Remodeled Coworking
For Sale
$1,200,000
Pending
701 MARKET Street, St Augustine, FL 32095
Commercial Sale, St. Augustine, FL
Property Size3,255 SF
Days on Market51
Property Features for 701 MARKET Street
General Information
Property type
Residential
Property subtype
Office
Parking features
On Street, Gated, Garage
Security features
Security System
Lot features
Corner Lot
Directions
I-95 to International Golf to Palencia Drive to Market Street
Subdivision
312-Palencia Area
Standard status
Pending
APN
0720801110
Size
3,255 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5068
Building Details
Year built
2007
Listing Agency:
EXIT MAGNOLIA POINT REALTY
(904) 269-4600
Listed By:
DOUGLAS SENECAL · License #3539193
(478) 390-3531
Added: Aug 18
Changed: Sep 16
Last Checked: Oct 7 at 4:06PM
MLS# 2160660
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.
This 3,255-square-foot coworking property was built in 2007 and has been fully remodeled. The asset is configured for coworking use, with leases in place that include scheduled escalations.
Parking options include gated parking, garage parking, and on-street spaces. The property is located on Market Street in St. Augustine, Florida, within St. Johns County.
Parking options include gated parking, garage parking, and on-street spaces. The property is located on Market Street in St. Augustine, Florida, within St. Johns County.
Key Highlights
- 3,255‑square‑foot coworking property
- Fully remodeled interior
- Leases in place with scheduled escalations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,583
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$911,660
$911.7K
Cap Rate 7%
$651,186
$651.2K
Cap Rate 9%
$506,478
$506.5K
Market Conditions
NOI Build-Up for 3,255 SF
Gross rent
$78.1K $24.00/SF
− Vacancy
−$17.3K −$5.33/SF
EGI
$60.8K $18.67/SF
− OpEx
−$15.2K −$4.67/SF
NOI
$45.6K $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%
$911,660
Cap Rate 7%
$651,186
Cap Rate 9%
$506,478
Alternative Uses
Best Use
Office B
$651.2K
$569.8K – $759.7K
NOI $45,583 @ 7.0% cap · market cap 3.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$868.2K
$759.7K – $1.01M
NOI $60,777 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
192
Businesses Nearby
Explore this area
Business Placement
Demographics for 32095, FL
16,607
Population
6,997
Households
2.4
Avg Household Size
42
Median Age
53%
College-Educated
96%
High-School Grad
57.4 sq mi
ZIP Area
289
Density / Sq Mi
$124,556
Median Household Income
$51,986
Median Earnings
$1,576
Median Rent
$485,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Coworking space - Gated parking, garage parking, and on-street spaces support the existing office operation.
Where is this coworking space located?
The property is located at 701 MARKET Street St Augustine, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 3,255‑square‑foot coworking property; Fully remodeled interior; Leases in place with scheduled escalations
