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End Unit Retail/Office Condo
For Sale
$649,000

101-4425 Us Highway 1 S, St Augustine, FL 32086

End unit in Ancient City Plaza with front windows, private office, workshop, rear storage, and two rear doors.

Property Size1,876 SF
Price / SF$345.95
Days on Market144

Property Features for 101-4425 Us Highway 1 S

General Information

Standard status Active
Size 1,876 SF
Zoning PUD

Additional Details

Highway Access Yes

Taxes and HOA fees

Annual Taxes $3,298

Amenities

steel roof
kitchenette
full bathroom with shower
canopy shade coverage

Building Details

Year Built 2004
Stories 1
Construction concrete-on-slab
Listing Agency: Great Expectations Realty
Listed By: Jena Dennis · License #BK3387473
Source: Exprealty
Added: Jun 1 Changed: Oct 2 Last Checked: Oct 20 at 9:55PM

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 Great Expectations Realty

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Investment Insights

Based on property information with market context.

Highly visible end unit within Ancient City Plaza, built in 2004 and constructed as a one-story concrete-on-slab structure with a steel roof. The condo includes front display windows and an entry door with canopy shade, plus a flexible interior layout featuring a front retail/office area, a fully enclosed private office, a workshop area, a rear storage/IT room, a kitchenette, and a full bathroom with shower. Two rear doors provide additional access and operational flexibility.

The property is located along busy US-1 in the St. Augustine Shores area and is a north corner unit with additional side windows. A shared common parking lot serves owners, employees, and customers.

Currently used for retail, the real estate is offered for sale only (the business does not convey). Zoned PUD and supported by two POA associations with monthly dues that cover structural features and the exterior, the space is suited for a broad mix of commercial office, retail, and service-oriented configurations.

Key Highlights

  • 1,876 SF one‑story concrete‑on‑slab commercial office condo built in 2004 within Ancient City Plaza
  • North corner end unit with additional side windows, front display windows, and entry door with canopy shade coverage
  • Flexible interior layout: front retail/office area, fully enclosed private office, workshop, rear storage/IT room, small kitchenette, and full bathroom with shower

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$26,272
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$525,440 $525.4K
Cap Rate 7%
$375,314 $375.3K
Cap Rate 9%
$291,911 $291.9K
Market Conditions
NOI Build-Up for 1,876 SF
Gross rent
$45.0K $24.00/SF
− Vacancy
−$10.0K −$5.33/SF
EGI
$35.0K $18.67/SF
− OpEx
−$8.8K −$4.67/SF
NOI
$26.3K $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 Rate 5%
$525,440
Cap Rate 7%
$375,314
Cap Rate 9%
$291,911

Alternative Uses

Best Use
Office B
$375.3K
$328.4K – $437.9K (±1% cap)
NOI $26,272 @ 7.0% cap · market cap 4.05%
Second Best
Retail
$302.9K
$265.0K – $353.4K (±1% cap)
NOI $21,203 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$500.4K
$437.9K – $583.8K (±1% cap)
NOI $35,029 @ 7.0% cap · market cap 5.40%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Grocery & Convenience Store Food Market Supermarket

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

2
Businesses Nearby

Demographics for 32086, FL

31,452
Population
15,696
Households
2
Avg Household Size
51
Median Age
33%
College-Educated
92%
High-School Grad
65.8 sq mi
ZIP Area
478
Density / Sq Mi
$74,508
Median Household Income
$40,571
Median Earnings
$1,536
Median Rent
$342,000
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Retail space - End unit in Ancient City Plaza with front windows, private office, workshop, rear storage, and two rear doors.
Where is this retail space located?
The property is located at 101-4425 Us Highway 1 S St Augustine, FL.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 1,876 SF one‑story concrete‑on‑slab commercial office condo built in 2004 within Ancient City Plaza; North corner end unit with additional side windows, front display windows, and entry door with canopy shade coverage; Flexible interior layout: front retail/office area, fully enclosed private office, workshop, rear storage/IT room, small kitchenette, and full bathroom with shower
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