Office Condo with Five Private
414 PASEO REYES Drive St Augustine, FL 32095
414 PASEO REYES Drive, St Augustine, FL, 32095
$489,499
For Sale
$489,499
SINGLE_FAMILY - St. Augustine, FL
Property Size1,139 SF
Price / SF$429.76
Days on Market37
Property Features for 414 PASEO REYES Drive
General Information
- Property type
- Residential
- Property subtype
- Office
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Parking features
- Parking Lot, Assigned
- Standard status
- Active
- APN
- 0724241303
- Size
- 1,139 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5571
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2024
- Floors in Building
- 1
- Number of units
- 1
- Roof type
- Barrel
Listing agency
ENDLESS SUMMER REALTY
(904) 461-8878
Listed by
KURT BOGART
(904) 947-0040
Added: Jun 16 Updated: Jul 7 at 1:43PM Checked: Jul 22 at 7:06AM
MLS# 2150913
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 move-in ready office condo at 414 Paseo Reyes Drive is configured for professional use, with five private offices, a welcoming reception area, a private restroom, and a functional kitchenette. The layout supports both client-facing meetings and day-to-day administrative work, with dedicated rooms for private consultations and team operations.
The property is located in the Palencia Commons professional district in northern St. Augustine, with nearby residential communities and established commercial activity. Access is described as convenient to U.S. 1 and International Golf Parkway, which can be important for client visits and routine business travel.
For a buyer or tenant seeking an office suite that is ready to operate immediately, the existing configuration offers multiple enclosed workspaces plus a reception area for greeting visitors. The private restroom and kitchenette add day-to-day convenience without requiring shared common-area access. Whether you are expanding an existing practice, opening a satellite office, or looking for an owner-occupied setup, this condo provides a straightforward, efficient footprint centered on private offices and client-ready reception space.
The property is located in the Palencia Commons professional district in northern St. Augustine, with nearby residential communities and established commercial activity. Access is described as convenient to U.S. 1 and International Golf Parkway, which can be important for client visits and routine business travel.
For a buyer or tenant seeking an office suite that is ready to operate immediately, the existing configuration offers multiple enclosed workspaces plus a reception area for greeting visitors. The private restroom and kitchenette add day-to-day convenience without requiring shared common-area access. Whether you are expanding an existing practice, opening a satellite office, or looking for an owner-occupied setup, this condo provides a straightforward, efficient footprint centered on private offices and client-ready reception space.
Key Highlights
- Office condo in the Palencia Commons professional district at 414 Paseo Reyes Drive
- Move‑in ready layout with 5 private offices plus a welcoming reception area
- Includes a private restroom and a functional kitchenette
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 | $27.3k | $24.00 |
| − Vacancy | −$6.1k | −$5.33 |
| EGI | $21.3k | $18.67 |
| − OpEx | −$5.3k | −$4.67 |
| NOI | $16.0k | $14.00 |
1,139 SF · lease $24.00/SF/yr · vacancy 22.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$227.9K
$199.4K – $265.9K
NOI $15,951 @ 7.0% cap · market cap 3.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$303.8K
$265.8K – $354.5K
NOI $21,267 @ 7.0% cap · market cap 4.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Move-in ready office condo with five private offices, reception, restroom, and kitchenette with convenient road access.
Where is this office units located?
The property is located at 414 PASEO REYES Drive St Augustine, FL.
What is the asking price?
The asking price for this property is $489,499.
What are key features of this property?
This property features: Office condo in the Palencia Commons professional district at 414 Paseo Reyes Drive; Move‑in ready layout with 5 private offices plus a welcoming reception area; Includes a private restroom and a functional kitchenette
