New Freestanding Building For
481 Shores Blvd, Saint Augustine, FL 32086
For Sale
Contact for pricing
Newly constructed building in high-demand market, suites available now.
Property Size1,500 SF
Price / SF$2.54
Days on Market176
Property Features for 481 Shores Blvd
General Information
Standard status
Size
Taxes and HOA fees
Annual Taxes
Listing Agency:
Keller Williams Realty Atlantic Partners St Augustine
Listed By:
Frank Perez-Andreu · License FL #3299624
(904) 501-9896
Source:
Exprealty
Added: May 19
Changed: Aug 24
Last Checked: Aug 26 at 1:06PM
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 Keller Williams Realty Atlantic Partners St Augustine
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Investment Insights
Based on property information with market context.
The newly constructed freestanding building at 481 Shores Blvd offers 10,000 square feet available for lease. It can be leased as a full-building opportunity or as configurable multi-tenant suites starting at approximately 1,500 square feet. Constructed in 2025, the property is located within one of St. Augustine's established, high-income residential corridors. It is positioned to serve immediate demand for medical, wellness, and service-based users. The surrounding trade area includes more than 30,000 residents within three miles and over 55,000 within five miles, supported by approximately $2.5 billion in local buying power and population growth exceeding 16 percent. The property features ample parking, easy neighborhood access, and high visibility within a community of over 4,000 homes. The adaptable floor plan is well suited for medical, dental, behavioral health, education, wellness, fitness, professional office, and financial service uses. The area includes more than 17,000 households within three miles, an average household income exceeding $100,000, and an owner-occupied rate of approximately 80 percent. The surrounding population has a median age in the 50s. Ownership is prepared to structure flexible lease terms based on tenant needs, including customized suite configurations, build-out considerations, and both single-tenant and multi-tenant occupancy options. Suites are available now from approximately 1,500 square feet up to 10,000 square feet, with full-building availability for qualified users.
Key Highlights
- Newly constructed 10,000 SF freestanding building in a high‑demand market.
- Located in a high‑income residential corridor with a strong customer base.
- Flexible lease terms and suite configurations available, from 1,500 SF to 10,000 SF.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,975
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,500
$419.5K
Cap Rate 7%
$299,643
$299.6K
Cap Rate 9%
$233,056
$233.1K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$39.1K $26.04/SF
− Vacancy
−$4.1K −$2.73/SF
EGI
$35.0K $23.31/SF
− OpEx
−$14.0K −$9.32/SF
NOI
$21.0K $13.98/SF
Area
St. Johns County, FL
Vacancy
10.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,500
Cap Rate 7%
$299,643
Cap Rate 9%
$233,056
Alternative Uses
Best Use
Office B
$300.1K
$262.6K – $350.1K
NOI $21,006 @ 7.0% cap
Second Best
Healthcare Medical
$299.6K
$262.2K – $349.6K
NOI $20,975 @ 7.0% cap
Theoretical Best
Office A
$400.1K
$350.1K – $466.8K
NOI $28,008 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
70
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32086, FL
31,452
Population
15,696
Households
2
Avg Household Size
51
Median Age
33%
College-Educated
92%
High-School Grad
65.8 sq mi
ZIP Area
478
Density / Sq Mi
$74,508
Median Household Income
$40,571
Median Earnings
$1,536
Median Rent
$342,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Medical Office Space in St. Johns County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Newly constructed building in high-demand market, suites available now.
Where is this medical office space located?
The property is located at 481 Shores Blvd Saint Augustine, FL.
What are key features of this property?
This property features: Newly constructed 10,000 SF freestanding building in a high‑demand market.; Located in a high‑income residential corridor with a strong customer base.; Flexible lease terms and suite configurations available, from 1,500 SF to 10,000 SF.
