Established Retail Business
965 FL-16 St Augustine, FL 32084
For Sale
$150,000
COMMERCIAL - St. Augustine, FL
Property Size1,050 SF
Price / SF$142.86
Days on Market188
Property Features for 965 FL-16
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 0886600040
- Size
- 1,050 SF
Listing Agency:
EAGLES WORLD REALTY, INC
(904) 337-1392
Listed By:
WISSAM ARO · License #3277217
(904) 444-5604
Added: Jan 19
Changed: May 21
Last Checked: Jul 26 at 5:06AM
MLS# 2125874
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Investment Insights
Based on property information with market context.
An established dry cleaning drop station business is available for acquisition. The business is located in a Publix-anchored shopping center with high traffic. It has been operating successfully at the same location for over 9 years, cultivating a loyal and consistent customer base. The property size is 1050 square feet. This presents an opportunity with strong upside potential.
Key Highlights
- Well‑established dry cleaning drop station business.
- Located in a high‑traffic Publix‑anchored shopping center.
- Operated successfully at the same location for over 9 years.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.9k | $18.00 |
| − Vacancy | −$1.9k | −$1.85 |
| EGI | $17.0k | $16.15 |
| − OpEx | −$5.1k | −$4.84 |
| NOI | $11.9k | $11.30 |
1,050 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$169.5K
$148.3K – $197.8K
NOI $11,867 @ 7.0% cap · market cap 7.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$280.1K
$245.1K – $326.8K
NOI $19,606 @ 7.0% cap · market cap 13.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - Well-established dry cleaning drop station in a high-traffic shopping center.
Where is this retail space located?
The property is located at 965 FL-16 St Augustine, FL.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Well‑established dry cleaning drop station business.; Located in a high‑traffic Publix‑anchored shopping center.; Operated successfully at the same location for over 9 years.
