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

    150 Southpark Blvd St Augustine, FL 32086

    • Medical offices
    • 12,888 SF
    • 0.25 lot acres
    For Lease
    View listing
    $3,125 /Mo
    Last Sale
    Jan 13, 2021
    $1,599,000
    Value Estimations
    $1,990,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4758668
    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

    • East Coast Institute for Research - Flagler / Research Institute
    • Hyperbaric Health Services St Augustine / Medical Center
    • Wound Care St Augustine / Medical Center
    • AllerVie Health - St. Augustine / Medical Clinic / Allergist
    • Brittany Bodenbender / Occupational Therapist

    Property Details for 150 Southpark Blvd

    Year built
    1989
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.25 lot acres
    Property size
    12,888 SF
    Zone code
    CG
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    135121 0218
    APU
    1351210218

    Description

    This exceptional 12,888 square foot office building presents a compelling investment opportunity in St. Augustine, Florida. Located at 150 Southpark, St. Augustine, FL 32086, this property boasts a prime location, conveniently situated near the local hospital. Currently enjoying 100% occupancy, this asset provides a stable and consistent income stream for investors. The building's spacious layout and strategic positioning make it highly attractive to businesses seeking a prominent and easily accessible office space. The property's consistent full occupancy demonstrates its strong market appeal and potential for continued success. Its location south of SR-312 on US-1, accessed via a right turn onto Southpark and a second right turn into the property, ensures excellent visibility and accessibility. This represents a rare chance to acquire a high-performing commercial property in a thriving market, offering a secure and profitable investment. The asking price for this fully occupied office building is $2,199,000. This is a turnkey investment opportunity with immediate cash flow potential. Don't miss this chance to secure a valuable asset in a highly desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,675,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,860,000
      6.5%
      $2,640,000
      7%
      $2,450,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,135,000
      Market price range: $2.14M - $4.38M
      AI Estimate
      $2,135,000
      Market price range: $2.14M - $4.38M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,790,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Augustine
    County
    St. Johns
    State
    Florida
    Longitude
    -81.3252
    Latitude
    29.8626
    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
    $20,184
    $0.00
    $0.00
    $1,610,560
    -
    $115,000
    $1,495,560
    $1,610,560

    Comparable in this City

    • Value Estimation by Request
      11,389 SF

      180 Southpark Blvd

      MEDICAL CLINIC • 11,389 SF
      180 Southpark Blvd, Saint Augustine, FL 32086-4120
      View Details
    • Value Estimation by Request
      9,233 SF

      130 Health Park Blvd

      MEDICAL BUILDING • 9,233 SF
      130 Health Park Blvd, Saint Augustine, FL 32086-5776
      View Details
    • Value Estimation by Request
      1,152 SF

      2510 Us Hwy 1st D S Ste D

      MEDICAL BUILDING • 1,152 SF
      2510 Us Hwy 1st D S Ste D, Saint Augustine, FL 32086-6183
      View Details
    • Value Estimation by Request
      1,609 SF

      220 Southpark E Cir

      MEDICAL BUILDING • 1,609 SF
      220 Southpark E Cir, Saint Augustine, FL 32086-5135
      View Details
    • Value Estimation by Request
      5,700 SF

      240 Southpark E Cir

      MEDICAL BUILDING • 5,700 SF
      240 Southpark E Cir, Saint Augustine, FL 32086-5137
      View Details
    • Value Estimation by Request
      4,502 SF

      2676 Us Hwy 1st S

      MEDICAL BUILDING • 4,502 SF
      2676 Us Hwy 1st S, Saint Augustine, FL 32086-6191
      View Details

    Similar Nearby for Sale

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      Prime St. Augustine Office, 100% Occupancy
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    Similar Nearby for Lease

    • $24 SF/Yr
      16,613 SF

      St. Augustine Office Space Available

      Prime St. Augustine Office, Multiple Uses
      200 Southpark Blvd, St. Augustine, FL 32086
      View Details
    • $3,125 /Mo

      St Augustine Medical Office Space

      Office space with exam rooms near UF Health Flagler Hospital.
      150 Southpark Blvd, St Augustine, FL 32086
      View Details
    • $22 SF/Yr
      6,308 SF

      St. Augustine Medical/Office Space

      2600 SF medical/office space for lease near Flagler Hospital.
      165 Southpark Blvd, St Augustine, FL 32086
      View Details
    • Contact for pricing
      2,500 SF

      Office Space in St. Augustine

      Office space available for lease in St. Augustine, Florida.
      201 Health Park Blvd, St Augustine, FL 32086
      View Details
    • Contact for pricing
      1,287 SF

      St Augustine Office Space Available

      Office space available for rent in St Augustine, Florida.
      300 Health Park Blvd, St Augustine, FL 32086
      View Details
    • $27 SF/Yr
      3,055 SF

      St. Augustine Office Space Available

      Office space available for lease in St. Augustine, Florida.
      301 Health Park Blvd, St Augustine, FL 32086
      View Details
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    150 Southpark Blvd
    St Augustine, FL 32086
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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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