Medical Office
For Sale
$700,000
105 Whitehall Drive, St Augustine, FL 32086
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 Market94
Property Features for 105 Whitehall Drive
General Information
Standard status
Active
Size
2,502 SF
Class
B
Property subtype
Office
Building Details
Building Size
2,502 SF
Year Built
2008
Listing Agency:
SVN | Commercial Advisory Group
Listed By:
Gail Bowden · License #3044621
(941) 223-1525
Source:
Svn
Added: Jul 19
Changed: Oct 2
Last Checked: Oct 19 at 4:57AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,038
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$700,760
$700.8K
Cap Rate 7%
$500,543
$500.5K
Cap Rate 9%
$389,311
$389.3K
Market Conditions
NOI Build-Up for 2,502 SF
Gross rent
$60.0K $24.00/SF
− Vacancy
−$13.3K −$5.33/SF
EGI
$46.7K $18.67/SF
− OpEx
−$11.7K −$4.67/SF
NOI
$35.0K $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%
$700,760
Cap Rate 7%
$500,543
Cap Rate 9%
$389,311
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 authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,490
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Matanzas River Animal Hospital — 2440 US-1, St. Augustine, FL 32086
- Dr. Herbert Nicolas — 2440 US-1, St. Augustine, FL 32086
- Lopez Sheila M DVM — 2440 US-1, St. Augustine, FL 32086
- Petco Vaccination Clinic — 430 Cbl Dr, St. Augustine, FL 32086
Frequently Asked Questions
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)
