Office Building with On-Site
New
For Sale
$350,000
688 W KING Street, St Augustine, FL 32084
Commercial Sale, St. Augustine, FL
Property Size1,512 SF
Lot Size0.11 Acres
Price / SF$231.48
Days on Market2
Property Features for 688 W KING Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
PUD
Parking features
Off Street, Parking Lot
Lot features
Few Trees
Directions
From US1 North, turn Left onto W King, #688
Subdivision
336-Ravenswood/West Augustine
Standard status
Active
APN
1137500000
Size
1,512 SF
Lot size
0.11 Acres
Additional Details
Property Use
Office
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3394
Utilities
Water source
Public
Building Details
Year built
1951
Building materials
Block
Roof type
Shingle
Buildings
1
Listing Agency:
PONTE VEDRA CLUB REALTY, INC.
(904) 285-6927
Listed By:
KATHERINE SHEARER
(904) 814-2607
Added: Oct 27
Changed: Oct 28
Last Checked: Oct 28 at 3:06PM
MLS# 2171228
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.
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Investment Insights
Based on property information with market context.
The office building at 688 W King Street is constructed of concrete block and measures 1,512 square feet. Built in 1951, it sits on two lots totaling 0.11 acres. The property has a shingle roof, public water, and a parking lot with off-street spaces.
Located in St. Augustine’s West King business district, the property is approximately one mile from historic downtown and has road exposure along W King Street. Its PUD zoning allows potential general business, office, and retail uses.
Located in St. Augustine’s West King business district, the property is approximately one mile from historic downtown and has road exposure along W King Street. Its PUD zoning allows potential general business, office, and retail uses.
Key Highlights
- 1,512‑square‑foot concrete block building
- Two lots totaling 0.11 acres
- 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 - A block-construction commercial property offers off-street parking and PUD zoning for office, retail, or general business 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: 1,512‑square‑foot concrete block building; Two lots totaling 0.11 acres; PUD zoning with potential general business, office, and retail uses
