Open-Plan Retail
For Sale
$1,375,000
Pending
1915 A1a S Retail Condo # Retail Condo, Saint Augustine, FL 32080
The space currently functions as additional banquet capacity for a neighboring restaurant.
Property Size4,000 SF
Days on Market14
Property Features for 1915 A1a S Retail Condo # Retail Condo
General Information
Standard status
Pending
Size
4,000 SF
Zoning
Commercial
Additional Details
Corner Location
Yes
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$23,213
Amenities
2
1
No
Other
0.59
Parking Lot,Unassigned
Building Details
Year Built
1984
Stories
1
Listing Agency:
COLDWELL BANKER PREMIER PROPERTIES
(904) 392-5151
Listed By:
ERIC MAIMO · License #3254822
(904) 537-6443
Source:
Heymannwilliams
Added: Oct 21
Changed: Oct 31
Last Checked: Oct 31 at 2:33AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,000-square-foot retail condominium has an open interior and Commercial zoning. Built in 1984, it is currently used as overflow banquet space for an adjacent restaurant. The open layout provides a flexible interior configuration for commercial occupancy.
Key Highlights
- 4,000 square feet of retail condominium space
- Open interior layout
- Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,209
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$904,180
$904.2K
Cap Rate 7%
$645,843
$645.8K
Cap Rate 9%
$502,322
$502.3K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$72.0K $18.00/SF
− Vacancy
−$7.4K −$1.85/SF
EGI
$64.6K $16.15/SF
− OpEx
−$19.4K −$4.84/SF
NOI
$45.2K $11.30/SF
Area
St. Johns County, FL
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$904,180
Cap Rate 7%
$645,843
Cap Rate 9%
$502,322
Alternative Uses
Best Use
Retail
$645.8K
$565.1K – $753.5K
NOI $45,209 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$933.6K – $1.24M
NOI $74,688 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
1k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Truist
Shops & Services
1,127 visits/mo
0.3 miles
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
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The space currently functions as additional banquet capacity for a neighboring restaurant.
Where is this retail space located?
The property is located at 1915 A1a S Retail Condo # Retail Condo Saint Augustine, FL.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: 4,000 square feet of retail condominium space; Open interior layout; Commercial zoning
