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

    400 Plantation Island Dr St Augustine, FL 32080

    Sponsored
    For Sale
    $1,000,000

    Unimproved Commercial - St Augustine, FL

    Lot size:
    1.00 Acre
    Days on Market:
    385
    Last Refresh:
    Jan 27 at 3:06 am

    Property Features for 400 Plantation Island Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    CM-2
    APN
    161942-0040
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Expense value
    300
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Quarterly

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Diane Leonardi
    Diane Leonardi

    Leonardi Seaside Realty (904) 540-0314

    Listing agent Diane Leonardi (904) 540-0314

    Listing date Jan 8, 2025

    MLS# 236283 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

    Commercial Acre on High Traffic Corridor

    This one-acre commercial land parcel is located on State Road 312 in St. Augustine, Florida, within a high-traffic corridor. The property is zoned CM-2. It is suitable for medical or office development. An additional acre is available for purchase at 500 Plantation Island Drive South.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    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
    -81.291805
    Latitude
    29.8619

    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
    • $799,000

      New St. Augustine Duplex

      New duplex near I-95 and Crescent Beach.
      971 Irma Way, St Augustine, FL 32086
      View Details
    • $850,000

      New St. Augustine Duplex

      Brand new duplex near Crescent Beach and downtown St. Augustine.
      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
    • New
      $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
    • $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
    • $1,599,000
      4,514 SF

      Luxurious St. Augustine Duplex Investment

      Turnkey duplex near downtown St. Augustine, ideal for short-term rentals.
      307 Arricola Ave Unit A, St Augustine, FL 32080
      View Details

    FAQs

    What type of property is this?
    Commercial land - One acre commercial land parcel on State Road 312.
    Where is this commercial land located?
    The property is located at 400 Plantation Island Dr St Augustine, FL.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: - High-traffic commercial property on the Island; - Located directly on State Road 312; - Suitable for medical or office development
    (904) 540-0314
    Request Owner's contact information
    400 Plantation Island Dr St Augustine, FL 32080
    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.
    400 Plantation Island Dr
    St Augustine, FL 32080
    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
    400 Plantation Island Dr St Augustine, FL 32080
    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
    Diane Leonardi
    Diane Leonardi
    (904) 540-0314
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.