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Work-Live Townhome with Office

634 MARKET Street St Augustine, FL 32095

Claim this Listing
New
For Sale
$797,000

MULTI_FAMILY - St. Augustine, FL

Property size:
3,916 SF
Lot size:
0.25 Acres
Price / SF:
$203/SF
Added:
Jul 11, 2026
Days on Market:
1
Last Refresh:
Jul 11 at 1:06 pm

Property Features for 634 MARKET Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
3
Rooms
Bathroom 2, Bathroom 4, Bathroom 3, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 3
Parking features
Garage, Open
Security features
Security System
Exterior features
Balcony
Appliances
Dishwasher, Disposal, Dryer, Electric Oven, Freezer, Ice Maker, Microwave, Refrigerator, Washer
Standard status
Active
APN
0720950110
Size
3,916 SF
Lot size
0.25 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
10405

Utilities

Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public

Building Details

Year built
2014
Floors in Building
3
Number of units
3
Flooring type
Tile, Laminate, Carpet
Building materials
Block, Stucco
Roof type
Tile

Listing agent CHARIS WILDMAN License #3276196

Listing office EXP REALTY LLC 10752 DEERWOOD PARK BLVD SUITE 100, Jacksonville, FL

Listing date Jul 11, 2026

MLS# 2154955 Listing URL

Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

Located at 634 Market Street within Crosswinds at Palencia in St. Augustine, this tri-level work/live townhome combines commercial office space with multiple residential units. The first floor includes commercial office space plus an above-garage studio apartment. The second story features a living space with a modern, bright kitchen with granite countertops and an oversized great room. The third floor offers two ensuite bedrooms with multiple walk-in closets, walk-in showers, and an adjacent laundry room. A separate studio apartment sits over a two-car garage across the courtyard.

Community amenities listed for Crosswinds at Palencia include a clubhouse, golf, tennis, pool, and a fitness center, along with shops within walking distance. The property is configured as a three-unit setup, with 2 of 3 units rented.

Key Highlights

  • Tri‑level work/live townhome with first‑floor commercial office plus above‑garage studio apartment
  • Second‑story living space with modern bright kitchen and granite countertops, oversized great room
  • Third‑floor layout includes two ensuite bedrooms with multiple walk‑in closets, walk‑in showers, and an adjacent laundry room

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $94.0k $24.00
− Vacancy −$20.9k −$5.33
EGI $73.1k $18.67
− OpEx −$18.3k −$4.67
NOI $54.8k $14.00
3,916 SF · lease $24.00/SF/yr · vacancy 22.20% · expense 25.00%

Alternative Uses

Best Use
Office B
$783.4K
$685.5K – $914.0K (±1% cap)
NOI $54,840 @ 7.0% cap · market cap 6.88%
Second Best
Multifamily LT 5
$495.7K
$433.8K – $578.4K (±1% cap)
NOI $34,701 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$1.04M
$914.0K – $1.22M (±1% cap)
NOI $73,120 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Auto Repair Shop Pharmacy (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Bakery (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Catering Service Grocery & Convenience Store

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

FAQs

What type of property is this?
Triplex - Tri-level layout with commercial office downstairs and multiple apartments; 2 of 3 units rented.
Where is this triplex located?
The property is located at 634 MARKET Street St Augustine, FL.
What is the asking price?
The asking price for this property is $797,000.
What are key features of this property?
This property features: Tri‑level work/live townhome with first‑floor commercial office plus above‑garage studio apartment; Second‑story living space with modern bright kitchen and granite countertops, oversized great room; Third‑floor layout includes two ensuite bedrooms with multiple walk‑in closets, walk‑in showers, and an adjacent laundry room
Contact an agent
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