Medical Office Investment
1680 Osceola Elementary Rd, Saint Augustine, FL 32084
Two-tenant medical office building for sale in Saint Augustine.
Type:Retail
Property size:
9,206 SFPrice / SF:
$255/SF- Added:
- Nov 21, 2025
- Days on Market:
- 183
- Last Refresh:
- Apr 5 at 11:40 pm
Property Features for 1680 Osceola Elementary Rd
General Information
- Standard status
- Active
- Size
- 9,206 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2001
Listing agent Keith Lenz (303) 962-9563
Listing office (303) 962-9563
Listing date Nov 21, 2025
Source Pinnaclerea
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 Keith Lenz
HighLights
- Stable income stream guaranteed by Fresenius, a global leader in renal care.
- Prime location on Highway 207 in St. Augustine with high visibility and easy accessibility.
- Diversified income with two established tenants, mitigating vacancy risk.
- Fresenius has already exercised two of its five‑year renewal options, demonstrating long‑term commitment.
- Proximity to residential areas and other healthcare facilities ensures a steady patient flow.
- Value‑add opportunity to bring in a new tenant at market rate.
Overview
This two-tenant medical office facility is located in Saint Augustine, Florida. The property is home to two tenants, including Fresenius, a global leader in renal care, ensuring a stable income stream. The other tenant is a local doctor who has been at this location since the original construction. The property is strategically situated in a prime location on Highway 207, offering high visibility and easy accessibility. It is proximal to residential areas and other healthcare facilities, ensuring patient flow and convenient access for healthcare seekers. Fresenius has already implemented two of the four, 5-year options to extend, demonstrating dedication to this facility. There is a value-add opportunity to bring in a new tenant at market rate. A large 200+ unit residential development has recently been approved to be constructed immediately behind the building. The property size is 9206 square feet.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$1.43M
NOI $128,921 @ 9.00% cap · cautious / downside scenario
Moderate
$1.84M
NOI $128,921 @ 7.00% cap · market / base-case scenario
Aggressive
$2.58M
NOI $128,921 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $220.9k | $24.00 |
| − Vacancy | −$49.0k | −$5.33 |
| EGI | $171.9k | $18.67 |
| − OpEx | −$43.0k | −$4.67 |
| NOI | $128.9k | $14.00 |
9,206 SF · lease $24.00/SF/yr · vacancy 22.20% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$1.84M
$1.61M – $2.15M
NOI $128,921 @ 7.0% cap · market cap 5.49%
Second Best
Healthcare Medical
$1.75M
$1.53M – $2.04M
NOI $122,491 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$2.46M
$2.15M – $2.86M
NOI $171,894 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Paul Jayachandra, MD ...
Physician
Renal Care Center
Medical Clinic
Syed Wasim Ali
Physician
Similar Places Nearby
- Banfield Pet Hospital — 1779 US-1, St. Augustine, FL 32084
- St. Augustine Humane Society — 1665 Old Moultrie Rd, St. Augustine, FL 32084
- Petco Vaccination Clinic — 430 Cbl Dr, St. Augustine, FL 32086
- Haupt Norma L DVM — 425 State Rd 207 #102, St. Augustine, FL 32084
- Animal Wellness Center — 425 State Rd 207 #102, St. Augustine, FL 32084
Location Insight
- Map
- Local Demand
- City
- Saint Augustine
- County
- St. Johns
- State
- Florida
- Longitude
- -81.3371
- Latitude
- 29.871
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Two-tenant medical office building for sale in Saint Augustine.
Where is this medical office space located?
The property is located at 1680 Osceola Elementary Rd Saint Augustine, FL.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Stable income stream guaranteed by Fresenius, a global leader in renal care.; Prime location on Highway 207 in St. Augustine with high visibility and easy accessibility.; Diversified income with two established tenants, mitigating vacancy risk.
