Medical Office
For Sale
$450,000
315 West Town Place Saint, Saint Augustine, FL 32092
Built in 2007, the unit offers a professional setting near I-95 and retail, services, and residential areas.
Property Size1,463 SF
Days on Market117
Property Features for 315 West Town Place Saint
General Information
Standard status
Active
Size
1,463 SF
Class
B
Property subtype
Medical/Healthcare
Additional Details
Highway Access
Yes
Building Details
Building Size
1,463 SF
Year Built
2007
Properties For Sale
at 315 West Town Place Saint Contact us- Size
- 1,463 SF
- Lease Type
- NNN
Unit #3
Listing Agency:
Coldwell Banker Premier Properties
(904) 537-6443
Listed By:
Eric Maimo · License #3254822
(904) 537-6443
Source:
Thebrokerlist
Added: May 7
Changed: Aug 30
Last Checked: Aug 30 at 4:22AM
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
Investment Insights
Based on property information with market context.
This medical office unit in St. Augustine provides a professional setting for healthcare, wellness, and specialty practice uses. The property was built in 2007 and is positioned within the World Golf Village area, offering an office environment suited to medical-related operations.
The location is just off the International Golf Parkway corridor with access to I-95. Retail, services, surrounding businesses, and residential communities are nearby, adding convenience for occupants and visitors. The property is located at 315 West Town Place, St. Augustine, FL 32092.
The location is just off the International Golf Parkway corridor with access to I-95. Retail, services, surrounding businesses, and residential communities are nearby, adding convenience for occupants and visitors. The property is located at 315 West Town Place, St. Augustine, FL 32092.
Key Highlights
- Medical office unit in St. Augustine
- Built in 2007
- Located in the World Golf Village area
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
$20,488
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
4.55%
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%
$409,760
$409.8K
Cap Rate 7%
$292,686
$292.7K
Cap Rate 9%
$227,644
$227.6K
Market Conditions
NOI Build-Up for 1,463 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
$35.1K $24.00/SF
− Vacancy
−$7.8K −$5.33/SF
EGI
$27.3K $18.67/SF
− OpEx
−$6.8K −$4.67/SF
NOI
$20.5K $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 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%
$409,760
Cap Rate 7%
$292,686
Cap Rate 9%
$227,644
Alternative Uses
Best Use
Office B
$292.7K
$256.1K – $341.5K
NOI $20,488 @ 7.0% cap · market cap 4.55%
Second Best
Healthcare Medical
$278.1K
$243.3K – $324.4K
NOI $19,466 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$390.2K
$341.5K – $455.3K
NOI $27,317 @ 7.0% cap · market cap 6.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
367
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32092, FL
43,691
Population
18,403
Households
2.4
Avg Household Size
40
Median Age
49%
College-Educated
94%
High-School Grad
124.1 sq mi
ZIP Area
352
Density / Sq Mi
$122,655
Median Household Income
$58,855
Median Earnings
$2,087
Median Rent
$464,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- NewDay Veterinary Care — 291 Center Pl Way, St. Augustine, FL 32095
- Animal Medical Clinic — 425 W Town Pl # 128, St. Augustine, FL 32092
- Driftwood Veterinary Hospital — 533 W Twincourt Trail Suite 706, St. Augustine, FL 32095
Frequently Asked Questions
What type of property is this?
Medical Office Space - Built in 2007, the unit offers a professional setting near I-95 and retail, services, and residential areas.
Where is this medical office space located?
The property is located at 315 West Town Place Saint Saint Augustine, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Medical office unit in St. Augustine; Built in 2007; Located in the World Golf Village area
