344 PASEO REYES Drive St Augustine, FL 32095
COMMERCIAL - St. Augustine, FL
Property Features for 344 PASEO REYES Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Parking features
- Assigned, Parking Lot
- Standard status
- Pending
- APN
- 0724240703
- Size
- 1,125 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5080
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 2008
- Floors in Building
- 1
- Flooring type
- Carpet, Tile
- Roof type
- Tile
Listing agent MICHELLE MURRAY (786) 338-0738
Listing office EXP REALTY LLC 10752 DEERWOOD PARK BLVD SUITE 100, Jacksonville, FL (888) 883-8509
Listing date Nov 18, 2025
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Investment Insights
Based on property information with market context.
The building is presented with Spanish-style architecture, and the unit benefits from the corner positioning. Public remarks also note excellent visibility, easy access, and steady traffic within the Palencia community.
For a buyer seeking a compact office configuration with dedicated private rooms and a reception space, this suite offers a straightforward internal setup in a community commercial setting.
Key Highlights
- Corner commercial office unit in Palencia Commons, St. Augustine
- Includes lobby/reception area plus five individual private offices
- Well‑maintained Spanish‑style architecture at the building
Local Financial Insights For Office B
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 | $27.0k | $24.00 |
| − Vacancy | −$6.0k | −$5.33 |
| EGI | $21.0k | $18.67 |
| − OpEx | −$5.3k | −$4.67 |
| NOI | $15.8k | $14.00 |
