Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown St. Augustine Office Space Title is generated by Realmo AI

    5 PALM, St Augustine, FL 32084

    View on Map
    Claim this Listing
    For Lease
    $8,398/Mo $34 SF/Yr (calc)

    COMMERCIAL - St. Augustine, FL

    Type:Office
    Property size:
    2,964 SF
    Lot size:
    0.20 Acres
    Added:
    Apr 21, 2026
    Days on Market:
    47
    Last Refresh:
    Jun 6 at 2:06 am

    Property Features for 5 PALM

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Parking features
    Assigned, Parking Lot
    Standard status
    Active
    APN
    1993900000
    Size
    2,964 SF
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    13777

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1910
    Floors in Building
    2
    Flooring type
    Wood
    Building materials
    Wood Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    BEAU PINEDA

    Listing agent BEAU PINEDA

    Listing office ALSOP PROPERTIES INC 77 ALMERIA ST, St. Augustine, FL

    Listing date Apr 21, 2026

    MLS# 2141193

    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.

    HighLights

    • Private on‑site parking lot in downtown St. Augustine
    • Prime location in the heart of historic St. Augustine, walkable to restaurants, retail, and attractions
    • 2,964 square foot, fully conditioned two‑story office building
    • Existing configuration of 11 units suitable for multiple offices, meeting areas, or collaborative workspaces
    • Located on historic Palm Row, offering a quieter environment
    • Strong local population and consistent tourism support year‑round commercial activity

    Overview

    Located in the heart of historic St. Augustine, this property offers an opportunity to lease professional office space within the city's downtown district. The property features a 2,964 square foot, fully conditioned two-story office building situated on historic Palm Row, providing a controlled and quiet environment while still being within immediate proximity to restaurants, retail, and attractions. The building features a practical two-level office layout with an existing configuration of 11 units and is suitable for a variety of professional and administrative uses. The interior can accommodate multiple offices, meeting areas, or collaborative workspaces. Businesses located here benefit from being positioned within one of Florida's most established historic markets, where consistent tourism and a strong local population support nearby commercial activity year-round. A private on-site parking lot serves the property, providing dedicated parking for tenants and visitors. The property is situated on a lot of 0.2 acres. The combination of private parking, a quieter street setting, and walkable access to the historic downtown core makes the property well suited for professional offices, consulting firms, creative studios, or other service-based businesses seeking a recognizable and convenient location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Restaurant Building Supply Gym & Fitness Center Hotel & Motel Garden Center Travel Agency Bed & Breakfast

    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
    -81.312859
    Latitude
    29.890737

    Nearby Similar for Lease

    • $2,100/Mo
      19,796 SF

      Prime Commercial Space in St. Augustine

      Highly visible commercial space ideal for retail or service businesses.
      100 CENTER CREEK Road, St. Augustine, FL 32084
      View Details
    • $11,644/Mo
      6,557 SF

      St. Augustine Retail/Office Space

      Prime location near major retailers, ideal for various commercial uses.
      2477 US HIGHWAY 1, St. Augustine, FL 32086
      View Details
    • $4,895/Mo
      1,934 SF

      Medical Facility Near Flagler Hospital

      Move-in-ready medical suite near Flagler Hospital, St. Augustine.
      252 SOUTHPARK CIRCLE, St Augustine, FL 32086-0000
      View Details
    • $2,500/Mo
      12,000 SF

      Retail Storefront with Rear Garage Door

      Brand-new retail space on US1 South with storefront frontage and rear garage access for flexible service, office, and retail uses.
      5900 US HIGHWAY 1 S, St. Augustine, FL 32086
      View Details
    • $2,500/Mo
      1,500 SF

      Retail Space For Lease

      1,500 SF retail space available in St. Augustine, FL.
      9155 County Road 13 N, St Augustine, FL 32092
      View Details
    • $4,895/Mo
      1,934 SF

      St. Augustine Medical Office Suite

      Move-in ready medical suite near Flagler Hospital.
      252 Southpark Circle, St Augustine, FL 32086
      View Details
    • $2,750/Mo
      1,250 SF

      Office and Warehouse Flex Space

      Combined office and warehouse space available for rent in St. Augustine.
      235 State Road 207, St Augustine, FL 32084
      View Details
    • $2,295/Mo
      1,102 SF

      St. Augustine Professional Office Condo

      Professional office condo for lease in World Golf Village.
      135 LAND GRANT Street, St. Augustine, FL 32092
      View Details
    • $22 SF/Yr
      6,308 SF

      St. Augustine Medical/Office Space

      2600 SF medical/office space for lease near Flagler Hospital.
      165 SOUTHPARK BOULEVARD, ST AUGUSTINE, FL 32086
      View Details
    • $28 SF/Yr
      2,535 SF

      Anastasia Island Retail/Office/Restaurant Space

      2,535 SF space on A1A, suitable for retail/office/restaurant.
      4320 A1a S, St Augustine, FL
      View Details
    • $36 SF/Yr
      1,600 SF

      Retail Space on US Highway

      Retail space with high visibility on US Highway 1.
      2600 US HIGHWAY 1 1, St. Augustine, FL 32086
      View Details
    • $2,500/Mo
      12,000 SF

      Retail Space on US Highway

      Retail space with high visibility on US Highway 1.
      5900 US HIGHWAY 1 S, St. Augustine, FL 32086
      View Details

    FAQs

    What type of property is this?
    Office building - Professional office space in the heart of historic St. Augustine.
    Where is this office building located?
    The property is located at 5 PALM St Augustine, FL.
    What is the lease rate?
    The lease rate is $8,398 /Mo.
    What are key features of this property?
    This property features: Private on‑site parking lot in downtown St. Augustine; **Prime location in the heart of historic St. Augustine**, walkable to restaurants, retail, and attractions; 2,964 square foot, fully conditioned two‑story office building
    (904) 824-0302
    We can help!
    Listing Contact
    BEAU PINEDA
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    5 PALM, St. Augustine, FL 32084
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!