Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2780 State Road 16 St. Augustine, FL 32092

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    High-traffic retail land, 8,461 sq ft.

    Lot size:
    8,461 SF

    Property Features for 2780 State Road 16

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,461 SF

    Spaces For Lease

    at 2780 State Road 16, St. Augustine, FL 32092 Contact us

    We can help!

    Listing Contact
    Kelly Pulignano
    Kelly Pulignano

    Listing Agent: Kelly Pulignano

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

    Learn more

    Property Insight Report

    Overview

    This exceptional commercial property offers 8,461 square feet of retail space situated on a 7.17-acre lot in the rapidly developing St. Johns County, Florida. Located at 2780 State Road 16, this prime location boasts excellent visibility and accessibility, positioned just west of I-95 in St. Augustine, Florida, zip code 32092. The property is currently entirely vacant, presenting a unique opportunity for multiple tenants. The property type is classified as retail land, suitable for a variety of commercial uses. The total building square footage is 8,461 square feet, all of which is available for lease. This presents a significant opportunity for businesses seeking high-visibility locations in a thriving market. The property's strategic location on State Road 16, a major thoroughfare, ensures high traffic volume and exposure to a large customer base. The expansive 7.17-acre lot provides ample space for development and expansion. This is an ideal investment for developers or businesses seeking a prominent presence in St. Augustine's dynamic commercial landscape. The property is situated in St. Johns County, a region experiencing substantial growth and attracting significant commercial investment. This presents a compelling opportunity for long-term growth and return on investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Pharmacy Gym & Fitness Center

    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
    -81.4186908
    Latitude
    29.9244714

    Nearby Similar for Lease

    • $10 SF/Yr
      8,320 SF

      St. Augustine Flex Space - 8,320 SF

      Prime St. Augustine flex space, 1.33 acres.
      840 King St, St. Augustine, FL 32084
      View Details
    • $28 SF/Yr
      3,256 SF

      St. Augustine Retail/Office Building

      Prime St. Augustine location, 3,256 sq ft, single tenant.
      240 San Marco Ave, St. Augustine, FL 32084
      View Details
    • Contact for pricing
      1,680 SF

      St. Augustine Retail Space for Lease

      Prime St. Augustine retail building available.
      2515 County Road 208, St. Augustine, FL 32092
      View Details
    • $24 SF/Yr
      16,613 SF

      St. Augustine Office Space Available

      Prime St. Augustine Office, Multiple Uses
      200 Southpark Blvd, St. Augustine, FL 32086
      View Details
    • $300 /Mo
      9,000 SF

      Historic San Marco Commercial Space

      Uptown St. Augustine gem: lease now!
      239 San Marco Ave, St. Augustine, FL 32084
      View Details
    • Contact for pricing
      102,342 SF

      St. Augustine Retail Plaza Investment

      Prime St. Augustine retail space available.
      1033 A1A Beach Blvd, St. Augustine, FL 32080
      View Details
    • $900 /Mo
      2,156 SF

      47 Cordova St

      Restaurants
      47 Cordova St, St. Augustine, FL 32084
      View Details
    • $15 SF/Yr
      55,500 SF

      Saint Marks Pond Business Park

      Flex, R&D, Warehouse Space Available
      0 International Golf Pkwy, St. Augustine, FL 32095
      View Details
    • Contact for pricing
      82,007 SF

      St. Augustine Retail Center Investment

      Prime St. Augustine Retail Space Available
      2845 County Road 210, St. Augustine, FL 32092
      View Details
    • $35 SF/Yr
      21,579 SF

      155 Palencia Village Dr

      Restaurants • 21,579 SF
      155 Palencia Village Dr, St. Augustine, FL 32095
      View Details
    • Contact for pricing
      37,110 SF

      St. Augustine Industrial Flex Space

      Prime Flex Space, Multiple Units Available
      7 San Bartola Dr, St. Augustine, FL 32086
      View Details
    • Contact for pricing
      28,800 SF

      St. Augustine Retail Center Lease

      New retail space, prime St. Augustine location.
      35 Summerlin Ln, St. Augustine, FL 32095
      View Details

    FAQs

    What type of property is this?
    Land - High-traffic retail land, 8,461 sq ft.
    Where is this land located?
    The property is located at 2780 State Road 16 St. Augustine, FL.
    What are key features of this property?
    This property features: 8,461 SF retail building on a 7.17-acre lot in St. Johns County, FL.; Outparcels available across from a new Publix (opening 2024) at a newly signalized intersection of SR 16 and CR 208.; 430 townhomes and 240 hotel rooms under construction directly across SR 16.
    (904) 565-2635 Call to check price and availability
    Request Owner's contact information
    2780 State Road 16 St. Augustine, FL 32092
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2780 State Road 16
    St. Augustine, FL 32092
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2780 State Road 16 St. Augustine, FL 32092
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kelly Pulignano
    Kelly Pulignano
    Real Estate License ID: 3370246
    (904) 565-2635
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!