Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Commercial Land Opportunity Title is generated by Realmo AI

    5885 State Road 16, Saint Augustine, FL 32092

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Available land for retail, office, medical, or recreational development.

    Type:Commercial
    Lot size:
    10.00 Acres
    Added:
    Jan 27, 2026
    Days on Market:
    115
    Last Refresh:
    Apr 5 at 11:27 pm

    Property Features for 5885 State Road 16

    General Information

    Standard status
    Active
    Lot size
    10.00 Acres
    Property subtype
    Commercial

    We can help!

    Listing Contact
    Colby Sims
    Colby Sims

    Listing agent Colby Sims

    Listing office Newmark Phoenix Realty Group | Jacksonville

    Listing date Jan 27, 2026

    Source Nmrk

    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 Newmark Phoenix Realty Group | Jacksonville

    HighLights

    • Excellent access to SR‑16 and I‑95, providing high visibility and convenient transportation.
    • PUD allows for commercial neighborhood uses, offering flexibility for various development projects.
    • Utilities (water, sewer, and electric) are available to the front of the site, reducing initial development costs.
    • Seller can deliver land cleared and filled, streamlining the construction process.
    • High traffic count (27,000 AADT) on SR‑16, ensuring strong exposure for businesses.
    • Two access points from SR‑16, enhancing accessibility for customers and employees.

    Overview

    Available for sale are two parcels of land, each approximately 5 acres, totaling 10 acres. These lots can be purchased individually or combined. The property benefits from road frontage on State Road 16 and offers convenient access to I-95. Utilities, including water, sewer, and electric, are available at the front of the site. A retention pond is already in place. The PUD allows for commercial neighborhood uses, making it suitable for various development projects. The seller can deliver the land cleared and filled. Development rights allow for approximately 19,000 to 55,000 square feet of construction. An approved site plan is available and can be modified to suit specific needs. This location is ideal for retail, professional and medical offices, or recreational facilities. The area features a heavy retail and restaurant presence near a lighted intersection anchored by two Publix locations. Traffic count on SR-16 is 27,000 AADT, and the property has two access points from SR-16.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Building Supply Gym & Fitness Center Big Box & Wholesale Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Saint Augustine
    County
    St. Johns
    State
    Florida
    Longitude
    -81.5043859
    Latitude
    29.9694408

    Nearby Similar for Sale

    • $470,000

      Vilano Beach Homesite Opportunity

      Coastal homesite in Vilano Beach with marsh and ocean views.
      133 OAK Avenue, Vilano Beach, FL 32084
      View Details
    • $2,350,000
      9,206 SF

      Medical Office Investment Opportunity

      Two-tenant medical office building for sale in Saint Augustine.
      1680 Osceola Elementary Rd, Saint Augustine, FL 32084
      View Details
    • $24
      16,613 SF

      Medical Office Near Flagler Hospital

      Medical office building near Flagler Hospital in St. Augustine.
      200 Southpark Boulevard, Saint Augustine, FL 32086
      View Details
    • $4,420,000
      6,115 SF

      Outback Steakhouse NNN Investment Opportunity

      NNN-leased retail asset with zero landlord responsibilities in St. Augustine.
      245 State Road 312, Saint Augustine, FL
      View Details
    • $5,950,000
      32,329 SF

      World Golf Village Office Building

      32,329± SF office building on 37.09± acres.
      21 World Golf Pl, Saint Augustine, FL
      View Details
    • $4,860,000

      Commercial Land on County Road

      Commercial land with utilities and off-site retention.
      W County Road 210, Saint Augustine, FL
      View Details
    • Contact for pricing
      9,600 SF

      Saint Augustine Leased Office Building

      9,600 SF office building, 100% leased, frontage on US-1.
      2200 N Ponce De Leon Blvd, Saint Augustine, FL
      View Details
    • $7,578,118
      3,302 SF

      New Retail Space For Sale

      New construction retail space with high visibility and accessibility.
      150 Mccoy Way, Saint Augustine, FL
      View Details
    • $575,000

      Retail/Office Space on US1 South

      Retail or office space with high visibility on US1.
      2744 Us Highway 1, 1003, St. Augustine Beach, FL 32086
      View Details
    • $2,000,000

      Corner Parcel Near Future Expressway

      Two-acre corner parcel near the future First Coast Expressway.
      5785 W County Road 210, Saint Augustine, FL
      View Details
    • Contact for pricing
      5,570 SF

      Industrial Property Sale-Leaseback Opportunity

      Industrial property with a guaranteed sale-leaseback from Rentokil North America.
      128 Masters Dr, Saint Augustine, FL
      View Details
    • $585,000

      Land with Frontage on SR-16

      Highly visible land on a busy thoroughfare with rapid growth.
      1565 State Rd 16, Saint Augustine, FL
      View Details

    FAQs

    What type of property is this?
    Commercial land - Available land for retail, office, medical, or recreational development.
    Where is this commercial land located?
    The property is located at 5885 State Road 16 Saint Augustine, FL.
    What are key features of this property?
    This property features: Excellent access to SR‑16 and I‑95, providing high visibility and convenient transportation.; PUD allows for commercial neighborhood uses, offering flexibility for various development projects.; Utilities (water, sewer, and electric) are available to the front of the site, reducing initial development costs.
    (904) 399-5222
    We can help!
    Listing Contact
    Colby Sims
    Colby Sims
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5885 State Road 16 , Saint Augustine, FL 32092
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!