Building Details

Year Built 1925

Buildings 1

Tenancy Single

Listing Agency: ENDLESS SUMMER REALTY

Listed By: GREGORY MCCARTHY · License #3302799 Show Phone

Source: Myfirstcoasthomesearch

Added: Jan 28 Changed: Oct 1 Last Checked: Oct 20 at 9:55PM

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Investment Insights

Based on property information with market context.

This 1,920-square-foot mixed-use property, built in 1925, has been extensively restored with a new roof, windows, electrical system, plumbing, and siding. The first floor is leased for office use through October 2026. A furnished two-bedroom apartment occupies the upper level and operates as a vacation rental, with nearly 250 booked nights each year.

The property is located within easy reach of St. Augustine’s historic district, dining, and local attractions. Its two-level configuration brings together an established office tenancy and an upstairs residential rental component in a single building. Showings are available by appointment.

Key Highlights

• 1,920‑square‑foot mixed‑use property built in 1925
• First‑floor office lease runs through October 2026
• Furnished two‑bedroom apartment on the upper level

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,888

Cap Rate

4.14%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$537,760 $537.8K

Cap Rate 7%

$384,114 $384.1K

Cap Rate 9%

$298,756 $298.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,920 SF

Gross rent

$46.1K $24.00/SF

− Vacancy

−$10.2K −$5.33/SF

EGI

$35.9K $18.67/SF

− OpEx

−$9.0K −$4.67/SF

NOI

$26.9K $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%

$537,760

Cap Rate 7%

$384,114

Cap Rate 9%

$298,756

Alternative Uses

Best Use

Office B

$384.1K

$336.1K – $448.1K (±1% cap)

NOI $26,888 @ 7.0% cap · market cap 4.14%

Second Best

Mixed Use

$349.7K

$306.0K – $408.0K (±1% cap)

NOI $24,480 @ 7.0% cap · market cap 3.77%

Theoretical Best

Office A

$512.1K

$448.1K – $597.5K (±1% cap)

NOI $35,850 @ 7.0% cap · market cap 5.52%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Design, M.D. Interior Design Sta Flawless Bridal ... Wedding Service The Bardot Hair Salon RockIT Solutions Tech Support Center Staflawless beauty lounge Wedding Service

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Plumbing Service Catering Service Home Appliance Store Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

991

Businesses Nearby

Explore this area Business Placement

Demographics for 32084, FL

34,526

Population

17,839

Households

1.9

Avg Household Size

45

Median Age

32%

College-Educated

91%

High-School Grad

45.1 sq mi

ZIP Area

766

Density / Sq Mi

$72,965

Median Household Income

$38,611

Median Earnings

$1,534

Median Rent

$295,000

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Two-level property combines leased office space with a furnished apartment operating as a vacation rental.

Where is this mixed-use property located?

The property is located at 55 S Dixie Hwy St Augustine, FL.

What is the asking price?

The asking price for this property is $649,000.

What are key features of this property?

This property features: 1,920‑square‑foot mixed‑use property built in 1925; First‑floor office lease runs through October 2026; Furnished two‑bedroom apartment on the upper level