Medical Office Building with Suite
For Sale
$1,499,900
6 Saint Johns Medical Park Dr, St Augustine, FL 32086
Professional office property offering full-building occupancy or separate availability for Suites A and B.
Property Size4,028 SF
Price / SF$372.37
Days on Market256
Property Features for 6 Saint Johns Medical Park Dr
General Information
Standard status
Active
Size
4,028 SF
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$9,893
Listing Agency:
SET YOUR ANCHOR REALTY
(904) 417-8797
Listed By:
CHRISTINE M SCHEUTZOW · License #0659809
(904) 993-1436
Source:
Exprealty
Added: Dec 20, 2025
Changed: Aug 31
Last Checked: Sep 1 at 8:36PM
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 SET YOUR ANCHOR REALTY
Investment Insights
Based on property information with market context.
This medical office property is configured for professional practice use and can accommodate an occupant seeking the full building or separate access to Suites A and B. The property size is listed as 4,028, with the unit of measurement not specified in the available information.
Located within a professional office park on a private road, the property has signage exposure on US 1. UF Flagler Hospital, pharmacies, banks, and other professional services are nearby, supporting a medical and professional-services setting.
Located within a professional office park on a private road, the property has signage exposure on US 1. UF Flagler Hospital, pharmacies, banks, and other professional services are nearby, supporting a medical and professional-services setting.
Key Highlights
- Medical Office Space classification
- 4,028 property size as listed
- Full‑building occupancy or separate Suites A and B
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$56,408
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,128,160
$1.1M
Cap Rate 7%
$805,829
$805.8K
Cap Rate 9%
$626,756
$626.8K
Market Conditions
NOI Build-Up for 4,028 SF
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.
Gross rent
$96.7K $24.00/SF
− Vacancy
−$21.5K −$5.33/SF
EGI
$75.2K $18.67/SF
− OpEx
−$18.8K −$4.67/SF
NOI
$56.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,128,160
Cap Rate 7%
$805,829
Cap Rate 9%
$626,756
Alternative Uses
Best Use
Office B
$805.8K
$705.1K – $940.1K
NOI $56,408 @ 7.0% cap · market cap 3.76%
Second Best
Healthcare Medical
$765.6K
$669.9K – $893.3K
NOI $53,595 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$1.07M
$940.1K – $1.25M
NOI $75,211 @ 7.0% cap · market cap 5.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
462
Businesses Nearby
Balanced
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Professional office property offering full-building occupancy or separate availability for Suites A and B.
Where is this medical office space located?
The property is located at 6 Saint Johns Medical Park Dr St Augustine, FL.
What is the asking price?
The asking price for this property is $1,499,900.
What are key features of this property?
This property features: Medical Office Space classification; 4,028 property size as listed; Full‑building occupancy or separate Suites A and B
