Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    198 King St Saint Augustine, FL 32084
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    198 King St Saint Augustine, FL 32084

    View on Map
    • Commercial land
    • 696 SF
    • 1.07 lot acres
    Off-Market
    Property ID
    US18-4857898
    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.
    Value Estimations
    $1,500,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 198 King St

    Year built
    1945
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.07 lot acres
    Property size
    696 SF
    Property type
    Commercial land
    APN
    111200 0000
    APU
    1112000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,500,000
      Market price range: $117k - $1.50M
      AI Estimate
      $1,500,000
      Market price range: $117k - $1.50M

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Augustine
    County
    St. Johns
    State
    Florida
    Longitude
    -81.3259
    Latitude
    29.8912
    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
    $9,934
    $0.00
    $0.00
    $578,715
    -
    $561,504
    $17,211
    $578,715

    Comparable in this City

    • Value Estimation by Request
      0.12 Acres

      King St

      VACANT COMMERCIAL LAND • 0.12 Acres
      King St, Saint Augustine, FL 32084
      View Details
    • Value Estimation by Request
      0.11 Acres

      King St

      VACANT COMMERCIAL LAND • 0.11 Acres
      King St, Saint Augustine, FL 32084
      View Details
    • Value Estimation by Request
      0.13 Acres

      136 Masters Dr

      VACANT COMMERCIAL LAND • 0.13 Acres
      136 Masters Dr, Saint Augustine, FL 32084-3173
      View Details
    • Value Estimation by Request
      2.52 Acres

      3255 Parker Dr

      VACANT COMMERCIAL LAND • 2.52 Acres
      3255 Parker Dr, Saint Augustine, FL 32084-0892
      View Details
    • Value Estimation by Request
      1.02 Acres

      Pne St

      VACANT COMMERCIAL LAND • 1.02 Acres
      Pne St, Saint Augustine, FL 32084
      View Details
    • Value Estimation by Request
      0.16 Acres

      Rodriquez St

      VACANT COMMERCIAL LAND • 0.16 Acres
      Rodriquez St, Saint Augustine, FL 32084
      View Details

    Similar Nearby for Sale

    • $2,295,000
      2.54 Acres

      Commercial Land on State Road

      Commercial land with frontage on SR 207 in St. Augustine.
      1475 State Road 207, St Augustine, FL 32084
      View Details
    • $1,100,000
      2.57 Acres

      St. Augustine Commercial Land Opportunity

      2.5+ acre commercial parcel in rapidly expanding St. Johns County.
      1770 Woodlawn Rd, St Augustine, FL 32084
      View Details
    • $495,000
      1.19 Acres

      Prime Commercial Corner Land Available

      1.19 acre corner parcel in established commercial corridor.
      3695 Lewis Speedway, St Augustine, FL 32084
      View Details
    • $700,000

      Prime Land Near St. Augustine

      2.06 acres near I-95 and St. Augustine Outlets.
      State Road 16, St Augustine, FL 32084
      View Details
    • $800,000

      Prime Commercial Land Opportunity

      Land near I-95 and St. Augustine Premium Outlets.
      2335 Sr 16, St Augustine, FL 32084
      View Details
    • $499,000
      1.77 Acres

      Prime Commercial Land in St. Augustine

      1.77 acres ideal for retail, office, or restaurant development.
      Stratton Blvd, St Augustine, FL 32084
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land on SR 207

      0.9 acre commercial land for lease on SR 207.
      State Road 207, Saint 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

      Commercial Land Near Epic Theatres

      Commercial land for rent near Epic Theatres complex.
      State Road 207, Saint Augustine, FL 32084
      View Details
    • Contact for pricing

      Industrial Land in Saint Augustine

      Spacious acreage ideal for industrial storage in St. Augustine.
      1St St, Saint Augustine, FL 32084
      View Details
    • Contact for pricing

      St. Augustine Shopping Strip

      Shopping strip undergoing exterior renovation with space for lease.
      1590 Us Highway 1, St Augustine, FL 32084
      View Details
    • Contact for pricing

      Multi-Use Site in St. Augustine

      Prime multi-use site near downtown St. Augustine available for lease.
      840 W King St, 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.
    198 King St
    Saint Augustine, FL 32084
    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.
    Sign Up Successful!
    You now have access to more from Realmo!