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    9200 Bowman Avenue Pensacola, FL 32534
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    9200 Bowman Avenue, Pensacola, FL 32534

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    Property Details for 9200 Bowman Avenue

    Property type
    Office Spaces
    Property subtype
    Industrial properties

    Description

    This exceptional 4.3-acre property presents a remarkable investment opportunity in Pensacola's burgeoning commercial corridor. Located on Bowman Avenue, just off Nine Mile Road, this strategically positioned land boasts a Heavy Commercial/Light Industrial zoning designation, unlocking a wide array of development possibilities. The site includes a 1,761 square foot building constructed in 1958, featuring three bedrooms, one and a half bathrooms, a garage, and a unique fallout shelter. Additional structures on the property include a barn. Natural gas is readily available, and sewer access is conveniently located approximately 300 feet away on Nine Mile Road. The property's proximity to Nine Mile Road offers unparalleled access to a thriving area with numerous amenities, including medical facilities, retail establishments, dining options, and grocery stores, all within a five-minute radius. This location makes it ideal for a variety of uses, such as a nursing home, assisted living facility, multi-family residential development, affordable housing project, or warehouse space. The property is currently vacant and ready for immediate development. This is a rare chance to acquire prime acreage in a rapidly expanding market, offering significant potential for substantial returns. A combo lockbox is located on the right side of the fence at the gate; the padlock key to the gate and house key are included.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    State
    Florida

    Comparable in this City

    • $2,400,000
      Pending

      Pensacola Land with Income Potential

      11-acre property with mixed-use and commercial zoning, plus leases.
      9200 Fowler Ave, Pensacola, FL 32534
      View Details
    • Contact for pricing
      10,000 SF

      Industrial Warehouse Near I-10

      10,000 SF warehouse with loading platform and laydown yard.
      9901 N Palafox St, Pensacola, FL 32534
      View Details

    Similar Nearby for Sale

    • $2,400,000
      Pending

      Pensacola Land with Income Potential

      11-acre property with mixed-use and commercial zoning, plus leases.
      9200 Fowler Ave, Pensacola, FL 32534
      View Details
    • Contact for pricing
      11,800 SF

      Cleared Land with Warehouse

      9 acres with warehouse and office space for sale.
      8450 Fowler Ave, Pensacola, FL 32534
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo

      Pensacola Flex Space For Rent

      3,000 SF flex space near Hwy 29 and I-10.
      8670 Fowler Ave, Pensacola, FL 32534
      View Details
    • $3,500 /Mo

      Functional Warehouse Space For Lease

      4,500 SF warehouse with office space near Highway 29.
      8670 Fowler Ave, Pensacola, FL 32534
      View Details
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    Pensacola, FL 32534
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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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