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

    1000 Plantation Is S Dr Saint Augustine, FL 32080-3106

    • Office buildings
    • 16,877 SF
    • 1.14 lot acres
    OFF-MARKET
    Last Sale
    May 02, 2022
    $3,703,900
    Value Estimations
    $3,730,000
    Show details
    Cap Rate Potential
    8.2%
    Office buildings
    Location Intelligence
    Property ID
    US18-9956726
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Precision Imaging Centers / Medical Clinic
    • Ashchi Heart & Vascular Center / Medical Clinic
    • PT Solutions of St. Augustine / Physician
    • Osama Ibrahim / Physician

    Property Details for 1000 Plantation Is S Dr

    Year built
    2008
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.14 lot acres
    Property size
    16,877 SF
    Zone code
    RG-O
    Property type
    Office buildings
    APN
    162220 0130
    APU
    1622200130

    Description

    This exceptional commercial property, located at 1000 Plantation Island Drive, St. Augustine, Florida 32080, presents a compelling investment opportunity. The 15,700 square foot building sits on a 1.16-acre lot and enjoys prime frontage on State Road 312, offering excellent visibility and accessibility. Its strategic location is just minutes from A1A Beach Boulevard, providing convenient access to both residential and commercial areas. Currently fully occupied by credit tenants, this property generates a consistent and secure income stream, making it an attractive asset for investors seeking stability and strong returns. The property's proximity to local businesses and residences makes it particularly appealing to medical professionals and their clients. The asking price for this exceptional commercial property is $5,000,000. This represents a rare chance to acquire a high-quality, income-producing asset in a thriving St. Augustine location. The property is classified as Office and Land, offering significant potential for future development or expansion. The property's location in St. Johns County, Florida, within zip code 32080, ensures a desirable and sought-after address. This is a truly exceptional opportunity for discerning investors seeking a top-tier commercial investment in a prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,085,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,200,000
      6.5%
      $3,880,000
      7%
      $3,600,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,600,000
      Market price range: $2.07M - $5.13M
      AI Estimate
      $3,758,000
      Market price range: $2.40M - $5.27M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,655,000
      Current use
      COMMERCIAL (GENERAL)
      $6,170,000
      Change: +69% Conversion: Easy
      AUTO REPAIR, GARAGE
      $4,410,000
      Change: +21% Conversion: Difficult
      MEDICAL BUILDING
      $4,310,000
      Change: +18% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $4,290,000
      Change: +17% Conversion: Difficult
      RETAIL STORES
      $4,160,000
      Change: +14% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Saint Augustine
    County
    St. Johns
    State
    Florida
    Longitude
    -81.2953
    Latitude
    29.8637
    CBSA code
    27260
    CBSA name
    JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $65,082
    $0.00
    $0.00
    $3,324,200
    -
    $741,510
    $2,582,690
    $3,324,200

    Comparable in this City

    • Value Estimation by Request
      152 SF

      103 Spartina Ave

      OFFICE BUILDING • 152 SF
      103 Spartina Ave, Saint Augustine, FL 32080
      View Details
    • Value Estimation
      $1,585,000
      7,050 SF

      600 Plantation Is S Dr

      PROFESSIONAL BUILDING • 7,050 SF
      600 Plantation Is S Dr, Saint Augustine, FL 32080-6010
      View Details
    • Value Estimation
      $4,285,000
      22,792 SF

      1100 Plantation Is S Dr

      OFFICE BUILDING (MULTI-STORY) • 22,792 SF
      1100 Plantation Is S Dr, Saint Augustine, FL 32080-5173
      View Details
    • Value Estimation
      $770,000
      2,669 SF

      509 Anastasia Blvd

      OFFICE BUILDING • 2,669 SF
      509 Anastasia Blvd, Saint Augustine, FL 32080-4510
      View Details
    • Value Estimation
      $650,000
      3,260 SF

      5455 1st S

      OFFICE BUILDING • 3,260 SF
      5455 1st S, Saint Augustine, FL 32080-7111
      View Details
    • Value Estimation by Request
      1,669 SF

      421 Anastasia Blvd

      OFFICE BUILDING • 1,669 SF
      421 Anastasia Blvd, Saint Augustine, FL 32080-4508
      View Details

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    Similar Nearby for Lease

    • $1,100 /Mo
      22,651 SF

      St Augustine Office Space Available

      Second floor office space available for lease in St Augustine.
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      Retail Space in Saint Augustine

      Retail space available in high-traffic Saint Augustine shopping center.
      1047-1089 A1A Beach Blvd, Saint Augustine, FL 32080
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    • Contact for pricing
      102,342 SF

      St. Augustine Retail Plaza Investment

      Prime St. Augustine retail space available.
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    • $25 SF/Yr
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      Anastasia Blvd Retail Opportunity

      7,444 SF retail space on high-traffic Anastasia Blvd.
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    • $5,700 /Mo
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      St. Augustine Retail Opportunity

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      308 S Ponce De Leon Blvd, St Augustine, FL 32080
      View Details
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    Saint Augustine, FL 32080-3106
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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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