Palencia Commons End-Unit Office
For Sale
$469,499
430 Paseo Reyes Dr, St Augustine, FL 32095
Move-in ready office condo in a strategic business corridor.
Property Size1,152 SF
Price / SF$407.55
Days on Market155
Property Features for 430 Paseo Reyes Dr
General Information
Standard status
Active
Size
1,152 SF
Building Details
Year Built
2023
Listing Agency:
ENDLESS SUMMER REALTY
Listed By:
KURT BOGART · License #3409161
(904) 947-0040
Source:
Onewinningteam
Added: May 25
Changed: Oct 25
Last Checked: Oct 7 at 2:31PM
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 ENDLESS SUMMER REALTY
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This end-unit office condo is located in Palencia Commons. The property offers visibility, privacy, and a professional image. The corner unit has more windows, natural light, and fewer shared walls. Inside, the space includes five private offices, a reception area, a private bathroom, and a kitchenette. The building features Spanish-style architecture. The property is located in the heart of Palencia, surrounded by affluent rooftops and steady traffic. The property size is 1152 square feet. This professional space is move-in ready and intended for office use.
Key Highlights
- Strategic location in Palencia Commons, a high‑growth business corridor in St. Johns County.
- End‑unit office condo offering enhanced visibility, privacy, and abundant natural light.**
- Turn‑key professional space featuring five private offices, reception area, private bathroom, and functional kitchenette.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,133
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$322,660
$322.7K
Cap Rate 7%
$230,471
$230.5K
Cap Rate 9%
$179,256
$179.3K
Market Conditions
NOI Build-Up for 1,152 SF
Gross rent
$27.6K $24.00/SF
− Vacancy
−$6.1K −$5.33/SF
EGI
$21.5K $18.67/SF
− OpEx
−$5.4K −$4.67/SF
NOI
$16.1K $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 Rate 5%
$322,660
Cap Rate 7%
$230,471
Cap Rate 9%
$179,256
Alternative Uses
Best Use
Office B
$230.5K
$201.7K – $268.9K
NOI $16,133 @ 7.0% cap · market cap 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$307.3K
$268.9K – $358.5K
NOI $21,510 @ 7.0% cap · market cap 4.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Move-in ready office condo in a strategic business corridor.
Where is this office unit located?
The property is located at 430 Paseo Reyes Dr St Augustine, FL.
What is the asking price?
The asking price for this property is $469,499.
What are key features of this property?
This property features: Strategic location in Palencia Commons, a high‑growth business corridor in St. Johns County.; End‑unit office condo offering enhanced visibility, privacy, and abundant natural light.**; Turn‑key professional space featuring five private offices, reception area, private bathroom, and functional kitchenette.**
