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

    222 San Marco Ave St Augustine, FL 32080

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,500,000

    4,116 SF office building in downtown St. Augustine.

    Lot size:
    0.24 Acres

    Property Features for 222 San Marco Ave

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.24 Acres

    Building Details

    Year built
    1927

    We can help!

    Listing Contact
    Karen Lindsey
    Source: Elliman

    Listing Agency: Lighthouse Realty Assoc. Inc Listing Agent: Karen Lindsey

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

    Learn more

    Overview

    St. Augustine Office Building For Sale

    This 4,116 sq. ft. office building features 120 feet of frontage along San Marco/A1A and includes a covered patio. The property offers 3,540 sq. ft. of heated and cooled space, currently divided into three separate office suites, each with private entrances. There are 17 on-site parking spaces. Suite A includes 3 offices, a reception area, a waiting room, and a half bath, and is currently leased on a month-to-month basis. Suite B features 2 offices, a reception area, and shared access to a conference room and a full bathroom with Suite C. Suite C contains 2 offices, a reception area, a half bath, a copy/storage room, and shared access to the conference room and full bath with Suite B. Additional features include a large, high-visibility sign on the frontage and City of St. Augustine water and sewer services. This property offers a fantastic opportunity for a variety of businesses such as a day spa, medical or dental office, title company, real estate agency, or even an ice cream shop.
    Location Intelligence

    Current Use by Public Records

    Thomas E Cushman ... Law Firm Jessica Deaton Law, ... Law Firm Wayne Henderson Law ... Law Firm Jacksonville Area Legal ... Government Office

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    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
    -81.3219756
    Latitude
    29.9139365

    Nearby Similar for Sale

    • $479,000
      3,600 SF

      St. Augustine Special Purpose Opportunity

      Former fire station on nearly 2 acres, potential community facility.
      428 Shores Blvd, St Augustine, FL 32086
      View Details
    • $790,000
      2,080 SF

      New Flex Space Near Downtown

      New construction flex space near downtown St. Augustine.
      96 Fred Waters Way, St Augustine, FL 32084
      View Details
    • $385,000
      1,125 SF

      St. Augustine Commercial Office Space

      Commercial office in Palencia Commons, St. Augustine, suitable for professional/medical.
      344 Paseo Reyes Dr, St Augustine, FL 32095
      View Details
    • $359,000
      1,500 SF

      St. Augustine Warehouse with Offices

      Warehouse unit with offices and conference room in St. Augustine.
      4425 S Us Highway 1, St Augustine, FL 32086
      View Details
    • $465,000
      1,512 SF

      Commercial Property on W King Street

      Versatile commercial property in a rapidly developing business district.
      688 W King St, St Augustine, FL 32084
      View Details
    • $3,800,000
      8,000 SF

      Historic Retail Building in St. Augustine

      Retail building near tourist attractions with business opportunity potential.
      56 San Marco Ave, St Augustine, FL 32084
      View Details
    • New
      $2,350,000
      13,363 SF

      St. Augustine Warehouse/Office Opportunity

      1.09 acre commercial property with 13,363 SF warehouse/office building.
      3705 Old Lewis Speedway, St Augustine, FL 32084
      View Details
    • $1,995,000
      0.52 Acres

      Medical Facility Near Flagler Hospital

      Established medical facility in St. Augustine's healthcare corridor.
      9 San Bartola Dr, St Augustine, FL 32086
      View Details
    • $999,000
      1,492 SF

      St. Augustine Duplex: Fully Restored

      Historic, fully furnished duplex near downtown St. Augustine.
      251 Charlotte St, St Augustine, FL 32084
      View Details
    • $2,350,000
      5,332 SF

      St. Augustine Office Building For Sale

      5,300+/- SF office building on US-1 South in St. Augustine.
      49 Shores Blvd, St Augustine, FL 32086
      View Details
    • $2,395,000
      4,381 SF

      Iconic Mixed-Use Pomar House

      Renovated mixed-use property in St. Augustine's historic district.
      62 Cuna St, St Augustine, FL 32084
      View Details
    • $4,450,000
      1.80 Acres

      St Augustine Commercial Property Opportunity

      Prime commercial property near historic downtown St. Augustine.
      259 San Marco Ave, St Augustine, FL 32084
      View Details

    FAQs

    What type of property is this?
    Office building - 4,116 SF office building in downtown St. Augustine.
    Where is this office building located?
    The property is located at 222 San Marco Ave St Augustine, FL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - 4,116 sq. ft. office building with **3,540 sq. ft. of heated/cooled space** in downtown St. Augustine; - Divided into three separate office suites, each with private entrances; - **120 feet of frontage along San Marco/A1A**
    (904) 669-6917
    Request Owner's contact information
    222 San Marco Ave St Augustine, FL 32080
    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.
    222 San Marco Ave
    St Augustine, FL 32080
    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
    222 San Marco Ave St Augustine, FL 32080
    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
    Karen Lindsey
    Real Estate License ID: 651588
    (904) 669-6917 (904) 471-3400
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!