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    1060 Ponce De Leon Blvd St. Augustine, FL 32084
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    1060 Ponce De Leon Blvd St. Augustine, FL 32084

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    • Lifestyle centers
    • 94,993 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • St. Augustine Twin Vee / (Bike/Boat/Book/etc) Store

    Property Details for 1060 Ponce De Leon Blvd

    Year built
    1979
    Property size
    94,993 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    The Gates of St. Johns, a Class A shopping center, presents a unique investment opportunity in the thriving St. Augustine market. This established center, built in 1979, comprises 94,993 square feet across three single-story buildings, offering a total of 23 suites. Currently, one 800-square-foot space is available for lease. The property boasts a convenient location at the highly visible intersection of Ponce De Leon Boulevard and SR 207, benefiting from significant traffic flow. With ample parking (325 spaces, a 4.3 ratio), the center caters to both tenants and customers with ease. Its strategic placement within historic St. Augustine, a city attracting over 7 million tourists annually, ensures consistent foot traffic and strong potential for business growth. The property's grocery-anchored configuration provides a stable base for tenant occupancy and contributes to a vibrant shopping environment. The property's APN is 128030-0000 and is located in St. Johns County. This is an exceptional opportunity to secure a presence in a well-established and highly sought-after retail location. The property's size and configuration offer flexibility for a variety of retail uses. The high tourist volume and strong local demographics make this a compelling investment prospect.

    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
    -81.3253
    Latitude
    29.8796

    Comparable in this City

    • Value Estimation
      $605,000
      1,400 SF

      450 Ponce De Leon Blvd

      SHOPPING CENTER, STRIP CENTER • 1,400 SF
      450 Ponce De Leon Blvd, Saint Augustine, FL 32084-4220
      View Details
    • Value Estimation
      $995,000
      6,820 SF

      224 San Marco Ave

      SHOPPING CENTER, STRIP CENTER • 6,820 SF
      224 San Marco Ave, Saint Augustine, FL 32084-2772
      View Details
    • Value Estimation
      $2,675,000
      7,839 SF

      2360 State Rd 16

      SHOPPING CENTER, STRIP CENTER • 7,839 SF
      2360 State Rd 16, Saint Augustine, FL 32084-0818
      View Details
    • Value Estimation
      $5,950,000
      65,192 SF

      525 State Rd 16

      SHOPPING CENTER, STRIP CENTER • 65,192 SF
      525 State Rd 16, Saint Augustine, FL 32084-3840
      View Details
    • Value Estimation
      $1,170,000
      5,198 SF

      215 State Rd 16

      SHOPPING CENTER, STRIP CENTER • 5,198 SF
      215 State Rd 16, Saint Augustine, FL 32084-2014
      View Details
    • Value Estimation
      $4,155,000
      7,060 SF

      2222 State Rd 16

      SHOPPING CENTER, STRIP CENTER • 7,060 SF
      2222 State Rd 16, Saint Augustine, FL 32084
      View Details

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      24,346 SF

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      2,213 SF

      Retail Space in St. Augustine

      Retail property with high traffic in historic St. Augustine.
      1570-1580 Us Highway 1 S, St Augustine, FL 32084
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      800 SF

      St. Johns Plaza Retail Space

      Retail space available in established St. Augustine shopping center.
      1010 S Ponce De Leon Blvd, St Augustine, FL 32084
      View Details
    • Contact for pricing

      Retail Space in Winn Dixie Center

      Retail space available within a Winn Dixie anchored shopping center.
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    • $900 /Mo

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    St. Augustine, FL 32084
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    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
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