Warehouse with Buildable
New
For Sale
$1,100,000
2310 DOBBS Road, St Augustine, FL 32086
Commercial Sale, St. Augustine, FL
Property Size5,000 SF
Lot Size0.78 Acres
Price / SF$220
Days on Market3
Property Features for 2310 DOBBS Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Industrial
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 1, Bathroom 2, Bathroom 4
Parking features
Off Street, Parking Lot
Fencing
Chain Link
Lot features
Few Trees
Directions
FROM CR207 TURN ONTO DOBBS RD CUTOFF, THEN RIGHT ONTO DOBBS RD, PROCEED APPROXIMATELY 1/2 MILE, BUILDING ON LEFT.
Subdivision
337-Old Moultrie Rd/Wildwood
Standard status
Active
APN
1017600040
Size
5,000 SF
Lot size
0.78 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7264
Utilities
Utilities
Water Available
Sewer type
Septic Tank
Cooling system
Separate Meters
Water source
Well
Building Details
Year built
1987
Floors in Building
1
Number of units
2
Flooring type
Concrete
Roof type
Metal
Listing Agency:
FLORIDA HOMES REALTY & MTG LLC
(904) 996-9115
Listed By:
ANTHONY BOSCO
(904) 553-0240
Added: Sep 3
Changed: Sep 4
Last Checked: Sep 5 at 6:06PM
MLS# 2163554
Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 0.78-acre property includes a 5,000-square-foot steel-frame warehouse with metal siding, a concrete slab, two 10-foot by 10-foot roll-up doors, and approximately 14 feet of clear height. The building is divided into two separate suites: an approximately 2,000-square-foot occupied space and an approximately 3,000-square-foot vacant space. Each suite includes an office and two toilet rooms.
The southern portion of the parcel is vacant, buildable land. Partially completed plans for a proposed 5,000 SF metal building are available, with the plans approximately 60% complete. The property has access to CR207, US1, and US95, and is served by well water and a septic tank. The metal roof was repaired and recoated in 2024, with 8 yrs left on its 10 yr warranty.
The southern portion of the parcel is vacant, buildable land. Partially completed plans for a proposed 5,000 SF metal building are available, with the plans approximately 60% complete. The property has access to CR207, US1, and US95, and is served by well water and a septic tank. The metal roof was repaired and recoated in 2024, with 8 yrs left on its 10 yr warranty.
Key Highlights
- 0.78‑acre parcel with an existing warehouse and vacant, buildable southern half
- 5,000‑square‑foot steel‑frame, metal‑sided warehouse built in 1987
- 2 -10‑fT by 10‑FT roll‑up doors and approximately 14‑foot clear height
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,894
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$857,880
$857.9K
Cap Rate 7%
$612,771
$612.8K
Cap Rate 9%
$476,600
$476.6K
Market Conditions
NOI Build-Up for 5,000 SF
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.
Gross rent
$53.4K $10.68/SF
− Vacancy
−$2.9K −$0.59/SF
EGI
$50.5K $10.09/SF
− OpEx
−$7.6K −$1.51/SF
NOI
$42.9K $8.58/SF
Area
St. Johns County, FL
Vacancy
5.50%
Lease Rate
$10.68 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$857,880
Cap Rate 7%
$612,771
Cap Rate 9%
$476,600
Alternative Uses
Best Use
Warehouse
$612.8K
$536.2K – $714.9K
NOI $42,894 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.33M
$1.17M – $1.56M
NOI $93,360 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
40%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
984
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32086, FL
31,452
Population
15,696
Households
2
Avg Household Size
51
Median Age
33%
College-Educated
92%
High-School Grad
65.8 sq mi
ZIP Area
478
Density / Sq Mi
$74,508
Median Household Income
$40,571
Median Earnings
$1,536
Median Rent
$342,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - IW-zoned property combines existing industrial space with a vacant development area.
Where is this warehouse located?
The property is located at 2310 DOBBS Road St Augustine, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 0.78‑acre parcel with an existing warehouse and vacant, buildable southern half; 5,000‑square‑foot steel‑frame, metal‑sided warehouse built in 1987; 2 -10‑fT by 10‑FT roll‑up doors and approximately 14‑foot clear height
