Two-Building Warehouse
New
For Sale
$5,900,000
2449 Dobbs Road, St Augustine, FL 32086
The industrial site contains two separate buildings on a 2.2-acre parcel.
Property Size30,000 SF
Lot Size2.20 Acres
Price / SF$196.67
Days on Market2
Property Features for 2449 Dobbs Road
General Information
Standard status
Active
Size
30,000 SF
Class
Class A
Lot size
2.20 Acres
Property subtype
Industrial
Building Details
Building Size
30,000 SF
Year Built
2025
Buildings
2
Listing Agency:
Pine Street/RPS, LLC
Listed By:
Mark Wainwright · License #508359
(904) 728-1085
Source:
Pinestreetrps
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 1:57AM
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 Pine Street/RPS, LLC
Investment Insights
Based on property information with market context.
This warehouse property consists of two buildings totaling 30,000 SF. The buildings were constructed in 2025 and sit on a 2.2-acre site.
Located at 2449 Dobbs Road in St. Augustine, Florida, the property is identified as an industrial warehouse and distribution asset.
Located at 2449 Dobbs Road in St. Augustine, Florida, the property is identified as an industrial warehouse and distribution asset.
Key Highlights
- 30,000 SF across two buildings
- Built in 2025
- Situated on 2.2 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$257,361
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,147,220
$5.1M
Cap Rate 7%
$3,676,586
$3.7M
Cap Rate 9%
$2,859,567
$2.9M
Market Conditions
NOI Build-Up for 30,000 SF
Gross rent
$320.4K $10.68/SF
− Vacancy
−$17.6K −$0.59/SF
EGI
$302.8K $10.09/SF
− OpEx
−$45.4K −$1.51/SF
NOI
$257.4K $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 Rate 5%
$5,147,220
Cap Rate 7%
$3,676,586
Cap Rate 9%
$2,859,567
Alternative Uses
Best Use
Warehouse
$3.68M
$3.22M – $4.29M
NOI $257,361 @ 7.0% cap · market cap 4.36%
Second Best
Industrial
$3.03M
$2.65M – $3.53M
NOI $211,945 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$8.00M
$7.00M – $9.34M
NOI $560,160 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
292
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - The industrial site contains two separate buildings on a 2.2-acre parcel.
Where is this warehouse located?
The property is located at 2449 Dobbs Road St Augustine, FL.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: 30,000 SF across two buildings; Built in 2025; Situated on 2.2 acres
