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    5900 Us Highway 1 S St Augustine, FL 32086

    View on Map
    Sponsored
    For Lease
    $2,500 /Mo ($2 SF/Yr)

    COMMERCIAL - St. Augustine, FL

    Property size:
    12,000 SF
    Lot size:
    2.25 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 27 at 10:06 pm

    Property Features for 5900 Us Highway 1 S

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 8, Bathroom 6, Bathroom 7, Bathroom 5, Bathroom 10, Bathroom 3, Bathroom 4, Bathroom 2, Bathroom 9
    Bathrooms
    10
    APN
    1832600000
    Parking features
    Parking Lot
    Size
    12,000 SF
    Lot size
    2.25 Acres

    Utilities

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

    Building Details

    Year built
    2026
    Floors in Building
    1
    Number of units
    10
    Flooring type
    Concrete
    Roof type
    Metal

    We can help!

    Listing Contact
    WILLIAM RUSSELL

    Beach Rental Network, Inc/ Endless Summer Realty

    Listing agent WILLIAM RUSSELL

    Listing date Mar 27, 2026

    MLS# 2137073

    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.

    Learn more

    Property Insight Report

    Overview

    New Commercial Space on US1

    Commercial space is available for lease in Saint Augustine on US1 South. The new construction is estimated to be completed in Q3 2026. Multiple units are available, ranging from 1200 to 6000 square feet. Each unit, of which there are 10, is 1200 square feet and includes a glass storefront, rear garage door, one bathroom, AC unit, and 200-amp service. The units offer functionality and operational flexibility, with room to support a wide range of business uses such as office, professional, retail, medical, massage, salon, and service companies. The unit will be delivered to tenants as a vanilla shell, and tenants can leave the unit as-is or build to suit. There are also six 1400 square foot and five 1440 square foot units available. The property is situated on a 2.25-acre lot with 25,000 to 35,000 cars passing per day. CAM includes public water and trash.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Gym & Fitness Center Pharmacy Department Store

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

    Similar Places Nearby

    St. Augustine Florist, Flowers By Shirley, Tula Rose Floral & Event Design, St Augustine Florist

    Location Insight

    • Map
    • Local Demand
    City
    St Augustine
    County
    St. Johns
    State
    Florida
    Longitude
    -81.316142
    Latitude
    29.779738

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    FAQs

    What type of property is this?
    Storefront property - New construction commercial space for lease in St. Augustine, FL.
    Where is this storefront property located?
    The property is located at 5900 Us Highway 1 S St Augustine, FL.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic location on US1 South with 25-35K cars passing daily.; - Brand new construction, estimated completion Q3 2026.; - Flexible space suitable for a wide range of business uses (office, retail, medical, etc.).
    (904) 461-8878
    Request Owner's contact information
    5900 Us Highway 1 S 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
    5900 Us Highway 1 S St Augustine, FL 32086
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    Listing Contact
    WILLIAM RUSSELL
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