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    3970 A1A St. Augustine, FL 32080

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    For Sale
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    2,774 SF Bank Building, High Visibility

    Property size:
    2,774 SF

    Property Features for 3970 A1A

    General Information

    Property type
    Banks
    Square Feet
    2,774 SF
    Lot Size
    26,572 SF

    Building Details

    Year Built
    2008
    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Traci Jenks
    Traci Jenks

    Listing Agency: Cushman & Wakefield Jacksonville Listing Agent: Traci Jenks

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

    Learn more

    Overview

    This exceptional 2,774 square foot commercial property, built in 2008, presents a unique investment opportunity in the vibrant St. Augustine Beach area. Previously occupied by Vystar Credit Union, this single-story building sits on a 0.61-acre lot and boasts a highly desirable location at the corner of A1A South and Ocean Trace Road. The property benefits from excellent visibility and accessibility due to its placement at a traffic signal intersection, offering multiple points of entry. The building's permitted zoning is BU-1A, providing flexibility for a variety of uses. Ample parking is available, with a ratio of 20 spaces per 1,000 square feet. The asking price is $2,200,000. This property is ideal for businesses seeking high visibility and convenient access in a thriving coastal community. The building's former use as a bank branch suggests a strong foundation for a variety of commercial ventures. The property's size and location make it an attractive option for both established businesses and new ventures looking to establish a presence in St. Augustine Beach. The single-story design offers ease of access and functionality. This is a rare opportunity to acquire a well-situated commercial property in a prime location.
    Property Profile Location Intelligence

    Current Use by Public Records

    VyStar Credit Union ... Atm VyStar Credit Union Credit Union

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    St. Augustine
    County
    St. Johns
    State
    Florida
    Longitude
    -81.2704234
    Latitude
    29.8225385

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    FAQs

    What type of property is this?
    Bank - 2,774 SF Bank Building, High Visibility
    Where is this bank located?
    The property is located at 3970 A1A St. Augustine, FL.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: 2,774 SF single-story building on a 0.61-acre lot in St. Augustine Beach.; Located at the signalized intersection of A1A South and Ocean Trace Road, offering high visibility and accessibility.; BU-1A zoning allows for diverse commercial uses.
    (904) 228-2944 Call to check price and availability
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    3970 A1A St. Augustine, FL 32080
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    St. Augustine, FL 32080
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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
    3970 A1A St. Augustine, FL 32080
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Traci Jenks
    Traci Jenks
    Real Estate License ID: 628865
    (904) 228-2944 (904) 731-9500 (904) 380-8333
    Learn more
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