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    56 San Marco Ave, Unit UNIT A B & C St Augustine, FL 32084

    View on Map
    Sponsored
    For Sale
    $3,800,000

    Retail - St Augustine, FL

    Type:Retail
    Property size:
    8,000 SF
    Lot size:
    0.28 Acres
    Days on Market:
    40
    Last Refresh:
    Mar 30 at 3:06 am

    Property Features for 56 San Marco Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
    Bathrooms
    5
    APN
    192970-0000
    Parking
    8
    Interior features
    Display Window, Furniture, Handicapped Access, Handicapped Restroom, Living Space
    Exterior features
    Street Parking
    Accessibility
    Accessible Approach with Ramp
    Size
    8,000 SF
    Lot size
    0.28 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1947
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Brick
    Roof type
    Flat
    Architectural style
    Other

    We can help!

    Listing Contact
    Natalia Schmidt

    Sunshine Realty & Appraisal Services, LLC

    Listing agent Natalia Schmidt

    Listing date Feb 18, 2026

    MLS# 260667 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

    Historic Retail Building in St. Augustine

    Located along A1A, the property is situated four blocks north of the Spanish Fort, Castillo de San Marcos, and other major tourist attractions in St. Augustine. The 8,000 square foot building, constructed of red brick three layers thick, houses three commercial retail spaces, a working woodshop, and a manager's or owner's apartment/showroom. Owned by one owner since 1980, the building has been remodeled several times over the last 40 years to comply with changing building codes. Architectural details have been designed and constructed. The property offers potential business opportunities and significant foot traffic during the day and night. The property is located on a 0.28-acre lot. The area hosts "First Friday Art Walk," a monthly celebration of art throughout St. Augustine's galleries, held on the first Friday of each month from 5:00 p.m. to 9:00 p.m. Sub-market retail rents range from $35-45/SF NNN. The roof was replaced on 10/07/2019. Each tenant is responsible for their A/C units.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Coastal Traders Indonesian ... Furniture & Home Goods Precision Painting & Design, ... Interior Design

    Suggested Use

    Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Restaurant Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    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
    -81.316109
    Latitude
    29.901575

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    FAQs

    What type of property is this?
    Retail property - Retail building near tourist attractions with business opportunity potential.
    Where is this retail property located?
    The property is located at 56 San Marco Ave, Unit UNIT A B & C St Augustine, FL.
    What is the asking price?
    The asking price for this property is $3,800,000.
    What are key features of this property?
    This property features: - Prime location on A1A, near major St. Augustine tourist attractions like Castillo de San Marcos.; - High foot traffic area, especially during the monthly 'First Friday Art Walk'.; - 8,000 sq ft brick building with **3 commercial retail spaces**, a woodshop, and an apartment/showroom.
    (904) 687-8706
    Request Owner's contact information
    56 San Marco Ave, Unit UNIT A B & C St Augustine, FL 32084
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    St Augustine, FL 32084
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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
    56 San Marco Ave, Unit UNIT A B & C St Augustine, FL 32084
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    Natalia Schmidt
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