Live-Work Townhome with
544 Market Street St Augustine, FL 32095
544 Market Street, St Augustine, FL, 32095
$869,500
For Sale
$869,500
Townhome setup includes an office on the first floor and a loft apartment above a two-car garage.
Property Size3,916 SF
Price / SF$222.04
Days on Market73
Property Features for 544 Market Street
General Information
- Standard status
- Active
- Size
- 3,916 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2007
Listing agency
EXIT MAGNOLIA POINT REALTY
(478) 390-3531
Listed by
DOUGLAS SENECAL · License #3539193
(478) 390-3531
Source
Giffordproperties
Added: May 11 Updated: Jul 22 at 2:29AM Checked: Jul 22 at 2:29AM
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 EXIT MAGNOLIA POINT REALTY
Investment Insights
Based on property information with market context.
This upscale townhome offers a combined live-work configuration with office space on the first floor and a loft apartment over a two-car garage, along with additional living space on the second and third floors. The property is currently income producing and also has the ability to be used as a short-term rental. Building amenities referenced in the marketing remarks include pools, tennis, a gym, and spa-style features such as a sauna and steam room, plus exercise classes and a Har-Tru tennis facility.
The property is located within the European Village Center in the Market Street District at 544 Market Street, St. Augustine, Florida. The listing describes the area as highly sought out.
For buyers seeking a mixed-use structure with both professional and residential components in one arrangement, the first-floor office and above-garage loft apartment provide a practical separation of uses while keeping the property within a shared amenity setting.
The property is located within the European Village Center in the Market Street District at 544 Market Street, St. Augustine, Florida. The listing describes the area as highly sought out.
For buyers seeking a mixed-use structure with both professional and residential components in one arrangement, the first-floor office and above-garage loft apartment provide a practical separation of uses while keeping the property within a shared amenity setting.
Key Highlights
- Built in 2007 upscale townhome with office on the 1st floor and loft apartment above a 2‑car garage
- Located in the European Village Center within the Market Street District
- Property includes access to on‑site pools, tennis, gym, sauna, and steam room
Local 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 | $94.0k | $24.00 |
| − Vacancy | −$20.9k | −$5.33 |
| EGI | $73.1k | $18.67 |
| − OpEx | −$18.3k | −$4.67 |
| NOI | $54.8k | $14.00 |
3,916 SF · lease $24.00/SF/yr · vacancy 22.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$783.4K
$685.5K – $914.0K
NOI $54,840 @ 7.0% cap · market cap 6.31%
Second Best
Mixed Use
$713.3K
$624.1K – $832.2K
NOI $49,929 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$1.04M
$914.0K – $1.22M
NOI $73,120 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Townhome setup includes an office on the first floor and a loft apartment above a two-car garage.
Where is this live-work space located?
The property is located at 544 Market Street St Augustine, FL.
What is the asking price?
The asking price for this property is $869,500.
What are key features of this property?
This property features: Built in 2007 upscale townhome with office on the 1st floor and loft apartment above a 2‑car garage; Located in the European Village Center within the Market Street District; Property includes access to on‑site pools, tennis, gym, sauna, and steam room
