Flex Space with
For Sale
$1,900,000
170 Cumberland Park Dr, St Augustine, FL 32095
Industrial property with office component, paved yard, and flexible PUD-authorized commercial uses.
Property Size5,280 SF
Lot Size2.20 Acres
Price / SF$359.85
Days on Market67
Property Features for 170 Cumberland Park Dr
General Information
Standard status
Active
Size
5,280 SF
Total Parking Spaces
14
Lot size
2.20 Acres
Zoning
Cumberland Industrial Park PUD
Additional Details
Office Build-Out
1,680 SF
Building Details
Year Built
1997
Building Size
5,280 SF
Construction
Butler style
Tenancy
Single
Listing Agency:
MOMENTUM REALTY
Listed By:
KIRK KILLEBREW
(904) 463-1131
Source:
Onewinningteam
Added: Aug 8
Changed: Oct 6
Last Checked: Oct 12 at 10:34PM
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 MOMENTUM REALTY
Investment Insights
Based on property information with market context.
This flex property at 170 Cumberland Park Dr includes a 5,280-square-foot building on 2.195 acres of developable land. The facility contains 1,680 square feet of office space, three half baths, a 16-foot eave height, and a Butler-style warehouse configuration. An asphalt-paved drive and yard serve the building, with 14 parking spaces on site. Constructed in 1997, the property combines enclosed industrial space with office functionality.
Located within Cumberland Industrial Park PUD, the site permits wholesale, storage, light manufacturing, printing, bulk storage, outdoor storage, vocational or trade schools, clinics tied to industrial activity, miscellaneous industrial uses, radio and television facilities, and essential public services. Self-storage, vehicle and equipment sales, building-supply sales, and service establishments serving commerce and industry may be allowed by exception. Development requires approval within the PUD. The current lease has more than four years remaining.
Located within Cumberland Industrial Park PUD, the site permits wholesale, storage, light manufacturing, printing, bulk storage, outdoor storage, vocational or trade schools, clinics tied to industrial activity, miscellaneous industrial uses, radio and television facilities, and essential public services. Self-storage, vehicle and equipment sales, building-supply sales, and service establishments serving commerce and industry may be allowed by exception. Development requires approval within the PUD. The current lease has more than four years remaining.
Key Highlights
- 5,280‑square‑foot building on 2.195 acres of developable land
- 1,680 square feet of office space with 3 half baths
- Butler‑style warehouse with 16‑foot eave height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,941
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,478,820
$1.5M
Cap Rate 7%
$1,056,300
$1.1M
Cap Rate 9%
$821,567
$821.6K
Market Conditions
NOI Build-Up for 5,280 SF
Gross rent
$126.7K $24.00/SF
− Vacancy
−$28.1K −$5.33/SF
EGI
$98.6K $18.67/SF
− OpEx
−$24.6K −$4.67/SF
NOI
$73.9K $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%
$1,478,820
Cap Rate 7%
$1,056,300
Cap Rate 9%
$821,567
Alternative Uses
Best Use
Office B
$1.06M
$924.3K – $1.23M
NOI $73,941 @ 7.0% cap · market cap 3.89%
Second Best
Warehouse
$647.1K
$566.2K – $754.9K
NOI $45,296 @ 7.0% cap · market cap 2.38%
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,588 @ 7.0% cap · market cap 5.19%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
252
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32095, FL
16,607
Population
6,997
Households
2.4
Avg Household Size
42
Median Age
53%
College-Educated
96%
High-School Grad
57.4 sq mi
ZIP Area
289
Density / Sq Mi
$124,556
Median Household Income
$51,986
Median Earnings
$1,576
Median Rent
$485,700
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial property with office component, paved yard, and flexible PUD-authorized commercial uses.
Where is this flex space located?
The property is located at 170 Cumberland Park Dr St Augustine, FL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 5,280‑square‑foot building on 2.195 acres of developable land; 1,680 square feet of office space with 3 half baths; Butler‑style warehouse with 16‑foot eave height
