Fully Occupied Strip
For Sale
$3,890,000
100 Center Creek Rd, St Augustine, FL 32084
Established tenants, on-site parking, and access to major commercial corridors support the property’s operating profile.
Property Size19,796 SF
Price / SF$196.50
Days on Market36
Property Features for 100 Center Creek Rd
General Information
Standard status
Active
Size
19,796 SF
Property subtype
Commercial
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Year Built
2011
Buildings
1
Tenancy
Multi
Listing Agency:
COLDWELL BANKER VANGUARD REALTY
(904) 704-1208
Listed By:
Bobbie Jean Demunck · License #BK3283740
Source:
Viewhomesonameliaisland
Added: Jul 25
Changed: Aug 28
Last Checked: Aug 25 at 8:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COLDWELL BANKER VANGUARD REALTY
Investment Insights
Based on property information with market context.
This 19,796-square-foot commercial property includes the building and underlying land, with full occupancy and established tenants in place. Built in 2011, the asset is offered as a single property and includes a large on-site parking lot.
The property is located at 100 Center Creek Rd in St. Augustine, near Lewis Speedway and the SR 16 commercial corridor. Access to US 1, Historic Downtown St. Augustine, nearby residential communities, schools, and local businesses places the site within an established commercial setting in St. Johns County. Financial information, rent roll, lease details, and operating expenses are available to qualified buyers under a confidentiality agreement.
The property is located at 100 Center Creek Rd in St. Augustine, near Lewis Speedway and the SR 16 commercial corridor. Access to US 1, Historic Downtown St. Augustine, nearby residential communities, schools, and local businesses places the site within an established commercial setting in St. Johns County. Financial information, rent roll, lease details, and operating expenses are available to qualified buyers under a confidentiality agreement.
Key Highlights
- 100% occupied commercial property with established tenants
- 19,796 square feet on the building and land offered together
- Built in 2011
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$223,738
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,474,760
$4.5M
Cap Rate 7%
$3,196,257
$3.2M
Cap Rate 9%
$2,485,978
$2.5M
Market Conditions
NOI Build-Up for 19,796 SF
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.
Gross rent
$356.3K $18.00/SF
− Vacancy
−$36.7K −$1.85/SF
EGI
$319.6K $16.15/SF
− OpEx
−$95.9K −$4.84/SF
NOI
$223.7K $11.30/SF
Area
St. Johns County, FL
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,474,760
Cap Rate 7%
$3,196,257
Cap Rate 9%
$2,485,978
Alternative Uses
Best Use
Retail
$3.20M
$2.80M – $3.73M
NOI $223,738 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.28M
$4.62M – $6.16M
NOI $369,631 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
Explore this area
Business Placement
Demographics for 32084, FL
34,526
Population
17,839
Households
1.9
Avg Household Size
45
Median Age
32%
College-Educated
91%
High-School Grad
45.1 sq mi
ZIP Area
766
Density / Sq Mi
$72,965
Median Household Income
$38,611
Median Earnings
$1,534
Median Rent
$295,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Strip mall - Established tenants, on-site parking, and access to major commercial corridors support the property’s operating profile.
Where is this strip mall located?
The property is located at 100 Center Creek Rd St Augustine, FL.
What is the asking price?
The asking price for this property is $3,890,000.
What are key features of this property?
This property features: 100% occupied commercial property with established tenants; 19,796 square feet on the building and land offered together; Built in 2011
