Concrete Block Office
New
For Sale
$350,000
688 W KING Street, St Augustine, FL 32084
PUD zoning supports potential general business, office, and retail uses.
Property Size1,500 SF
Price / SF$231.48
Days on Market7
Property Features for 688 W KING Street
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Office
Zoning
PUD
Additional Details
Road Access
Yes
Building Details
Year Built
1951
Buildings
1
Building Size
1,500 SF
Construction
concrete block
Listing Agency:
PONTE VEDRA CLUB REALTY, INC.
(904) 285-6927
Listed By:
KATHERINE SHEARER · License #3470801
(904) 814-2607
Source:
Endlesssummerrealty
Added: Oct 28
Changed: Nov 1
Last Checked: Nov 1 at 4:01PM
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 PONTE VEDRA CLUB REALTY, INC.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This concrete block office property occupies two lots and includes on-site parking. Its PUD zoning carries potential for general business, office, and retail uses.
The building fronts W King Street in St. Augustine’s West King business district, approximately one mile from historic downtown. Road exposure and nearby neighborhoods, businesses, and restaurants provide context for the property’s commercial setting.
The building fronts W King Street in St. Augustine’s West King business district, approximately one mile from historic downtown. Road exposure and nearby neighborhoods, businesses, and restaurants provide context for the property’s commercial setting.
Key Highlights
- Concrete block office building on two lots
- On‑site parking
- PUD zoning with potential general business, office, and retail uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,174
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$423,480
$423.5K
Cap Rate 7%
$302,486
$302.5K
Cap Rate 9%
$235,267
$235.3K
Market Conditions
NOI Build-Up for 1,512 SF
Gross rent
$36.3K $24.00/SF
− Vacancy
−$8.1K −$5.33/SF
EGI
$28.2K $18.67/SF
− OpEx
−$7.1K −$4.67/SF
NOI
$21.2K $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%
$423,480
Cap Rate 7%
$302,486
Cap Rate 9%
$235,267
Alternative Uses
Best Use
Office B
$302.5K
$264.7K – $352.9K
NOI $21,174 @ 7.0% cap · market cap 6.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$403.3K
$352.9K – $470.5K
NOI $28,232 @ 7.0% cap · market cap 8.07%
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
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
404
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - PUD zoning supports potential general business, office, and retail uses.
Where is this office building located?
The property is located at 688 W KING Street St Augustine, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Concrete block office building on two lots; On‑site parking; PUD zoning with potential general business, office, and retail uses
