Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    29-27A Florida Ave St Augustine, FL 32084

    Sponsored
    For Sale
    $395,000

    Lots - St Augustine, FL

    Lot size:
    0.57 Acres
    Days on Market:
    28
    Last Refresh:
    Feb 4 at 1:06 am

    Property Features for 29-27A Florida Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RG-1
    APN
    107910-0000
    Lot size
    0.57 Acres

    Utilities

    Water front features
    River, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Frank Perez-Andreu
    Frank Perez-Andreu

    Atlantic Partners Realty St Augustine LLC (904) 797-7442

    Listing agent Frank Perez-Andreu (904) 797-7442

    Listing date Jan 8, 2026

    MLS# 256224 Listing URL

    Copyright © 2026 St. Augustine & St. John's County Board of Realtors. 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 Development Opportunity

    This is a development opportunity in historic St. Augustine. The offering includes two adjacent RG-1-zoned lots totaling approximately 0.57 acres. The lots are fully cleared and build-ready, with city water and sewer available. Permitted architectural plans are available for an elevated 1,900-square-foot primary residence, a 600-square-foot detached ADU, and a 600-square-foot garage. The site is positioned to capture views of the San Sebastián River, the Cathedral Dome, and the Great Cross. The location is within walking or biking distance to Flagler College, historic downtown, restaurants, breweries, and marinas. Zoned RG-1 Medium Density Residential, the property offers building options and income-producing potential, making it ideal for builders, investors, or buyers seeking to create a coastal retreat.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Restaurant Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    St Augustine
    County
    St. Johns
    State
    Florida
    Longitude
    -81.327729
    Latitude
    29.896856

    Nearby Similar for Sale

    • $1,149,000
      2,891 SF

      St. Augustine Multifamily Investment Property

      Income-producing property near downtown St. Augustine with short-term rental potential.
      16 Rohde Ave, St Augustine, FL 32084
      View Details
    • New
      $759,900
      3,000 SF

      New St. Augustine Duplex

      New duplex near I-95 and Crescent Beach.
      971 Irma Way, St Augustine, FL 32086
      View Details
    • New
      $759,900
      3,000 SF

      New St. Augustine Duplex

      New duplex near I-95 and Crescent Beach.
      971 Irma Way, St Augustine, FL 32086
      View Details
    • $557,900

      Waterfront Historic Gem With In-law

      Restored 1930s waterfront duplex with in-law suite and pool.
      26 Rio Vista Dr, St Augustine, FL 32084
      View Details
    • $5,195,000

      Luxury Triplex Boutique Hotel Opportunity

      Upscale St. Augustine triplex, ideal for multifamily vacations and events.
      16/18/20 Inlet Pl, St Augustine, FL 32080
      View Details
    • $5,195,000
      10,112 SF

      Luxury Boutique Hotel Opportunity

      Three newly built luxury homes in St. Augustine, Florida.
      16/18/20 Inlet Pl, St Augustine, FL 32080
      View Details
    • $5,195,000

      St. Augustine Boutique Hotel Opportunity

      Three luxury homes, ideal for multifamily vacations and group events.
      16/18/20 Inlet Pl, St Augustine, FL 32080
      View Details
    • $5,195,000

      St. Augustine Luxury Boutique Hotel

      Three newly built luxury homes, perfect for multifamily vacations.
      16/18/20 Inlet Pl, St Augustine, FL 32080
      View Details
    • $1,265,000

      St Augustine Beach Duplex

      St Augustine Beach property with multifamily zoning and commercial uses.
      120 Anastasia Lodge Dr, St Augustine, FL 32080
      View Details
    • $1,265,000

      St Augustine Beach Duplex

      Multifamily property near St Augustine Beach with commercial potential.
      120 Anastasia Lodge Dr, St Augustine, FL 32080
      View Details
    • New
      $1,225,000

      Historic St. Augustine Duplex Portfolio

      Two restored historic homes in St. Augustine's Abbott Tract.
      16 Locust St, St Augustine, FL 32084
      View Details
    • New
      $1,500,000
      6,627 SF

      St. Augustine Multi-Family Investment

      Multi-family investment property with park-owned rentals and pad rentals.
      1211 Cypress Rd, St Augustine, FL 32086
      View Details

    FAQs

    What type of property is this?
    Land - Cleared lots with permitted plans near historic downtown St. Augustine.
    Where is this land located?
    The property is located at 29-27A Florida Ave St Augustine, FL.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: - Prime development opportunity in historic St. Augustine on two adjacent RG-1 zoned lots totaling approximately 0.57 acres.; - Permitted architectural plans included for a 1,900 sq ft primary residence, 600 sq ft ADU, and 600 sq ft garage, saving time and costs.; - Stunning views of the San Sebastián River, the Cathedral Dome, and the Great Cross.
    (904) 501-9896
    Request Owner's contact information
    29-27A Florida Ave St Augustine, FL 32084
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    29-27A Florida Ave
    St Augustine, FL 32084
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    29-27A Florida Ave St Augustine, FL 32084
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Frank Perez-Andreu
    Frank Perez-Andreu
    Real Estate License ID: 3299624
    (904) 501-9896
    Learn more
    Google sign-in failed. Please try again or use another login method.