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    428 Shores Blvd St Augustine, FL 32086

    Sponsored
    For Sale
    $479,000

    Special Purpose - St Augustine, FL

    Property size:
    3,600 SF
    Lot size:
    1.95 Acres
    Days on Market:
    28
    Last Refresh:
    Feb 25 at 5:06 pm

    Property Features for 428 Shores Blvd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2
    Bathrooms
    2
    APN
    284000-0003
    Exterior features
    Lighting, Onsite Parking, Paved Parking, Sidewalks
    Size
    3,600 SF
    Lot size
    1.95 Acres

    Utilities

    Heating system
    Electric (Heating)

    Building Details

    Year built
    1980
    Floors in Building
    2
    Flooring type
    Concrete
    Building materials
    Concrete
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Dirk Schroeder
    Dirk Schroeder

    Century 21, St. Augustine Properties, Inc. (904) 540-2360

    Listing agent Dirk Schroeder (904) 540-2360

    Listing date Jan 29, 2026

    MLS# 256868 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 Special Purpose Opportunity

    This special purpose property in St. Augustine, Florida, features a 3,600 square foot concrete building situated on nearly 2 acres. The property, formerly a fire station, is designated as a "community facility property" with restricted use. The building is positioned on a 0.67-acre central parcel, accompanied by an additional 1.27 acres of wooded area on either side, offering potential for expansion. A functional water well is located on site, and county utilities are also available. Permitted uses for the property include churches, meeting halls for community, fraternal, or charitable organizations, art galleries or cultural centers, museums, adult learning centers, and even a post office, among others, excluding residential or business use. The building includes three large 12-foot tall overhead doors. The downstairs area comprises an office, kitchen and dining hall, two bathrooms with showers, and a laundry room. Upstairs, there is a half bath, a storage room, and two large, open rooms, along with an outside emergency exit staircase. The metal roof is approximately 5 years old. Water and sewer services are available, and the on-site well is fully functional. Any allowed use is subject to the HOA's Architectural Control Committee, while the uses themselves are governed by St. Johns County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Suggested Use

    Real Estate Agency Dental Office Building Supply Gym & Fitness Center Big Box & Wholesale Store Kitchen & Bath Showroom Department Store Computer & Electronic Repair Electrical Service Bakery

    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
    -81.303595
    Latitude
    29.8175

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    FAQs

    What type of property is this?
    Church & religious facility - Former fire station on nearly 2 acres, potential community facility.
    Where is this church & religious facility located?
    The property is located at 428 Shores Blvd St Augustine, FL.
    What is the asking price?
    The asking price for this property is $479,000.
    What are key features of this property?
    This property features: - 3600 SF concrete building on nearly 2 acres with potential for expansion.; - Versatile 'Community Facility Property' zoning allows for churches, meeting halls, art galleries, museums, and more.; - Features three large 12' tall overhead doors, ideal for various community uses.
    (904) 540-2360
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    428 Shores Blvd St Augustine, FL 32086
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    St Augustine, FL 32086
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    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
    428 Shores Blvd St Augustine, FL 32086
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    We can help!
    Listing Contact
    Dirk Schroeder
    Dirk Schroeder
    (904) 540-2360 (904) 797-6000
    Learn more
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