Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    165-197 Blackford Way St Augustine, FL 32086

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in a well-positioned neighborhood retail center.

    Property size:
    1,400 SF
    Lot size:
    5.26 Acres

    Property Features for 165-197 Blackford Way

    General Information

    Size
    1,400 SF
    Lot size
    5.26 Acres

    We can help!

    Listing Contact
    Dave Gaglione
    Source: Moodyscre

    Listing Agent: Dave Gaglione

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Space in St. Augustine

    Located on US 1, four miles south of SR 312 in St. Augustine, FL, Shore Village Plaza is a neighborhood retail center offering 56,146 square feet of retail space. The property features excellent street frontage, high visibility, and strong traffic counts. A 34,000 square foot anchor space, previously occupied by Food Lion, is available. Additionally, there is a 1-acre (+/-) out-parcel, suitable for land lease or build-to-suit opportunities. Walgreens is a neighboring business, further enhancing the center’s appeal. The available retail space is 1,400 square feet. This center presents an opportunity for business owners looking to establish or expand in the St. Augustine market.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Building Supply Clothing Store Auto Repair Shop Gym & Fitness Pharmacy Wholesale Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    St Augustine
    County
    St. Johns
    State
    Florida
    Longitude
    -81.3209957
    Latitude
    29.7910021

    Nearby Similar for Lease

    • $34 SF/Yr
      98,010 SF

      Prime Location in St. Augustine Shores

      Exceptional neighborhood accessibility in a growing residential community.
      481 Shores Blvd, St Augustine, FL 32086
      View Details
    • $2,800 /Mo
      1,102 SF

      St. Augustine Professional Office Condo

      Professional office condo for lease in World Golf Village.
      135 Land Grant St, St Augustine, FL 32092
      View Details
    • $2,600 /Mo

      St. Augustine Professional Office Condo

      Professional office condo for lease in World Golf Village.
      145 Land Grant St, St Augustine, FL 32092
      View Details
    • $5,700 /Mo
      864 SF

      St. Augustine Retail Opportunity

      Retail space with upstairs apartment near Flagler College.
      308 S Ponce De Leon Blvd, St Augustine, FL 32080
      View Details
    • $27 SF/Yr
      1,298 SF

      St. Augustine Office Suite For Rent

      Turnkey office space in Julington Creek's premier business corridor.
      1633 Race Track Rd, St Augustine, FL 32259
      View Details
    • $1,500 /Mo
      1,000 SF

      Historic Commercial Space in St. Augustine

      Charming 1920s commercial space in St. Augustine's Lincolnville district.
      97 M L King Ave, St Augustine, FL 32084
      View Details
    • New
      $38 SF/Yr
      18,000 SF

      Furnished Office in Upscale Village

      Furnished office space in central St. Augustine location.
      701 Market St, St Augustine, FL 32095
      View Details
    • $1,100 /Mo
      22,651 SF

      Professional Office Space For Lease

      Second floor office space available in St. Augustine, Florida.
      403 Anastasia Blvd, St Augustine, FL 32080
      View Details
    • $1,100 /Mo
      22,651 SF

      St Augustine Office Space Available

      Second floor office space available for lease in St Augustine.
      403 Anastasia Blvd, St Augustine, FL 32080
      View Details
    • $34 SF/Yr
      1,170 SF

      Upscale Salon in European Village

      Fully built-out salon with custom finishes in St. Augustine.
      581 Market St, St Augustine, FL 32095
      View Details
    • New
      $1,150 /Mo
      210 SF

      St. Augustine Executive Office Space

      Private executive offices with utilities included and shared amenities.
      701 Market St, St Augustine, FL 32095
      View Details
    • $3,125 /Mo

      St Augustine Medical Office Space

      Office space with exam rooms near UF Health Flagler Hospital.
      150 Southpark Blvd, St Augustine, FL 32086
      View Details

    FAQs

    What type of property is this?
    Strip mall - Retail space available in a well-positioned neighborhood retail center.
    Where is this strip mall located?
    The property is located at 165-197 Blackford Way St Augustine, FL.
    What are key features of this property?
    This property features: - 34,000 sq. ft. anchor space (former Food Lion) available.; - Located on US 1 in St. Augustine, FL.; - High visibility and strong traffic counts.
    (904) 992-9000
    Request Owner's contact information
    165-197 Blackford Way St Augustine, FL 32086
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    165-197 Blackford Way
    St Augustine, FL 32086
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    165-197 Blackford Way St Augustine, FL 32086
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Dave Gaglione
    (904) 992-9000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.