Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Prime PUD-Zoned Land Opportunity Title is generated by Realmo AI

    3229 State Road 207, Elkton, FL 32033

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,599,000

    LAND - Elkton, FL

    Property size:
    900 SF
    Lot size:
    2.07 Acres
    Price / SF:
    $1,776/SF
    Added:
    Mar 19, 2025
    Days on Market:
    429
    Last Refresh:
    May 21 at 2:06 pm

    Property Features for 3229 State Road 207

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    137370-0000
    Size
    900 SF
    Lot size
    2.07 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    3-1 PT OF NW1/4 LYING N OF RD 207 (EX 0.4AC R/W OF RD 207) (EX ADD'L R/W IN OR1599/810) OR4336/45
    Tax Annual Amount
    1800

    Utilities

    Water source
    Public

    Building Details

    Year built
    2012
    Floors in Building
    1

    We can help!

    Listing Contact
    JIM WAULDRON

    Listing agent JIM WAULDRON

    Listing office Coldwell Banker Premier Properties (A1A Beach) 661 A1A Beach Blvd, St. Augustine Beach, FL

    Listing date Mar 19, 2025

    MLS# 251650

    Copyright © 2026 St. Augustine & St. John's County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime 2.07‑acre PUD‑zoned land in a rapidly growing North Florida corridor.
    • Located on State Hwy 207, just 1 mile west of I‑95, offering excellent accessibility.
    • Zoned for neighborhood commercial use, suitable for restaurant, retail, or medical facility.
    • High visibility with 360 feet of frontage on Hwy 207 and impressive traffic counts.
    • Surrounded by significant new developments, including Parrish Farms, a casino, and a Publix shopping center.
    • Existing 900 sq. ft. renovated home (built in 2012) suitable for office use or removal.

    Overview

    This 2.07-acre property is zoned PUD and located on State Hwy 207, just 1 mile west of I-95, in a rapidly growing North Florida corridor. The site is surrounded by thriving neighborhoods and is positioned for growth. The area features new auto dealerships, a casino, a modern police and fire station, a revamped golf course, a county water plant, industrial projects, a 12,000 sq ft rum distillery, and a new shopping center. The 2,800-acre mixed-use development sits across Hwy 207, enhancing the location's potential. Zoned for neighborhood commercial use, the site is suitable for a restaurant, retail space, or medical facility. An existing 900 sq.ft. home, built in 2012 and renovated inside, could serve as an office or be removed. The property features 360 feet of Hwy 207 frontage and impressive traffic counts.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Building Supply Auto Repair Shop Gym & Fitness Center Auto Parts Store Department Store Kitchen & Bath Showroom Discount Store Furniture & Home Goods Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elkton
    County
    St. Johns
    State
    Florida
    Longitude
    -81.39293
    Latitude
    29.812412

    Nearby Similar for Sale

    • $70,000

      Residential Land in Vermont Heights

      0.39-acre parcel in established, quiet community, ideal for building.
      3300 12TH Street, Elkton, FL 32033
      View Details
    • $460,000
      612,018 SF

      St. Johns County Acreage

      14.05 acres in desirable St. Johns County location.
      4405 State Road 206 West, Elkton, FL 32033
      View Details
    • $499,999

      Land For Sale

      Land available in Elkton, Florida.
      3663 SMARTY JONES Lane, Elkton, FL 32033
      View Details
    • $10,534,624
      46,200 SF

      Single-Tenant Industrial Facility For Sale

      46,200 sq ft industrial facility in Elkton, Florida.
      4010 Deerpark Blvd, Elkton, FL 32033
      View Details
    • $225,000

      Cleared Land on SR 207

      0.64 acres of commercial land with SR 207 frontage.
      3357 State Road 207, Elkton, FL 32033
      View Details
    • $13,000

      Land in Elkton, Florida

      Land for sale near St. Augustine, Florida.
      LOTS 1, 2, 3 AND 4 DAVIS AVE, ELKTON, FL 32033
      View Details
    • $159,900

      Land For Sale in Elkton

      2.8 acre land parcel available in Elkton, Florida.
      6341 BOLLING Lane, Elkton, FL 32033
      View Details
    • $8,500

      Land in Elkton, Florida

      Land for sale near St. Augustine and sandy beaches.
      Tba JONES STREET, ELKTON, FL 32033
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.07 acres of PUD-zoned land in a growing corridor.
    Where is this commercial land located?
    The property is located at 3229 State Road 207 Elkton, FL.
    What is the asking price?
    The asking price for this property is $1,599,000.
    What are key features of this property?
    This property features: Prime 2.07‑acre PUD‑zoned land in a rapidly growing North Florida corridor.; Located on State Hwy 207, just 1 mile west of I‑95, offering excellent accessibility.; Zoned for neighborhood commercial use, suitable for restaurant, retail, or medical facility.
    (904) 687-5939
    We can help!
    Listing Contact
    JIM WAULDRON
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3229 State Road 207, Elkton, FL 32033
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!