Dry Cleaning Drop Station
For Sale
$140,000
965 FL-16, St Augustine, FL 32084
Commercial Sale, St. Augustine, FL
Property Size1,050 SF
Price / SF$133.33
Days on Market271
Property Features for 965 FL-16
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Directions
From I-95, take Exit 318 for FL-16 toward St. Augustine. Travel east on FL-16. Continue approximately 4 miles. Property is located on the right in the Publix shopping center at 965 FL-16. Suite #103.
Subdivision
336-Ravenswood/West Augustine
Standard status
Active
APN
0886600040
Size
1,050 SF
Listing Agency:
EAGLES WORLD REALTY, INC
(904) 337-1392
Listed By:
WISSAM ARO · License #3277217
(904) 444-5604
Added: Jan 19
Changed: Oct 2
Last Checked: Oct 17 at 12:06AM
MLS# 2125874
Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The property includes a dry cleaning drop station business operating from a 1050-square-foot storefront. The operation has remained at the same location for over 9 years, providing an established history at the property.
Located at 965 FL-16 in St. Augustine, the storefront is part of a shopping center anchored by Publix. A parking lot serves the commercial setting, and the sale includes the operating business.
Located at 965 FL-16 in St. Augustine, the storefront is part of a shopping center anchored by Publix. A parking lot serves the commercial setting, and the sale includes the operating business.
Key Highlights
- 1050 square feet of storefront space
- Dry cleaning drop station business included
- Operating at the same location for over 9 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,867
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$237,340
$237.3K
Cap Rate 7%
$169,529
$169.5K
Cap Rate 9%
$131,856
$131.9K
Market Conditions
NOI Build-Up for 1,050 SF
Gross rent
$18.9K $18.00/SF
− Vacancy
−$1.9K −$1.85/SF
EGI
$17.0K $16.15/SF
− OpEx
−$5.1K −$4.84/SF
NOI
$11.9K $11.30/SF
Area
St. Johns County, FL
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$237,340
Cap Rate 7%
$169,529
Cap Rate 9%
$131,856
Alternative Uses
Best Use
Retail
$169.5K
$148.3K – $197.8K
NOI $11,867 @ 7.0% cap · market cap 8.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$280.1K
$245.1K – $326.8K
NOI $19,606 @ 7.0% cap · market cap 14.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
149
Businesses Nearby
75k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 58%
Shops & Services 38%
Dining 2%
Electronics 1%
Publix
Groceries
43,841 visits/mo
0.1 miles
Exxon
Shops & Services
14,300 visits/mo
0.0 miles
Kangaroo Express
Shops & Services
8,081 visits/mo
0.0 miles
Tidal Wave Auto Spa
Shops & Services
6,334 visits/mo
0.2 miles
Dick's Wings & Grill
Dining
1,223 visits/mo
0.1 miles
Demographics for 32084, FL
34,526
Population
17,839
Households
1.9
Avg Household Size
45
Median Age
32%
College-Educated
91%
High-School Grad
45.1 sq mi
ZIP Area
766
Density / Sq Mi
$72,965
Median Household Income
$38,611
Median Earnings
$1,534
Median Rent
$295,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - Established dry cleaning drop station business in a Publix-anchored shopping center with parking lot access.
Where is this storefront property located?
The property is located at 965 FL-16 St Augustine, FL.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: 1050 square feet of storefront space; Dry cleaning drop station business included; Operating at the same location for over 9 years
