Fully Occupied Strip
For Sale
$3,890,000
100 CENTER CREEK Road, St Augustine, FL 32084
Commercial Sale, St. Augustine, FL
Property Size19,796 SF
Lot Size2.51 Acres
Price / SF$196.50
Days on Market52
Property Features for 100 CENTER CREEK Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial/Residential/Office
Parking features
Parking Lot
Subdivision
Metes & Bounds
Lot features
Corner Lot
Directions
I95, exit 318 towards St. Augustine, left onto varella Ave., left on Lewis Speedway, left on whispering Brk Dr.
Standard status
Active
APN
1028200003
Size
19,796 SF
Lot size
2.51 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
37160
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2011
Floors in Building
1
Number of units
18
Flooring type
Tile
Building materials
Concrete, Stone, Stucco
Roof type
Shingle, Metal
Listing Agency:
COLDWELL BANKER VANGUARD REALTY · Coldwell Banker Real Estate
(904) 269-7117
Listed By:
Bobbie Jean Demunck · License #BK3283740
(904) 704-1208
Added: Jul 16
Changed: Sep 2
Last Checked: Sep 5 at 5:06AM
MLS# 2159058
Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The offering includes a 19,796-square-foot commercial building together with its 2.51-acre site. Built in 2011, the property is fully occupied and configured for retail or office use. Concrete, stone, and stucco comprise the exterior materials, while tile flooring, central air conditioning, and electric central heating support the interior. A metal and shingle roof system completes the improvements.
The property is located at 100 Center Creek Road in St. Augustine, near Lewis Speedway and the SR 16 commercial corridor. Access to US 1, Historic Downtown St. Augustine, nearby residential areas, schools, and local businesses is identified in the property information. The site includes a large parking lot, with public water and public sewer serving the property.
The building and land are being offered together, with current occupancy and established tenants in place. Lease, rent roll, financial, and operating information is available to qualified buyers under a confidentiality agreement.
The property is located at 100 Center Creek Road in St. Augustine, near Lewis Speedway and the SR 16 commercial corridor. Access to US 1, Historic Downtown St. Augustine, nearby residential areas, schools, and local businesses is identified in the property information. The site includes a large parking lot, with public water and public sewer serving the property.
The building and land are being offered together, with current occupancy and established tenants in place. Lease, rent roll, financial, and operating information is available to qualified buyers under a confidentiality agreement.
Key Highlights
- 19,796‑square‑foot commercial building on 2.51 acres
- 100% occupied with established tenants in place
- Built in 2011 with concrete, stone, and stucco construction
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$223,738
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,474,760
$4.5M
Cap Rate 7%
$3,196,257
$3.2M
Cap Rate 9%
$2,485,978
$2.5M
Market Conditions
NOI Build-Up for 19,796 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$356.3K $18.00/SF
− Vacancy
−$36.7K −$1.85/SF
EGI
$319.6K $16.15/SF
− OpEx
−$95.9K −$4.84/SF
NOI
$223.7K $11.30/SF
Area
St. Johns County, FL
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,474,760
Cap Rate 7%
$3,196,257
Cap Rate 9%
$2,485,978
Alternative Uses
Best Use
Retail
$3.20M
$2.80M – $3.73M
NOI $223,738 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.28M
$4.62M – $6.16M
NOI $369,631 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
124
Businesses Nearby
303
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Jimmy's Pizza
Dining
303 visits/mo
0.0 miles
Demographics for 32084, FL
34,526
Population
17,839
Households
1.9
Avg Household Size
45
Median Age
32%
College-Educated
91%
High-School Grad
45.1 sq mi
ZIP Area
766
Density / Sq Mi
$72,965
Median Household Income
$38,611
Median Earnings
$1,534
Median Rent
$295,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Strip mall - Established retail property with on-site parking, public water, and public sewer serving the entire commercial site.
Where is this strip mall located?
The property is located at 100 CENTER CREEK Road St Augustine, FL.
What is the asking price?
The asking price for this property is $3,890,000.
What are key features of this property?
This property features: 19,796‑square‑foot commercial building on 2.51 acres; 100% occupied with established tenants in place; Built in 2011 with concrete, stone, and stucco construction
