Office Condo with Five Private
For Sale
$489,499
414 PASEO REYES Drive, St Augustine, FL 32095
SINGLE_FAMILY - St. Augustine, FL
Property Size1,139 SF
Price / SF$429.76
Days on Market47
Property Features for 414 PASEO REYES Drive
General Information
Property type
Residential
Property subtype
Office
Zoning description
Professional/Office
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Parking Lot, Assigned
Directions
Take I-95 South toward Saint Augustine and get off at Exit 323 for International Golf Parkway/World Golf Village. Turn left onto International Golf Parkway and continue east toward Palencia. From there, turn right onto U.S. 1 South, then turn left onto Palencia Village Drive. Continue into the Palencia Commons area and turn onto Paseo Reyes Drive. The Prof Center at Palencia Commons Condo #414.
Subdivision
312-Palencia Area
Standard status
Active
APN
0724241303
Size
1,139 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5571
HOA Fee
$345 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2024
Floors in Building
1
Number of units
1
Roof type
Barrel
Listing Agency:
ENDLESS SUMMER REALTY
(904) 461-8878
Listed By:
KURT BOGART
(904) 947-0040
Added: Jun 16
Changed: Jul 7
Last Checked: Aug 1 at 6:06AM
MLS# 2150913
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 move-in ready office condo at 414 Paseo Reyes Drive is configured for professional use, with five private offices, a welcoming reception area, a private restroom, and a functional kitchenette. The layout supports both client-facing meetings and day-to-day administrative work, with dedicated rooms for private consultations and team operations.
The property is located in the Palencia Commons professional district in northern St. Augustine, with nearby residential communities and established commercial activity. Access is described as convenient to U.S. 1 and International Golf Parkway, which can be important for client visits and routine business travel.
For a buyer or tenant seeking an office suite that is ready to operate immediately, the existing configuration offers multiple enclosed workspaces plus a reception area for greeting visitors. The private restroom and kitchenette add day-to-day convenience without requiring shared common-area access. Whether you are expanding an existing practice, opening a satellite office, or looking for an owner-occupied setup, this condo provides a straightforward, efficient footprint centered on private offices and client-ready reception space.
The property is located in the Palencia Commons professional district in northern St. Augustine, with nearby residential communities and established commercial activity. Access is described as convenient to U.S. 1 and International Golf Parkway, which can be important for client visits and routine business travel.
For a buyer or tenant seeking an office suite that is ready to operate immediately, the existing configuration offers multiple enclosed workspaces plus a reception area for greeting visitors. The private restroom and kitchenette add day-to-day convenience without requiring shared common-area access. Whether you are expanding an existing practice, opening a satellite office, or looking for an owner-occupied setup, this condo provides a straightforward, efficient footprint centered on private offices and client-ready reception space.
Key Highlights
- Office condo in the Palencia Commons professional district at 414 Paseo Reyes Drive
- Move‑in ready layout with 5 private offices plus a welcoming reception area
- Includes a private restroom and a functional kitchenette
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.3k | $24.00 |
| − Vacancy | −$6.1k | −$5.33 |
| EGI | $21.3k | $18.67 |
| − OpEx | −$5.3k | −$4.67 |
| NOI | $16.0k | $14.00 |
1,139 SF · lease $24.00/SF/yr · vacancy 22.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$227.9K
$199.4K – $265.9K
NOI $15,951 @ 7.0% cap · market cap 3.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$303.8K
$265.8K – $354.5K
NOI $21,267 @ 7.0% cap · market cap 4.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
289
Businesses Nearby
Explore this area
Business Placement
Demographics for 32095, FL
16,607
Population
6,997
Households
2.4
Avg Household Size
42
Median Age
53%
College-Educated
96%
High-School Grad
57.4 sq mi
ZIP Area
289
Density / Sq Mi
$124,556
Median Household Income
$51,986
Median Earnings
$1,576
Median Rent
$485,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Move-in ready office condo with five private offices, reception, restroom, and kitchenette with convenient road access.
Where is this office units located?
The property is located at 414 PASEO REYES Drive St Augustine, FL.
What is the asking price?
The asking price for this property is $489,499.
What are key features of this property?
This property features: Office condo in the Palencia Commons professional district at 414 Paseo Reyes Drive; Move‑in ready layout with 5 private offices plus a welcoming reception area; Includes a private restroom and a functional kitchenette
