Medical Office
105 Whitehall Drive St Augustine, FL 32086
New
105 Whitehall Drive, St Augustine, FL, 32086
$700,000
For Sale
$700,000
Vacant 2,502 SF medical/professional office condominium with immediate occupancy in an established professional office park.
Property Size2,502 SF
Price / SF$279.78
Days on Market3
Property Features for 105 Whitehall Drive
General Information
- Standard status
- Active
- Size
- 2,502 SF
- Property subtype
- Office
Building Details
- Year Built
- 2008
Listing agency
SVN | Commercial Advisory Group
(941) 223-1525
Listed by
Gail Bowden · License #3044621
(941) 223-1525
Source
Svn
Added: Jul 19 Updated: Jul 20 at 4:02AM Checked: Jul 21 at 5:28AM
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 SVN | Commercial Advisory Group
Investment Insights
Based on property information with market context.
This 2,502 SF medical/professional office condominium is currently vacant, offering immediate occupancy for an owner-user or the ability to position the space for lease-up. The property is described as well-maintained and provides a professional setting within a shared office environment.
The condominium is located in an established professional office park with convenient access to major roadways. Public remarks also note visibility and accessibility, along with nearby retail amenities and healthcare providers.
Overall, the asset is presented as flexible for either immediate owner occupation or investor ownership, with the primary operational advantage being that the space is available now.
The condominium is located in an established professional office park with convenient access to major roadways. Public remarks also note visibility and accessibility, along with nearby retail amenities and healthcare providers.
Overall, the asset is presented as flexible for either immediate owner occupation or investor ownership, with the primary operational advantage being that the space is available now.
Key Highlights
- Vacant 2,502 SF medical/professional office condominium with immediate occupancy available
- Year built 2008
- Ideal for owner‑user or investor (flexible owner‑use or lease‑up scenario)
Local Financial Insights For Office B
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 | $60.0k | $24.00 |
| − Vacancy | −$13.3k | −$5.33 |
| EGI | $46.7k | $18.67 |
| − OpEx | −$11.7k | −$4.67 |
| NOI | $35.0k | $14.00 |
2,502 SF · lease $24.00/SF/yr · vacancy 22.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$500.5K
$438.0K – $584.0K
NOI $35,038 @ 7.0% cap · market cap 5.01%
Second Best
Healthcare Medical
$475.6K
$416.1K – $554.9K
NOI $33,291 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$667.4K
$584.0K – $778.6K
NOI $46,717 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Joseph Cartwright, MD
Physician
Aza Health St ...
Medical Clinic
Florida Pain Physicians
Medical Clinic
JAMES E FREIDENSTEIN, ...
Physician
Patrick Thompson, PA-C
Physician
Similar For Sale Nearby
Similar Off Market Nearby
- Matanzas River Animal Hospital — 2440 US-1, St. Augustine, FL 32086
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- Dr. Herbert Nicolas — 2440 US-1, St. Augustine, FL 32086
- Lopez Sheila M DVM — 2440 US-1, St. Augustine, FL 32086
FAQs
What type of property is this?
Medical Office Space - Vacant 2,502 SF medical/professional office condominium with immediate occupancy in an established professional office park.
Where is this medical office space located?
The property is located at 105 Whitehall Drive St Augustine, FL.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Vacant 2,502 SF medical/professional office condominium with immediate occupancy available; Year built 2008; Ideal for owner‑user or investor (flexible owner‑use or lease‑up scenario)
