Office Spaces for
For Sale
$869,500
544 MARKET Street, St Augustine, FL 32095
For-sale office units offering flexible professional space on Market Street in St. Augustine.
Property Size3,916 SF
Price / SF$222.04
Days on Market142
Property Features for 544 MARKET Street
General Information
Standard status
Active
Size
3,916 SF
Zoning
Multi Family
Taxes and HOA fees
Annual Taxes
$8,893
Amenities
Clubhouse, Dog Park, Fitness Center, Jogging Path, Maintenance Grounds, Park, Playground, Shuffleboard Court, Spa/Hot Tub, Tennis Court(s)
Central Air
Garage, Off Street
Building Details
Year Built
2007
Stories
3
Listing Agency:
Magnolia Point Realty Inc.
Listed By:
DOUGLAS SENECAL · License #3539193
(478) 390-3531
Source:
Evrealestate
Added: Jun 1
Changed: Sep 4
Last Checked: Aug 20 at 3:58AM
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 Magnolia Point Realty Inc.
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Investment Insights
Based on property information with market context.
This for-sale offering consists of office units and office spaces totaling 3,916 square feet at 544 Market Street. The property is presented as a commercial office use, suitable for organizations that need dedicated working space and the ability to operate from a standalone address.
The site is located in St. Johns County. The provided directions route from I-95 to International Golf, then to Palencia Drive, and finally to Market Street, offering straightforward access for prospective tenants and visitors.
With its office-focused configuration and mid-sized footprint, the property can appeal to a range of professional users, including firms seeking private space for day-to-day operations. It may also fit investors or owner-operators looking for an office asset where the primary consideration is supporting a business use from a dedicated street address. Buyers can evaluate the layout and unit mix in detail to confirm how the space best aligns with their operational needs and leasing goals.
The site is located in St. Johns County. The provided directions route from I-95 to International Golf, then to Palencia Drive, and finally to Market Street, offering straightforward access for prospective tenants and visitors.
With its office-focused configuration and mid-sized footprint, the property can appeal to a range of professional users, including firms seeking private space for day-to-day operations. It may also fit investors or owner-operators looking for an office asset where the primary consideration is supporting a business use from a dedicated street address. Buyers can evaluate the layout and unit mix in detail to confirm how the space best aligns with their operational needs and leasing goals.
Key Highlights
- For‑sale office units on Market Street in St. Augustine (St. Johns County)
- Built in 2007
- Central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,840
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,096,800
$1.1M
Cap Rate 7%
$783,429
$783.4K
Cap Rate 9%
$609,333
$609.3K
Market Conditions
NOI Build-Up for 3,916 SF
Gross rent
$94.0K $24.00/SF
− Vacancy
−$20.9K −$5.33/SF
EGI
$73.1K $18.67/SF
− OpEx
−$18.3K −$4.67/SF
NOI
$54.8K $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%
$1,096,800
Cap Rate 7%
$783,429
Cap Rate 9%
$609,333
Alternative Uses
Best Use
Office B
$783.4K
$685.5K – $914.0K
NOI $54,840 @ 7.0% cap · market cap 6.31%
Second Best
—
—
no second resolved use
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
192
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - For-sale office units offering flexible professional space on Market Street in St. Augustine.
Where is this office unit 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: For‑sale office units on Market Street in St. Augustine (St. Johns County); Built in 2007; Central air conditioning
