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Property profile & analytics
FOR SALE
Community centers
875 E Nine Mile Rd Pensacola, FL 32514
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US19-0701053
For Sale
1 / 2
$250,000
875 E Nine Mile Rd, Pensacola, FL 32514
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Property summary
AI-generated overview
This exceptional 3,200 square foot retail space is located at 875 E 9 Mile Rd, Pensacola, FL 32514, within a Class A, 21,277 square foot shopping center built in 2016. The property features a single-story building with 14 suites and ample parking (103 spaces). This particular unit, formerly occupied by a women's clothing store, offers a spacious 40' x 80' open floor plan with two bathrooms. Situated on a 7-acre lot, the property benefits from high visibility on East 9 Mile Road, across from Guidy Lane. The zoning is HC-LI, and the property's location is further enhanced by its proximity to open space. The landlord prioritizes tenant harmony and will not lease to competing businesses. While an end unit, it does not include a drive-through. Municipal power is provided. This is a fantastic opportunity for a retailer seeking a well-located, high-quality space in a thriving Pensacola commercial area. The minimum divisible space is 3,200 square feet. The property's APN is 12-1S-30-1001-000-000.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2016
Construction
TYPE NOT SPECIFIED
Total area
21,433 SF
Lot
7.16 ac (311,890 SF)
Zoning code
HC/LI
APN
12-1S-30-1001-000-000
UPID
US19-0701053
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
-
La Di Da Boutique, INC Clothing & Fashion Store
-
Beasley Jewelers & Design (Bike/Boat/Book/etc) Store
-
Redefyne- Skin & Body Revival Spa & Massage Center Alternative Medicine Practice
-
SynerG Wellness Club Weight Loss Service
-
Legal Leaf Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.80M
Blend (final)
Blend
$2.80M
Owner & transaction history
Pointe Park LLC · 10 yrs held
Pointe Park LLC
since 2015
7 recorded transactions
Zoning & alternative use
HC/LI · Pensacola, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$3,305,000
Current use
AUTO REPAIR, GARAGE
$3,015,000
Change: -9% · Conversion: Difficult
OFFICE BUILDING
$2,945,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$2.80M
Range $2.52M – $3.07M · ±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
$130 / 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
$24,172
Tax year 2023
Assessed value
$1,738,071
Assessed 2023
Previous assessed
$1,603,399
+8.4% YoY
Effective rate
1.39%
On assessed value
Land market value
$409,200
Improvement market value
$1,328,871
Total market value
$1,738,071
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 Sale
Year built
2016
Construction
TYPE NOT SPECIFIED
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
21,433 SF
Lot
7.16 ac (311,890 SF)
Zoning code
HC/LI
APN
12-1S-30-1001-000-000
UPID
US19-0701053
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
$3.3M
AUTO REPAIR, GARAGE
Est. value
$3.0M
OFFICE BUILDING
Est. value
$2.9M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2016
Construction
TYPE NOT SPECIFIED
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
1
Lot
7.16 ac
Current owner
From public records · entity-resolved
Pointe Park LLC
Entity
Mailing address
PO BOX 15459, HATTIESBURG, MS 39404-5459
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2017
—
Pointe Park LLC
—
Deed
related
—
Sep 8, 2016
—
Pointe Park LLC
—
Deed
related
—
Sep 1, 2015
—
Pointe Park LLC
Pensacola Real Estate Holdings LLC
Warranty Deed
$1,700,000 · Trustmark National Bank
Dec 18, 2013
$172,000
Pensacola R & E Holdings LLC
Synovus Bk
Grant Deed
—
May 28, 2010
—
Coastal Bk & Trust Of Fl
Dkinv LLC Coc
Trustees Deed
related
—
Jan 1, 2007
—
Dkinv LLC
Owner Name Unavailable
Warranty Deed
related
—
Nov 10, 2004
$1,100,000
Dkinv LLC
Bedwell,charles E & Mary L
Warranty Deed
$880,000 · Bank Of Pensacola
Apr 25, 2001
—
Peggy B Banks
Banks,peggy B
Quit Claim Deed
related
$450,000 · Foundation Financial Svcs INC
—
—
Pointe Park LLC
—
Loan Modification
related
—
—
—
Pointe Park LLC
—
Loan Modification
related
—
—
—
Charlie Bedwell
—
Deed Of Trust
related
$20,000 · John Dunn & Miller Real Estate
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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