Occupied Storefront Commercial
For Sale
$3,890,000
100 CENTER CREEK Road, St Augustine, FL 32084
COMMERCIAL - St. Augustine, FL
Property Size19,796 SF
Lot Size2.51 Acres
Price / SF$196.50
Days on Market25
Property Features for 100 CENTER CREEK Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial/Residential/Office
Parking features
Parking Lot
Subdivision
Metes & Bounds
Lot features
Corner Lot
Directions
I95, exit 318 towards St. Augustine, left onto varella Ave., left on Lewis Speedway, left on whispering Brk Dr.
Standard status
Active
APN
1028200003
Size
19,796 SF
Lot size
2.51 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
37160
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
2011
Floors in Building
1
Number of units
18
Flooring type
Tile
Building materials
Concrete, Stone, Stucco
Roof type
Shingle, Metal
Listing Agency:
COLDWELL BANKER VANGUARD REALTY · Coldwell Banker Real Estate
(904) 269-7117
Listed By:
Bobbie Jean Demunck · License #BK3283740
(904) 704-1208
Added: Jul 16
Changed: Aug 7
Last Checked: Aug 9 at 1:06AM
MLS# 2159058
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.
Investment Insights
Based on property information with market context.
This 19,796-square-foot storefront property includes the commercial building and underlying 2.51-acre site. Built in 2011, the improvements feature concrete, stone, and stucco construction, tile flooring, central air, and central electric heating. A parking lot serves the property, while public water and public sewer provide utility service.
The property is located at 100 Center Creek Road 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 is identified in the property information. The building is 100% occupied by established tenants, and 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 Road 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 is identified in the property information. The building is 100% occupied by established tenants, and financial information, rent roll, lease details, and operating expenses are available to qualified buyers under a confidentiality agreement.
Key Highlights
- 100% occupied commercial building with established tenants
- 19,796 square feet on a 2.51‑acre site
- Built in 2011 with concrete, stone, and stucco construction
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
$277,223
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
7.13%
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%
$5,544,460
$5.5M
Cap Rate 7%
$3,960,329
$4.0M
Cap Rate 9%
$3,080,256
$3.1M
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
$475.1K $24.00/SF
− Vacancy
−$105.5K −$5.33/SF
EGI
$369.6K $18.67/SF
− OpEx
−$92.4K −$4.67/SF
NOI
$277.2K $14.00/SF
Area
St. Johns County, FL
Vacancy
22.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$5,544,460
Cap Rate 7%
$3,960,329
Cap Rate 9%
$3,080,256
Alternative Uses
Best Use
Office B
$3.96M
$3.47M – $4.62M
NOI $277,223 @ 7.0% cap · market cap 7.13%
Second Best
Retail
$3.20M
$2.80M – $3.73M
NOI $223,738 @ 7.0% cap · market cap 5.75%
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
Property Profile
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
Balanced
Demand for This Use
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Fully occupied storefront property with on-site parking and public water and sewer.
Where is this storefront property located?
The property is located at 100 CENTER CREEK Road 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 building with established tenants; 19,796 square feet on a 2.51‑acre site; Built in 2011 with concrete, stone, and stucco construction
