Two-Story Medical Office
For Sale
$1,895,000
9 San Bartola Dr, St Augustine, FL 32086
COMMERCIAL/INDUSTRIAL, St Augustine, FL
Property Size6,140 SF
Lot Size0.52 Acres
Price / SF$308.63
Days on Market232
Property Features for 9 San Bartola Dr
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 1, Bathroom 5, Bathroom 3, Bathroom 4, Bathroom 2
Security features
Security System
Interior features
Elevator, Fixtures, Furniture, Handicapped Access, Handicapped Restroom, Security System
Exterior features
Onsite Parking, Paved Parking
Accessibility
Accessible Elevator Installed, Accessible Approach with Ramp
Directions
From US-1 and FL-312 E: Head East on FL-312, Turn right onto Sgt. Tutten Dr, Turn left onto San Bartola Dr, 9 San Bartola Dr will be on the left.
Subdivision
12
Standard status
Active
APN
135079-0127
Lot size
0.52 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
(18-12G) PERPALL GRANT SUB PT OF LOT 11 LYING S OF SR 312 163.5 X 140FT OR2119/881
Tax Annual Amount
11784
Legal Description
(18-12G) PERPALL GRANT SUB PT OF LOT 11 LYING S OF SR 312 163.5 X 140FT OR2119/881
Utilities
Heating system
Electric (Heating), Central, Heat Pump (Heating)
Cooling system
Heat Pump, Electric, Central Air
Water source
Public
Amenities
break areas
phase 3 electrical
Building Details
Year built
1987
Floors in Building
2
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Keller Williams Realty Atlantic Partners St Augustine
(904) 797-7442
Listed By:
Noah Bailey · License #BK3081415
(904) 867-3242
Added: Jan 3
Changed: Aug 19
Last Checked: Aug 23 at 9:06PM
MLS# 260012
Copyright © 2026 St. Augustine & St. John's County Board of Realtors. 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 two-story medical facility contains approximately 6,140 square feet, with more than 6,000 square feet devoted to office and clinical functions. The interior includes multiple private rooms, five restrooms, break areas, fixtures, furniture, security features, and an elevator. Accessible design elements include an installed accessible elevator and a ramped approach. Phase 3 electrical service supports the existing improvements, while available blueprint plans provide a basis for future alterations.
The property occupies approximately 0.52 acres at a corner location directly across from Flagler Hospital. Highway access supports convenient arrival for patients and staff, and onsite paved parking serves the building. The site carries a Town Center Mixed-Use designation and includes public water service. Built in 1987, the property is configured for medical operations while also accommodating professional office uses.
The property occupies approximately 0.52 acres at a corner location directly across from Flagler Hospital. Highway access supports convenient arrival for patients and staff, and onsite paved parking serves the building. The site carries a Town Center Mixed-Use designation and includes public water service. Built in 1987, the property is configured for medical operations while also accommodating professional office uses.
Key Highlights
- Approximately 6,140 square feet, including more than 6,000 square feet of office and clinical space
- Approximately 0.52 acres at a corner location directly across from Flagler Hospital
- Two‑story medical facility with multiple private rooms and five restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$85,985
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,719,700
$1.7M
Cap Rate 7%
$1,228,357
$1.2M
Cap Rate 9%
$955,389
$955.4K
Market Conditions
NOI Build-Up for 6,140 SF
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.
Gross rent
$147.4K $24.00/SF
− Vacancy
−$32.7K −$5.33/SF
EGI
$114.6K $18.67/SF
− OpEx
−$28.7K −$4.67/SF
NOI
$86.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,719,700
Cap Rate 7%
$1,228,357
Cap Rate 9%
$955,389
Alternative Uses
Best Use
Office B
$1.23M
$1.07M – $1.43M
NOI $85,985 @ 7.0% cap · market cap 4.54%
Second Best
Healthcare Medical
$1.17M
$1.02M – $1.36M
NOI $81,696 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$1.64M
$1.43M – $1.91M
NOI $114,646 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,367
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32086, FL
31,452
Population
15,696
Households
2
Avg Household Size
51
Median Age
33%
College-Educated
92%
High-School Grad
65.8 sq mi
ZIP Area
478
Density / Sq Mi
$74,508
Median Household Income
$40,571
Median Earnings
$1,536
Median Rent
$342,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Established clinical and administrative facility with elevator access, five restrooms, onsite parking, and flexible room configuration.
Where is this medical office space located?
The property is located at 9 San Bartola Dr St Augustine, FL.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: Approximately 6,140 square feet, including more than 6,000 square feet of office and clinical space; Approximately 0.52 acres at a corner location directly across from Flagler Hospital; Two‑story medical facility with multiple private rooms and five restrooms
