenter.
      2620 Creighton Rd, Pensacola, FL 32504
      View Details
    • $17 SF/Yr
      3,528 SF

      Retail Space Near Walmart

      Retail space available in revitalized Pensacola shopping center.
      2620 Creighton Rd, Pensacola, FL 32504
      View Details
    • Contact for pricing
      46,829 SF

      Retail Space in University Town

      Open-air retail destination anchored by major national tenants.
      7171 N Davis Hwy, Pensacola, FL 32504
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    • $22 SF/Yr
      1,600 SF

      Pensacola Retail Space - 1600 SF

      Prime Pensacola retail space available. High visibility, ample parking.
      6601 N Davis Hwy, Pensacola, FL 32504
      View Details
    • Contact for pricing

      Upscale Shopping Center in Pensacola

      Premier shopping center with high traffic and excellent co-tenants.
      1690 Airport Blvd, Pensacola, FL 32504
      View Details
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    6307 9th Ave
    Pensacola, FL 32504-9316
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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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