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    170 Cumberland Park Dr St Augustine, FL 32095

    View on Map
    Sponsored
    For Sale
    $1,900,000

    COMMERCIAL - St. Augustine, FL

    Property size:
    5,280 SF
    Lot size:
    2.20 Acres
    Days on Market:
    46
    Last Refresh:
    Mar 9 at 7:06 pm

    Property Features for 170 Cumberland Park Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 3, Bathroom 1, Bathroom 4, Bathroom 2
    Bathrooms
    4
    APN
    0260530070
    Parking features
    Garage, Carport
    Fencing
    Chain Link
    Accessibility
    Accessible Approach with Ramp
    Size
    5,280 SF
    Lot size
    2.20 Acres

    Building Details

    Year built
    1997
    Floors in Building
    1
    Number of units
    2
    Roof type
    Metal

    We can help!

    Listing Contact
    KIRK KILLEBREW

    Killebrew & Company Realty, Inc. (904) 247-2240

    Listing agent KIRK KILLEBREW (904) 463-1131

    Listing date Jan 22, 2026

    MLS# 2112498

    Copyright © 2026 Northeast Florida Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    St. Augustine Commercial Opportunity

    This commercial property, situated in a rapidly growing market, presents a long-term opportunity. Located on Lot 7 of Cumberland Industrial Park, the property encompasses 95,654 square feet, or 2.195 acres, of developable land. It features a 5,280 square foot Butler-style warehouse, including 1,680 square feet of office space and three half bathrooms. The property also provides 14 parking spaces, a 16-foot eave height, and an asphalt-paved drive and yard. Permitted uses within the Cumberland Industrial Park PUD include wholesale, storage, light manufacturing, printing, bulk storage, outdoor storage, vocational or trade schools, clinics in connection with industrial activity, miscellaneous industrial, and radio/television facilities, as well as essential public services. Additional uses by exception are allowed and include self-storage, retail sales of vehicles, motor homes, boats, heavy machinery, building supplies, and service establishments catering to commerce and industry. All development within Cumberland Industrial Park PUD requires approval. The current tenant has over four years remaining on their lease at below-market rent.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Hotel & Motel Pharmacy Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    210 Moving & Storage, Auto Toy Vault, Beach Walk Storage, RecNation RV & Boat Storage, SmartStop Self Storage

    Location Insight

    • Map
    • Local Demand
    City
    St Augustine
    County
    St. Johns
    State
    Florida
    Longitude
    -81.485424
    Latitude
    30.071495

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    FAQs

    What type of property is this?
    Warehouse - Commercial space in a rapidly growing market with long-term potential.
    Where is this warehouse located?
    The property is located at 170 Cumberland Park Dr St Augustine, FL.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - Large developable land: **2.195 acres (95,654 sq ft) in a rapidly growing market.**; - Existing 5,280 sq ft building with 1,680 sq ft of office space.; - Permitted uses include wholesale, storage, light manufacturing, and more.
    (904) 463-1131
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    170 Cumberland Park Dr St Augustine, FL 32095
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    St Augustine, FL 32095
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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
    170 Cumberland Park Dr St Augustine, FL 32095
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    We can help!
    Listing Contact
    KIRK KILLEBREW
    (904) 463-1131 (904) 247-2240
    Learn more
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