Retail Space Near
25 ALSOP Court St Augustine, FL 32095
For Sale
$1,598,000
Pending
SINGLE_FAMILY - St. Augustine, FL
Property Size4,690 SF
Lot Size3.19 Acres
Days on Market552
Property Features for 25 ALSOP Court
General Information
Property type
Residential
Property subtype
Retail
Accessibility
Accessible Approach with Ramp
Standard status
Pending
APN
0818950010
Size
4,690 SF
Lot size
3.19 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2541
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Floors in Building
1
Number of units
1
Listing Agency:
ALSOP PROPERTIES INC
(904) 824-0302
Listed By:
BEAU PINEDA
(904) 824-0302
Added: Jan 23, 2025
Changed: Apr 15
Last Checked: Jul 29 at 4:06PM
MLS# 2066966
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Investment Insights
Based on property information with market context.
This property offers retail space with ample parking, situated adjacent to Northeast Florida Regional Airport within a newly constructed business park. The property is zoned for Commercial Intensive (CI) use and benefits from a location north of St. Augustine on US-1, providing excellent visibility with 220' of US-1 frontage. This listing pertains to Building 1. Remaining flex buildings are pending construction and intended for office to light industrial enterprises. Flex/Warehouse buildings, each 10,000 square feet, are available separately. The lot size is 3.19 acres and the property size is 4,690 square feet.
Key Highlights
- Prime retail space with excellent visibility and 220' of US‑1 frontage.
- Ample parking available.
- Located adjacent to Northeast Florida Regional Airport.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $84.4k | $18.00 |
| − Vacancy | −$8.7k | −$1.85 |
| EGI | $75.7k | $16.15 |
| − OpEx | −$22.7k | −$4.84 |
| NOI | $53.0k | $11.30 |
4,690 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$757.2K
$662.6K – $883.5K
NOI $53,007 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,572 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail property - Prime retail space with ample parking and excellent visibility.
Where is this retail property located?
The property is located at 25 ALSOP Court St Augustine, FL.
What is the asking price?
The asking price for this property is $1,598,000.
What are key features of this property?
This property features: Prime retail space with excellent visibility and 220' of US‑1 frontage.; Ample parking available.; Located adjacent to Northeast Florida Regional Airport.
