965 FL-16 St Augustine, FL 32084
COMMERCIAL - St. Augustine, FL
Property Features for 965 FL-16
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 0886600040
- Size
- 1,050 SF
Listing agent WISSAM ARO License #3277217 (904) 444-5604
Listing office EAGLES WORLD REALTY, INC 12412 SAN JOSE BLVD SUITE 102, Jacksonville, FL (904) 337-1392
Listing date Jan 19, 2026
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Investment Insights
Based on property information with market context.
Key Highlights
- Well‑established dry cleaning drop station business.
- Located in a high‑traffic Publix‑anchored shopping center.
- Operated successfully at the same location for over 9 years.
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 | $18.9k | $18.00 |
| − Vacancy | −$1.9k | −$1.85 |
| EGI | $17.0k | $16.15 |
| − OpEx | −$5.1k | −$4.84 |
| NOI | $11.9k | $11.30 |
