Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    7070 Fl-16 St. Augustine, FL 32092

    • Land
    • 8.13 lot acres
    For Sale
    View listing
    $1,099,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 7070 Fl-16

    Lot size
    8.13 lot acres
    Property type
    Land

    Description

    This exceptional 8.13-acre commercial land parcel presents a remarkable investment opportunity in St. Augustine, Florida. Strategically located at the intersection of State Road 16 and State Road 13 North, this property boasts a high-growth area with excellent visibility and accessibility. The site, encompassing two St. Johns County parcels (013020-0030 & 012990-0000), is zoned OR (Open Rural) and offers significant development potential. A recent site reconnaissance (July 31, 2024) revealed a diverse landscape including forested wetlands (approximately 3.79 acres, including Wades Creek and its floodplain), forested/grassed uplands, and a small pond (approximately 0.06 acres). The property's address is 7070 FL-16, St. Augustine, FL 32092. Its prime location near major thoroughfares leading to Green Cove Springs and the Silverleaf residential community ensures high traffic volume and strong potential for future growth. The asking price for this unique opportunity is $1,099,000. This property is a blank canvas for a wide range of commercial ventures, capitalizing on its strategic location and significant acreage. Don't miss this chance to acquire a piece of St. Augustine's thriving commercial landscape.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    St. Augustine
    County
    St. Johns
    State
    Florida
    Longitude
    -81.5381
    Latitude
    29.9694

    Comparable in this City

    • Value Estimation by Request

      190 Registry Blvd

      Land
      190 Registry Blvd, St. Augustine, FL 32092
      View Details
    • Value Estimation by Request
      4.00 Acres

      16 / Windward Rnch Blvd

      Land • 4.00 Acres
      16 / Windward Rnch Blvd, St. Augustine, FL 32092
      View Details
    • Value Estimation by Request

      135 Land Grant

      Land
      135 Land Grant, St. Augustine, FL 32092
      View Details
    • Value Estimation by Request

      5643 Fl-16

      Land
      5643 Fl-16, St. Augustine, FL 32092
      View Details
    • Value Estimation by Request
      5.00 Acres

      5885 Fl-16

      Land • 5.00 Acres
      5885 Fl-16, St. Augustine, FL 32092
      View Details
    • Value Estimation by Request
      1.64 Acres

      6410 State Road 13

      Land • 1.64 Acres
      6410 State Road 13, St. Augustine, FL 32092
      View Details

    Similar Nearby for Sale

    • $799,000
      1.64 Acres

      6410 State Road 13

      Land • 1.64 Acres
      6410 State Road 13, St. Augustine, FL 32092
      View Details
    • $785,000
      2.23 Acres

      St. Augustine Commercial Land - $785,000

      2.23 Acres, High Visibility, Commercial Zoning
      5500 State Road 13, St. Augustine, FL 32092
      View Details
    • $499,999
      2.85 Acres

      Prime I-95 Commercial Land

      2.85 Acres, St. Augustine, FL. High Traffic.
      0 Commercial Dr, St. Augustine, FL 32092
      View Details
    • $1,099,000
      8.13 Acres

      St. Augustine Commercial Land

      8.13 Acres, Prime Location
      7070 Fl-16, St. Augustine, FL 32092
      View Details
    • $2,999,000

      Prime St. Augustine Commercial Land

      87,991 SF Commercial/Residential Lot
      3800 Francis Rd, St. Augustine, FL 32092
      View Details
    • $700,000
      2.06 Acres

      St. Augustine Commercial Land - 2 Acres

      Prime development site, near I-95 & Outlets.
      Parcel - SR 16 Whisper Ridge Dr, St. Augustine, FL 32092
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,461 SF

      St. Augustine Retail Outparcels

      High-traffic retail land, 8,461 sq ft.
      2780 State Road 16, St. Augustine, FL 32092
      View Details
    • $0.03 SF/Yr
      17,485 SF

      Registry Blvd Retail Opportunity

      New Retail Space in World Golf Village
      190 Registry Blvd, St. Augustine, FL 32092
      View Details
    • $26 SF/Yr
      2,630 SF

      St. Augustine Office Space Available

      Two-story office building with customizable suites and convenient location.
      101 E Town Pl, St Augustine, FL 32092
      View Details
    • Contact for pricing
      193,600 SF

      IGP-95 Logistics Park Warehouse

      Institutional quality warehouse space in St. Johns County.
      3405 International Golf Pkwy, St Augustine, FL 32092
      View Details
    • $38 SF/Yr
      17,485 SF

      Retail Space in World Golf

      New retail lease space available in St. Augustine, Florida.
      190 Registry Blvd, St Augustine, FL 32092
      View Details
    • $2,800 /Mo
      1,102 SF

      St. Augustine Professional Office Condo

      Professional office condo for lease in World Golf Village.
      135 Land Grant St, St Augustine, FL 32092
      View Details
    Request Owner's contact information
    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.
    7070 Fl-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.

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.