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

    1955 State Rd 16 Saint Augustine, FL 32084-0811

    • Warehouses
    • 7,500 SF
    • 7.70 lot acres
    OFF-MARKET
    Last Sale
    Jul 09, 2020
    $1,161,500
    Value Estimations
    $1,280,000
    Show details
    Cap Rate Potential
    4.2%
    Warehouses
    Location Intelligence
    Property ID
    US18-7248300
    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

    • Warehouses

    Property Details for 1955 State Rd 16

    Year built
    2018
    Construction
    STEEL FRAME
    Lot size
    7.70 lot acres
    Property size
    7,500 SF
    Property type
    Warehouses
    APN
    088115 0000
    APU
    881150000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,525,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,070,000
      6.5%
      $990,000
      7%
      $920,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,426,000
      Market price range: $569k - $1.43M
      AI Estimate
      $1,426,000
      Market price range: $569k - $1.43M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $930,000
      Current use
      AUTO REPAIR, GARAGE
      $1,960,000
      Change: +110% Conversion: Easy
      MEDICAL BUILDING
      $1,915,000
      Change: +106% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,905,000
      Change: +105% Conversion: Moderate
      RETAIL STORES
      $1,800,000
      Change: +93% 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
    -81.3947
    Latitude
    29.9113
    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
    $25,022
    $0.00
    $0.00
    $2,969,392
    -
    $2,373,577
    $595,815
    $2,969,392

    Comparable in this City

    • Value Estimation
      $660,000
      5,400 SF

      Saint Augustine, FL 32084

      MINI-WAREHOUSE, STORAGE • 5,400 SF
      Saint Augustine, FL 32084
      View Details
    • Value Estimation
      $2,765,000
      18,000 SF

      1701 Lakeside Ave

      WAREHOUSE, STORAGE • 18,000 SF
      1701 Lakeside Ave, Saint Augustine, FL 32084-4104
      View Details
    • Value Estimation by Request
      2,580 SF

      633 Madeore St

      WAREHOUSE, STORAGE • 2,580 SF
      633 Madeore St, Saint Augustine, FL 32084-4064
      View Details
    • Value Estimation by Request
      0.29 Acres

      240 Cantio Ave

      STORAGE YARD (JUNK, SALVAGE) • 0.29 Acres
      240 Cantio Ave, Saint Augustine, FL 32084-2506
      View Details
    • Value Estimation
      $2,780,000
      36,684 SF

      11 Palmer St

      MINI-WAREHOUSE, STORAGE • 36,684 SF
      11 Palmer St, Saint Augustine, FL 32084
      View Details
    • Value Estimation by Request
      4,846 SF

      Saint Augustine, FL 32084

      STORAGE YARD, OPEN STORAGE • 4,846 SF
      Saint Augustine, FL 32084
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,570 SF

      Industrial Property Sale-Leaseback Opportunity

      Industrial property with a guaranteed sale-leaseback from Rentokil North America.
      128 Masters Dr, Saint Augustine, FL 32084
      View Details
    • $825,000
      2,080 SF

      New Flex Space Near Downtown

      New flex space near downtown St. Augustine with versatile features.
      96 Fred Waters Way, St Augustine, FL 32084
      View Details
    • $2,950,000
      2.20 Acres

      St. Augustine Warehouse/Office For Sale

      2.20-acre property with warehouse/office and expansion potential.
      3705 Old Lewis Speedway, St Augustine, FL 32084
      View Details
    • $12,000,000

      SR-16 Development Opportunity

      17+ acres on SR-16, St. Augustine. RV park and storage.
      1425 Sr 16, St Augustine, FL 32084
      View Details
    • $2,500,000
      10.14 Acres

      St. Augustine Industrial Land - $2.5M

      10-Acre Industrial Development Site in St. Augustine, FL
      3240 Parker Dr, St. Augustine, FL 32084
      View Details
    • $1,200,000
      1.23 Acres

      St Augustine Commercial Opportunity

      1.23 acre commercial parcel with improvements near I-95.
      2825 Industry Center Rd, St Augustine, FL 32084
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      8,320 SF

      St. Augustine Flex Space - 8,320 SF

      Prime St. Augustine flex space, 1.33 acres.
      840 King St, St. Augustine, FL 32084
      View Details
    • $300 /Mo
      9,000 SF

      Historic San Marco Commercial Space

      Uptown St. Augustine gem: lease now!
      239 San Marco Ave, St. Augustine, FL 32084
      View Details
    • Contact for pricing

      St. Augustine Industrial/Flex Space

      Climate-controlled industrial/flex space with easy access to major highways.
      Saint Augustine, FL 32084
      View Details
    • $1,875 /Mo

      St. Augustine Industrial Flex Space

      Industrial flex space for lease with versatile layouts and accessibility.
      1731 Dobbs Rd, St Augustine, FL 32084
      View Details
    • $3 SF/Yr
      53,579 SF

      Prime Commercial Land Lease Opportunity

      High-visibility commercial land near downtown St. Augustine for lease.
      303 S Ponce De Leon $3 Sqft, St Augustine, FL 32084
      View Details
    • Contact for pricing

      45 Village Crossing Ct

      Land
      45 Village Crossing Ct, St. Augustine, FL 32084
      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.
    1955 State Rd 16
    Saint Augustine, FL 32084-0811
    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.