Renovated Office
For Sale
$675,000
1301 Plantation Island Drive S #303A, St Augustine, FL 32080
The multi-room layout includes several offices, a conference room, reception area, lobby, and break room.
Property Size2,025 SF
Price / SF$333.33
Days on Market137
Property Features for 1301 Plantation Island Drive S #303A
General Information
Standard status
Active
Size
2,025 SF
Property subtype
Commercial
Additional Details
Condition
Newly Renovated
Property Use
Office
Taxes and HOA fees
Annual Taxes
$9,210
Building Details
Building Size
2,025 SF
Year Built
2005
Listing Agency:
COLDWELL BANKER PREMIER PROPERTIES
(904) 392-5151
Listed By:
ERIC MAIMO · License #3254822
(904) 537-6443
Source:
Dualstaterealestate
Added: Jun 11
Changed: Oct 23
Last Checked: Oct 23 at 5:38PM
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 COLDWELL BANKER PREMIER PROPERTIES
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Investment Insights
Based on property information with market context.
This 2,025-square-foot office unit was built in 2005 and has been recently renovated. The interior includes several offices, a conference room, a break room, reception area, and lobby.
The property is on Plantation Island in St. Augustine, Florida.
The property is on Plantation Island in St. Augustine, Florida.
Key Highlights
- 2,025‑square‑foot office unit
- Several offices plus a conference room
- Includes a break room, reception area, and lobby
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,358
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,160
$567.2K
Cap Rate 7%
$405,114
$405.1K
Cap Rate 9%
$315,089
$315.1K
Market Conditions
NOI Build-Up for 2,025 SF
Gross rent
$48.6K $24.00/SF
− Vacancy
−$10.8K −$5.33/SF
EGI
$37.8K $18.67/SF
− OpEx
−$9.5K −$4.67/SF
NOI
$28.4K $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%
$567,160
Cap Rate 7%
$405,114
Cap Rate 9%
$315,089
Alternative Uses
Best Use
Office B
$405.1K
$354.5K – $472.6K
NOI $28,358 @ 7.0% cap · market cap 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$540.2K
$472.6K – $630.2K
NOI $37,811 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
252
Businesses Nearby
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Business Placement
Demographics for 32080, FL
21,889
Population
16,658
Households
1.3
Avg Household Size
57
Median Age
50%
College-Educated
96%
High-School Grad
15.7 sq mi
ZIP Area
1,394
Density / Sq Mi
$91,201
Median Household Income
$49,302
Median Earnings
$1,631
Median Rent
$497,500
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The multi-room layout includes several offices, a conference room, reception area, lobby, and break room.
Where is this office unit located?
The property is located at 1301 Plantation Island Drive S #303A St Augustine, FL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 2,025‑square‑foot office unit; Several offices plus a conference room; Includes a break room, reception area, and lobby
