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Property profile & analytics
FOR LEASE
Strip malls
155 Palencia Village Dr, St Augustine, FL 32095
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-2532641
For Lease
1 / 9
$37 SF/Yr
155 Palencia Village Dr, St Augustine, FL 32095
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
22,669 SF
Lot
3.96 ac (172,715 SF)
APN
072420 0491
UPID
US18-2532641
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.50M
CAP Approach
CAP
$4.23M
Comparable Approach
Comparable
$4.16M
Blend (final)
Blend
$6.50M
Owner & transaction history
Sleiman Centers LLC · 1 yrs held
Sleiman Centers LLC
since 2024
Last sale
$6.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.4M
+80.9%
Commercial (general)
$8.3M
+43.8%
Auto repair, garage
$5.9M
+2.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs St Augustine submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs St Augustine submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$6,500,000
ML approach
$6,500,000
CAP Approach
CAP Return
Estimation
6%
$4,575,000
6.5%
$4,225,000
7%
$3,920,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,765,000
Current use
RESTAURANT
$10,420,000
Change: +81% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,285,000
Change: +44% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,925,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$5,790,000
Change: +0% · Conversion: Difficult
RETAIL STORES
$5,590,000
Change: -3% · Conversion: Easy
OFFICE BUILDING
$4,910,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$6.50M
Range $5.85M – $7.15M · ±10% · vs last sale $6.50M (Aug 22 2024)
Last sale anchor
$6.50M
Aug 22 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$287 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$70,330
Tax year 2023
Assessed value
$3,864,919
Assessed 2023
Previous assessed
$2,865,548
+34.9% YoY
Effective rate
1.82%
On assessed value
Land market value
$1,381,705
Improvement market value
$2,483,214
Total market value
$3,864,919
Applied tax rate
402.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
22,669 SF
Lot
3.96 ac (172,715 SF)
APN
072420 0491
UPID
US18-2532641
Jurisdiction
ST JOHNS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$5.8M
RESTAURANT
Est. value
$10.4M
COMMERCIAL (GENERAL)
Est. value
$8.3M
AUTO REPAIR, GARAGE
Est. value
$5.9M
MEDICAL BUILDING
Est. value
$5.8M
RETAIL STORES
Est. value
$5.6M
OFFICE BUILDING
Est. value
$4.9M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
3.96 ac
Current owner
From public records · entity-resolved
Sleiman Centers LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2701 E CAMELBACK RD STE #150, PHOENIX, AZ 85016-4324
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2024
—
Mercado Walk LLC
—
Deed
related
$4,753,500 · Inb National Association
Aug 22, 2024
$6,500,000
Sleiman Centers LLC
Jonathan Larmore
Deed
—
Jun 28, 2017
—
Ata Mercado St Augustine Fl Ll
—
Deed
related
$2,550,000 · Miscellaneous Ins Co
Jun 20, 2012
—
7440 Us Highway 1 N LLC
Crm Fl Properties LLC
Grant Deed
related
—
Jun 15, 2012
$3,050,000
Ata Mercado St. Augustine Fl Ll
Crm Fl Properties LLC
Grant Deed
$2,170,000 · Assurity Life Insurance Co
Feb 6, 2012
—
Crm Fl Properties LLC
Crm Fl Properties LLC
Quit Claim Deed
—
Dec 16, 2010
—
Crm Fl Properties LLC
Palencia Coml Venture Coc
Trustees Deed
related
—
Feb 8, 2006
—
Marshall Creek Ltd
State Of Fl Dept Of Transportation
Quit Claim Deed
related
—
Jun 16, 2005
$3,356,500
Palencia Coml Venture LLC
Marshall Creek Ltd
Grant Deed
$2,050,000 · Suntrust Bank NA
—
—
Ata Mercado St Augustine Fl Ll
—
Loan Modification
related
$2,550,000 · Miscellaneous Ins Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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