Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    84 Theatre Drive St Augustine, FL 32086

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail property near Epic Theatres, drawing 800,000 annual visitors.

    Type:Retail Ground Lease
    Property size:
    8,761 SF
    Added:
    Jan 27, 2026
    Days on Market:
    92
    Last Refresh:
    Apr 5 at 11:12 pm

    Property Features for 84 Theatre Drive

    General Information

    Standard status
    Active
    Size
    8,761 SF
    Property subtype
    Retail Ground Lease

    Building Details

    Year Built
    2009

    Spaces For Lease

    at 84 Theatre Drive Contact us

    We can help!

    Listing Contact
    Austin Kay
    Austin Kay

    Listing agent Austin Kay License #3281187

    Listing office NAI Hallmark | Jacksonville

    Listing date Jan 27, 2026

    Source Naiglobal

    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 NAI Hallmark | Jacksonville

    Overview

    Retail Space Near Epic Theatres

    This retail property is shadow anchored by Epic Theatres, a regional movie theatre chain that draws approximately 800,000 annual visitors annually. The property is located at the signalized intersection of State Road 207 and Rolling Hills Drive, a primary entry point to Saint Augustine, with an AADT of 55,500. Situated approximately 3.5 miles east of Interstate 95 and 3 miles southwest of Saint Augustine Old Town, the property benefits from its location in a rapidly growing area. Outparcels include major retailers and medical facilities such as Planet Fitness, McDonald's, Dunkin, Avecina Medical, and Hurricane Express Car Wash. Traffic counts are 40,000 AADT on SR 207 and 17,500 on Rolling Hills Drive. The property size is 8,761 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The JW Salon Hair Salon Arthur Murray Dance ... Theater & Performing Art Venue Awaken City Church Church Ancient City Chiropractic Alternative Medicine Practice Joesph Accurso Alternative Medicine Practice

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Similar Places Nearby

    • Coinstar Kiosk | Bitcoin ATM — 845 Durbin Pavilion Dr, St. Augustine, FL 32084
    • Cobblestone Village - St. Augustine — 305 State Rte 312, St. Augustine, FL 32086

    Location Insight

    • Map
    • Local Demand
    City
    St Augustine
    County
    St. Johns
    State
    Florida
    Longitude
    -81.3421
    Latitude
    29.8617

    Nearby Similar for Lease

    • $2,100/Mo

      Prime Commercial Space in St. Augustine

      Highly visible commercial space ideal for retail or service businesses.
      100 CENTER CREEK Road, St. Augustine, FL 32084
      View Details
    • $11,644/Mo

      St. Augustine Retail/Office Space

      Prime location near major retailers, ideal for various commercial uses.
      2477 US HIGHWAY 1, St. Augustine, FL 32086
      View Details
    • $2,500/Mo

      Retail Space in St Augustine

      1,500 SF retail space available for lease in St. Augustine.
      9155 County Road 13 N, St Augustine, FL 32092
      View Details
    • $8,398/Mo

      Downtown St. Augustine Office Space

      Professional office space in the heart of historic St. Augustine.
      5 PALM, St. Augustine, FL 32084
      View Details
    • $4,895/Mo

      Medical Office Space For Lease

      Well-designed medical suite near Flagler Hospital, move-in ready.
      252 SOUTHPARK CIRCLE, St Augustine, FL 32086-0000
      View Details
    • $2,500/Mo

      New Commercial Space on US1

      New construction commercial space for lease in St. Augustine, FL.
      5900 US HIGHWAY 1 S, St. Augustine, FL 32086
      View Details
    • $1,500/Mo

      Historic Commercial Space in St. Augustine

      Charming 1920s commercial space in St. Augustine's Lincolnville district.
      97 M L KING Avenue, St. Augustine, FL 32084
      View Details
    • $23,750 SF/Yr

      New St. Augustine Freestanding Building

      Newly constructed building suitable for medical, wellness, and service-based users.
      481 Shores Blvd., St Augustine, FL 32086
      View Details
    • $1,600/Mo

      St Augustine Office Space Available

      Renovated office space in ideal location, 1,025 sq. ft.
      5098 B A1a, St Augustine, FL 32080
      View Details
    • $3,813/Mo

      St. Augustine New Construction Office

      New office building in high-income area, flexible suite sizes.
      481 A Shores Blvd., St Augustine, FL 32086
      View Details
    • $2,295/Mo

      St. Augustine Professional Office Condo

      Professional office condo for lease in World Golf Village.
      135 LAND GRANT Street, St. Augustine, FL 32092
      View Details
    • $22 SF/Yr

      St. Augustine Medical/Office Space

      2600 SF medical/office space for lease near Flagler Hospital.
      165 SOUTHPARK BOULEVARD, ST AUGUSTINE, FL 32086
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail property near Epic Theatres, drawing 800,000 annual visitors.
    Where is this shopping center located?
    The property is located at 84 Theatre Drive St Augustine, FL.
    What are key features of this property?
    This property features: Shadow‑anchored by Epic Theatres, drawing approximately 800,000 annual visitors.; Located at a signalized intersection with a high combined AADT of 55,500.; Located in a rapidly growing area of the MSA.
    (904) 493-4495
    We can help!
    Listing Contact
    Austin Kay
    Austin Kay
    Real Estate License ID: 3281187
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!