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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Commerce Lake Dr St. Augustine, FL 32095

    • Industrial properties
    • 2,130 SF
    • 2.90 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 0 Commerce Lake Dr

    Year built
    2024
    Lot size
    2.90 lot acres
    Property size
    2,130 SF
    Property type
    Industrial properties
    Property subtype
    Flex space

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    St. Augustine
    County
    St. Johns
    State
    Florida
    Longitude
    -81.4544
    Latitude
    29.9837

    Comparable in this City

    • Value Estimation by Request
      34,000 SF

      1515 County Rd

      Flex space • 34,000 SF
      1515 County Rd, St. Augustine, FL 32095
      View Details
    • Value Estimation by Request
      29,920 SF

      5600 Us-1

      Flex space • 29,920 SF
      5600 Us-1, St. Augustine, FL 32095
      View Details
    • Value Estimation by Request

      107 Thomas Industry Way

      Flex space
      107 Thomas Industry Way, St. Augustine, FL 32095
      View Details
    • Value Estimation by Request
      22,680 SF

      Commerce Lake Dr

      Individual retail properties • 22,680 SF
      0 Commerce Lake Dr, St. Augustine, FL 32095
      View Details
    • Value Estimation by Request
      55,500 SF

      International Golf Pkwy

      Life science properties • 55,500 SF
      0 International Golf Pkwy, St. Augustine, FL 32095
      View Details
    • Value Estimation by Request
      4,720 SF

      6480-a Hwy

      Distribution properties • 4,720 SF
      6480-a Hwy, St. Augustine, FL 32095
      View Details

    Similar Nearby for Sale

    • $4,000,000
      11,064 SF

      St. Johns Industrial Property

      6.65-acre industrial property with development potential in St. Johns County.
      134 Poole Blvd, Saint Augustine, FL 32095
      View Details
    • $1,598,000

      Retail Space Near Regional Airport

      Prime retail space with ample parking and excellent visibility.
      25 Alsop Ct, St Augustine, FL 32095
      View Details
    • $649,000
      0.83 Acres

      St. Augustine Commercial Land - $649K

      Prime US-1 Frontage, Build-Ready Lot
      16 Summerlin Ln, St. Augustine, FL 32095
      View Details
    • $1,900,000
      5,280 SF

      St. Augustine Commercial Opportunity

      Commercial space in a rapidly growing market with long-term potential.
      170 Cumberland Park Dr, St Augustine, FL 32095
      View Details
    • $210,000

      Palencia Office Condo Investment

      St. Augustine Office Condo - Prime Location
      701 Market St, St. Augustine, FL 32095
      View Details
    • $1,550,000

      World Golf Village Land Opportunity

      11 acres with potential for development or private retreat.
      4540 N Francis Rd, St Augustine, FL 32095
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      7,500 SF

      Versatile Flex/Industrial Space Available

      Adaptable flex/industrial space with build-out options and outdoor storage.
      515 International Golf Pkwy, St Augustine, FL 32095
      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

      Prime St. Augustine Office Building

      Three-story office building, 12 suites.
      701 Market St, St. Augustine, FL 32095
      View Details
    • Contact for pricing
      5,200 SF

      St. Augustine Commercial Land Opportunity

      Prime US-1 Frontage, Build-to-Suit Ready
      16 Summerlin Ln, St. Augustine, FL 32095
      View Details
    • Contact for pricing
      22,000 SF

      Parkway Commons: Retail Space Available

      St. Augustine, FL Retail Center - High Growth Area
      630 Twincourt Trl, St. Augustine, FL 32095
      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
    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.
    Commerce Lake Dr
    St. Augustine, FL 32095
    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
    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

    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.