Building Details

Building Size 4,048 SF

Year Built 1964

Listing Agency: Matthews

Listed By: Jessica Humphreys · License #SL3654878 (FL) Show Phone

Source: Matthews

Added: Jun 23 Changed: Oct 1 Last Checked: Oct 23 at 3:17AM

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Investment Insights

Based on property information with market context.

Offered for sale as an owner-user opportunity, this restaurant property is described as a proven and historic restaurant location. The asset totals 4,048 sq. ft., and is categorized for restaurant use, including breakfast and diner concepts.

The property is located at 604 Anastasia Boulevard in St. Augustine, Florida (32080).

Key Highlights

• Offered for sale as an owner‑user restaurant location on Anastasia Boulevard
• Year built: 1964

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$49,019

Cap Rate

2.88%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$980,380 $980.4K

Cap Rate 7%

$700,271 $700.3K

Cap Rate 9%

$544,656 $544.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,048 SF

Gross rent

$72.9K $18.00/SF

− Vacancy

−$7.5K −$1.85/SF

EGI

$65.4K $16.15/SF

− OpEx

−$16.3K −$4.04/SF

NOI

$49.0K $12.11/SF

Area

St. Johns County, FL

Vacancy

10.30%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$980,380

Cap Rate 7%

$700,271

Cap Rate 9%

$544,656

Alternative Uses

Best Use

Specialty Retail

$700.3K

$612.7K – $817.0K (±1% cap)

NOI $49,019 @ 7.0% cap · market cap 2.88%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.08M

$944.8K – $1.26M (±1% cap)

NOI $75,584 @ 7.0% cap · market cap 4.45%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Cheba Hut Toasted ... Take-out & Catering The Cheesy Chess Club Charitable Organization

Suggested Use

Top Pick Building Supply Parking Lot & Garage Hair Salon Pharmacy (Bike/Boat/Book/etc) Store Skin Care Clinic

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

Location Intelligence

Trade Area within ½ mile

450

Businesses Nearby

36k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 58% Shops & Services 34% Hotels & Casinos 8%

Mellow Mushroom Dining

15,325 visits/mo 0.3 miles

Circle K Shops & Services

10,886 visits/mo 0.1 miles

Cheba Hut Dining

5,735 visits/mo 0.1 miles

Holiday Inn Express St. Augustine - Historic Hotels & Casinos

2,970 visits/mo 0.1 miles

U-Haul Shops & Services

1,392 visits/mo 0.2 miles

Demographics for 32080, FL

21,889

Population

16,658

Households

1.3

Avg Household Size

57

Median Age

50%

College-Educated

96%

High-School Grad

15.7 sq mi

ZIP Area

1,394

Density / Sq Mi

$91,201

Median Household Income

$49,302

Median Earnings

$1,631

Median Rent

$497,500

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Similar Off Market Nearby

• Anastasia Kitchen — 900 Anastasia Blvd E1, St. Augustine, FL 32080
• Skittles shack — 22 Comares Ave S, St. Augustine, FL 32080

Frequently Asked Questions

What type of property is this?

Breakfast & diner - Offered for sale as an owner-user restaurant location on Anastasia Boulevard.

Where is this breakfast & diner located?

The property is located at 604 Anastasia Blvd St Augustine, FL.

What is the asking price?

The asking price for this property is $1,700,000.

What are key features of this property?

This property features: Offered for sale as an owner‑user restaurant location on Anastasia Boulevard; Year built: 1964