Retail Space Near
For Sale
$1,598,000
Pending
25 ALSOP Court, St Augustine, FL 32095
SINGLE_FAMILY - St. Augustine, FL
Property Size4,690 SF
Lot Size3.19 Acres
Days on Market587
Property Features for 25 ALSOP Court
General Information
Property type
Residential
Property subtype
Retail
Zoning description
Commercial
Accessibility
Accessible Approach with Ramp
Lot features
Airport Community, Split Possible
Directions
Located just N of the Northeast Florida Regional Airport (St. Augustine Airport) on Highway US 1.
Subdivision
313-Whitecastle/Airport Area
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 · License #3602616
(904) 824-0302
Added: Jan 23, 2025
Changed: Apr 15
Last Checked: Sep 2 at 1:06AM
MLS# 2066966
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.
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
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
$53,007
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
3.32%
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%
$1,060,140
$1.1M
Cap Rate 7%
$757,243
$757.2K
Cap Rate 9%
$588,967
$589.0K
Market Conditions
NOI Build-Up for 4,690 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
$84.4K $18.00/SF
− Vacancy
−$8.7K −$1.85/SF
EGI
$75.7K $16.15/SF
− OpEx
−$22.7K −$4.84/SF
NOI
$53.0K $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%
$1,060,140
Cap Rate 7%
$757,243
Cap Rate 9%
$588,967
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
Current Use
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
Explore this area
Business Placement
Demographics for 32095, FL
16,607
Population
6,997
Households
2.4
Avg Household Size
42
Median Age
53%
College-Educated
96%
High-School Grad
57.4 sq mi
ZIP Area
289
Density / Sq Mi
$124,556
Median Household Income
$51,986
Median Earnings
$1,576
Median Rent
$485,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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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.
