Newly Renovated Retail Space with
9633 Old Saint Augustine Road Jacksonville, FL 32257
9633 Old Saint Augustine Road, Jacksonville, FL, 32257
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For Sale
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Newly renovated retail property in an enterprise zone, partially owner occupied, with an existing wellness spa tenant.
Property Size6,555 SF
Lot Size0.65 Acres
Price / SF$228.83
Days on Market53
Property Features for 9633 Old Saint Augustine Road
General Information
- Standard status
- Active
- Size
- 6,555 SF
- Lot size
- 0.65 Acres
- Property subtype
- Retail
Listing agency
Rore Investment Group
Listed by
Charles Pessin · License #SL 3537442
Source
Crexi
Added: May 31 Updated: Jul 10 at 1:50PM Checked: Jul 22 at 11:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rore Investment Group
Investment Insights
Based on property information with market context.
This newly renovated 6,555 square foot retail space was built in 1986 and is partially owner occupied. The property includes two tenants: Tranquil Wellness Spa and the owner, Rore Investing. As part of the sale, the owner is willing to remain as a tenant for $3,500 per month or vacate by closing, whichever is more convenient for the buyer. The spa is currently paying a reduced rate under an agreement with the owner, with rent potentially adjustable or a new lease negotiable upon transfer of ownership.
The property is located at 9633 Old Saint Augustine Road and sits on a 28,225 square foot lot. It is in an enterprise zone, which can be relevant for qualifying businesses and operating considerations.
For buyers and operators looking for a retail asset with an active wellness use in place, this combination of newly renovated condition and an existing tenant relationship may simplify near-term operations. Prospective tenants or buyers can evaluate whether to accommodate the spa tenant under revised terms or plan for owner occupancy changes given the described pre-closing arrangement.
The property is located at 9633 Old Saint Augustine Road and sits on a 28,225 square foot lot. It is in an enterprise zone, which can be relevant for qualifying businesses and operating considerations.
For buyers and operators looking for a retail asset with an active wellness use in place, this combination of newly renovated condition and an existing tenant relationship may simplify near-term operations. Prospective tenants or buyers can evaluate whether to accommodate the spa tenant under revised terms or plan for owner occupancy changes given the described pre-closing arrangement.
Key Highlights
- 6,555 sq ft retail space built in 1986 on 28,225 sq ft lot at 9633 Old St Augustine Rd
- Partially owner occupied with two tenants: Tranquil Wellness Spa and the owner (Rore Investing)
- Owner will stay as a tenant for $3,500/month or vacate by closing, whichever is more convenient
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $118.0k | $18.00 |
| − Vacancy | −$12.2k | −$1.85 |
| EGI | $105.8k | $16.15 |
| − OpEx | −$31.8k | −$4.84 |
| NOI | $74.1k | $11.30 |
6,555 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.06M
$926.1K – $1.23M
NOI $74,086 @ 7.0% cap · market cap 4.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.80M
$1.57M – $2.09M
NOI $125,699 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Newly renovated retail property in an enterprise zone, partially owner occupied, with an existing wellness spa tenant.
Where is this retail space located?
The property is located at 9633 Old Saint Augustine Road Jacksonville, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 6,555 sq ft retail space built in 1986 on 28,225 sq ft lot at 9633 Old St Augustine Rd; Partially owner occupied with two tenants: Tranquil Wellness Spa and the owner (Rore Investing); Owner will stay as a tenant for $3,500/month or vacate by closing, whichever is more convenient
