End-Unit Office
For Sale
$469,499
430 PASEO REYES Drive, St Augustine, FL 32095
Commercial Sale, St. Augustine, FL
Property Size1,152 SF
Price / SF$407.55
Days on Market193
Property Features for 430 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
Subdivision
Palencia
Lot features
Corner Lot
Directions
From Philips Hwy (US-1 S) head south for about 7.9 miles. Turn left onto Regalo Rd. Make a left into the parking lot of Paseo Reyes Drive. The unit is on the northeast corner of the property.
Standard status
Active
APN
0724241501
Size
1,152 SF
Additional Details
Property Use
Office
Condition
Turnkey
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5840
HOA Fee
$345 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2023
Floors in Building
1
Number of units
1
Flooring type
Tile, Carpet, Laminate
Roof type
Barrel
Listing Agency:
ENDLESS SUMMER REALTY
(904) 461-8878
Listed By:
KURT BOGART
(904) 947-0040
Added: Apr 17
Changed: Oct 24
Last Checked: Oct 26 at 12:06AM
MLS# 2140637
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.
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Investment Insights
Based on property information with market context.
This 1,152-square-foot office condo is configured as an end unit with five private offices, a reception area, one bathroom, and a kitchenette. Additional windows and fewer shared walls provide natural light and separation within the suite. Interior finishes include tile, carpet, and laminate flooring, with central heating and central air conditioning. Built in 2023, the property features Spanish-style architecture and a barrel roof.
The office is located at 430 Paseo Reyes Drive in Palencia, St. Augustine, within St. Johns County. Assigned spaces and parking-lot access serve the property, while public water and public sewer are available. The suite is positioned in a business corridor surrounded by residential rooftops and ongoing development.
The office is located at 430 Paseo Reyes Drive in Palencia, St. Augustine, within St. Johns County. Assigned spaces and parking-lot access serve the property, while public water and public sewer are available. The suite is positioned in a business corridor surrounded by residential rooftops and ongoing development.
Key Highlights
- 1,152 SF end‑unit office condo built in 2023
- Five private offices with reception area, kitchenette, and bathroom
- Spanish‑style architecture with a barrel roof
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.
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Five private offices, reception, kitchenette, and bathroom support an efficient professional workspace.
Where is this office unit located?
The property is located at 430 PASEO REYES Drive 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: 1,152 SF end‑unit office condo built in 2023; Five private offices with reception area, kitchenette, and bathroom; Spanish‑style architecture with a barrel roof
