Renovated Office
For Sale
$675,000
1301 Plantation Island Drive S 303a, St Augustine, FL 32080
Multi-room office configuration with meeting, reception, break, and common areas.
Property Size2,025 SF
Price / SF$333.33
Days on Market74
Property Features for 1301 Plantation Island Drive S 303a
General Information
Standard status
Active
Size
2,025 SF
Amenities
several offices
conference room
break room
reception area
lobby
Building Details
Year Built
2005
Listing Agency:
COLDWELL BANKER COMMERCIAL PREMIER PROPERTIES
Listed By:
Eric Maimo · License #3254822
(904) 537-6443
Source:
Livewelltampabay
Added: Aug 8
Changed: Oct 6
Last Checked: Oct 7 at 2:35PM
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 COMMERCIAL PREMIER PROPERTIES
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Investment Insights
Based on property information with market context.
This 2,025-square-foot office unit at 1301 Plantation Island Dr S, Unit 303A, provides a flexible business setting in St. Augustine. The suite includes several individual offices along with a conference room, reception area, lobby, and break room.
Built in 2005, the property has undergone recent renovation and upgrades. Its location on Plantation Island supports office users seeking a St. Augustine address with an established, functional interior layout.
Built in 2005, the property has undergone recent renovation and upgrades. Its location on Plantation Island supports office users seeking a St. Augustine address with an established, functional interior layout.
Key Highlights
- 2,025 SF office unit on Plantation Island
- Several offices plus a conference room, reception area, lobby, and break room
- Recently renovated and upgraded interior
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
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Multi-room office configuration with meeting, reception, break, and common areas.
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 SF office unit on Plantation Island; Several offices plus a conference room, reception area, lobby, and break room; Recently renovated and upgraded interior
