Executive Office
For Sale
Contact for pricing
Pending
111-701 Market St, St Augustine, FL 32095
Individually leased executive offices in a building with utilities included, plus cafe, conference room, and shared coworking areas.
Property Size210 SF
Days on Market101
Property Features for 111-701 Market St
General Information
Standard status
Pending
Size
210 SF
Taxes and HOA fees
Annual Taxes
$5,068
Listing Agency:
EXIT MAGNOLIA POINT REALTY
(904) 269-4600
Listed By:
DOUGLAS SENECAL · License #3539193
(478) 390-3531
Source:
Exprealty
Added: Jul 18
Changed: Oct 25
Last Checked: Oct 24 at 6:25PM
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 EXIT MAGNOLIA POINT REALTY
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.
Private executive offices are available in the Village Square building within Palencia’s Market Street District. Suites are individually leased and offered fully equipped, with all utilities included.
In addition to private office space, the building includes a stocked cafe, a conference room, and a co-working lounge. There is also additional working space and outdoor working areas for shared use.
Virtual offices (as scheduled) are also available for qualified users looking to supplement onsite operations with an alternative option.
In addition to private office space, the building includes a stocked cafe, a conference room, and a co-working lounge. There is also additional working space and outdoor working areas for shared use.
Virtual offices (as scheduled) are also available for qualified users looking to supplement onsite operations with an alternative option.
Key Highlights
- Individually leased private executive offices in the Village Square building in Palencia’s Market Street District
- Utilities included with the offices
- Fully equipped office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,941
Suggested Prices Based on Cap Rates
Cap Rate 5%
$58,820
$58.8K
Cap Rate 7%
$42,014
$42.0K
Cap Rate 9%
$32,678
$32.7K
Market Conditions
NOI Build-Up for 210 SF
Gross rent
$5.0K $24.00/SF
− Vacancy
−$1.1K −$5.33/SF
EGI
$3.9K $18.67/SF
− OpEx
−$980 −$4.67/SF
NOI
$2.9K $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%
$58,820
Cap Rate 7%
$42,014
Cap Rate 9%
$32,678
Alternative Uses
Best Use
Office B
$42.0K
$36.8K – $49.0K
NOI $2,941 @ 7.0% cap · market cap 255.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$56.0K
$49.0K – $65.4K
NOI $3,921 @ 7.0% cap · market cap 340.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
192
Businesses Nearby
Explore this area
Business Placement
Demographics for 32095, FL
16,607
Population
6,997
Households
2.4
Avg Household Size
42
Median Age
53%
College-Educated
96%
High-School Grad
57.4 sq mi
ZIP Area
289
Density / Sq Mi
$124,556
Median Household Income
$51,986
Median Earnings
$1,576
Median Rent
$485,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Individually leased executive offices in a building with utilities included, plus cafe, conference room, and shared coworking areas.
Where is this office unit located?
The property is located at 111-701 Market St St Augustine, FL.
What are key features of this property?
This property features: Individually leased private executive offices in the Village Square building in Palencia’s Market Street District; Utilities included with the offices; Fully equipped office space
