Your AI Navigator in Commercial Real Estate
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

    44 Spanish St St Augustine, FL 32084

    Sponsored
    For Sale
    Pending
    $2,150,000

    COMMERCIAL - St. Augustine, FL

    Property size:
    3,560 SF
    Lot size:
    0.09 Acres
    Days on Market:
    65
    Last Refresh:
    Jan 18 at 4:06 pm

    Property Features for 44 Spanish St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    APN
    1981800000
    Parking features
    Off Street
    Accessibility
    Accessible Approach with Ramp
    Size
    3,560 SF
    Lot size
    0.09 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1900
    Building materials
    Frame, Wood Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    JOE HATIN
    JOE HATIN

    Berkshire Hathaway HomeServices Florida Network Realty (904) 296-6400 [email protected]

    Listing agent JOE HATIN (904) 296-6400

    Listing date Nov 15, 2025

    Copyright © 2025 Northeast Florida Multiple Listing Service, Inc. 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

    Historic St. Augustine Bed & Breakfast

    Located steps from St. George Street and Flagler College in the Historic District of St. Augustine, Florida, this property features an 8-room bed and breakfast with the potential to expand to 10 rooms. The property offers a blend of architecture and modern comforts, with air-conditioned rooms equipped with flat-screen TVs and Wi-Fi. Guests can enjoy a complimentary full breakfast, a tranquil garden courtyard, and a shaded terrace. The property's location and commercial use potential allows for transformation into a boutique inn with a cafe, a restaurant, or retail offerings. The property size is 3560 square feet on a lot of 0.09 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    44 Spanish Street ... Hotel

    Suggested Use

    Law Firm Realty agency Spa & Massage Dental Office Hair Salon Restaurant Nail Salon Building Supply Gym & Fitness Daycare Center

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

    Similar Places Nearby

    Liberty Manor House, Inns of Elegance, The Pink Hen House, Three Stories Inn, Beachcomber Cottages on Vilano

    Location Insight

    • Map
    • Local Demand
    City
    St Augustine
    County
    St. Johns
    State
    Florida
    Longitude
    -81.313974
    Latitude
    29.895486

    Nearby Similar for Sale

    • New
      $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
    • $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
    • $1,500,000
      6,627 SF

      St Augustine Multifamily Investment Opportunity

      Multifamily property with park-owned rentals and pad rentals on 7.16 acres.
      1211 Cypress Rd, St Augustine, FL 32086
      View Details

    FAQs

    What type of property is this?
    Bed & breakfast - Charming 8-room bed & breakfast near St. George Street.
    Where is this bed & breakfast located?
    The property is located at 44 Spanish St St Augustine, FL.
    What is the asking price?
    The asking price for this property is $2,150,000.
    What are key features of this property?
    This property features: - Prime location in the Historic District, steps from St. George Street and Flagler College.; - Established 8-room bed & breakfast with potential to expand to 10 rooms.; - Multiple commercial use potential for increased revenue streams (boutique inn, cafe, restaurant, retail).
    (904) 669-5099
    Request Owner's contact information
    44 Spanish St 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.
    44 Spanish St
    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
    44 Spanish St 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
    JOE HATIN
    JOE HATIN
    (904) 669-5099
    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.