Palencia Commons End-Unit Office
430 Paseo Reyes Dr St Augustine, FL 32080
For Sale
$499,499
Move-in ready office condo in a strategic business corridor.
Property Size1,152 SF
Price / SF$433.59
Days on Market104
Property Features for 430 Paseo Reyes Dr
General Information
Standard status
Active
Size
1,152 SF
Listing Agency:
ENDLESS SUMMER REALTY
(904) 947-0040
Listed By:
KURT BOGART
(904) 947-0040
Source:
Exprealty
Added: Apr 17
Changed: Jul 10
Last Checked: Jul 29 at 6:56AM
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
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 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 | $27.6k | $24.00 |
| − Vacancy | −$6.1k | −$5.33 |
| EGI | $21.5k | $18.67 |
| − OpEx | −$5.4k | −$4.67 |
| NOI | $16.1k | $14.00 |
1,152 SF · lease $24.00/SF/yr · vacancy 22.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$230.5K
$201.7K – $268.9K
NOI $16,133 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$307.3K
$268.9K – $358.5K
NOI $21,510 @ 7.0% cap · market cap 4.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Move-in ready office condo in a strategic business corridor.
Where is this office units 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 $499,499.
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.**
