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    479 Shr Blvd Saint AUG BEACH, FL 32086

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    For Lease
    Contact for pricing

    St. Augustine Shores retail center, prime location.

    Lot size:
    9,360 SF

    Property Features for 479 Shr Blvd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,360 SF
    Class
    A

    Building Details

    Year Built
    2025
    Buildings
    6
    Stories
    2

    Spaces For Lease

    at 479 Shr Blvd, Saint AUG BEACH, FL 32086 Contact us

    We can help!

    Listing Contact
    Zach Lemke
    Zach Lemke

    Listing Agent: Zach Lemke

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Boulevard Plaza, a Class A retail center in St. Augustine Shores, FL (32086), is now pre-leasing for a mid-2025 completion. This 9,360 square foot, two-story shopping center features six buildings with a total of seven suites, offering flexible spaces ranging from 600 to 4,000 contiguous square feet. The property boasts 100 parking spaces and is conveniently located at 479 Shores Blvd, providing easy access for both cars and bikes. The zoning is PUD, and the building features single/three-phase power. Situated in a high-demand area experiencing rapid residential growth (over 7% year-over-year), Boulevard Plaza is ideally positioned to serve the over 10,000 residents and 4,000 homes within a 5-minute drive. This central location avoids the congestion of US-1, offering businesses a significant opportunity to capture a substantial customer base in an underserved market. The property is designed to accommodate a variety of retail, office, or service uses, with customization options available to meet specific tenant needs. Construction is underway, allowing ample time for build-out planning. This development presents a unique opportunity to establish a presence in a thriving community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Real Estate Agency Building Supply Dental Office Big Box & Wholesale Store Gym & Fitness Center Department Store Kitchen & Bath Showroom HVAC Service Garden Center Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint AUG BEACH
    County
    St. Johns
    State
    Florida
    Longitude
    -81.3027539
    Latitude
    29.8110492

    FAQs

    What type of property is this?
    Lifestyle center - St. Augustine Shores retail center, prime location.
    Where is this lifestyle center located?
    The property is located at 479 Shr Blvd Saint AUG BEACH, FL.
    What are key features of this property?
    This property features: Class A, 9,360 square foot retail center pre-leasing for mid-2025 completion in St. Augustine Shores, FL (32086).; Seven suites available, ranging from 600 to 4,000 contiguous square feet, across six buildings.; 100 parking spaces and convenient location at 479 Shores Blvd, minutes from US-1, serving over 10,000 residents within a 5-minute drive.
    (904) 501-5210 Call to check price and availability
    Request Owner's contact information
    479 Shr Blvd Saint AUG BEACH, FL 32086
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    479 Shr Blvd Saint AUG BEACH, FL 32086
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Zach Lemke
    Zach Lemke
    Real Estate License ID: SL3518305
    (904) 501-5210
    Learn more
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