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    Property profile & analytics

    21 World Golf Pl Saint Augustine, FL 32092

    • Office buildings
    • 34,282 SF
    • 1.02 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5598622
    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

    • PGA Tour Entertainment / Corporate Office / Business Park

    Property Details for 21 World Golf Pl

    Year built
    1997
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.02 lot acres
    Property size
    34,282 SF
    Zone code
    DRI
    Property type
    Office buildings
    APN
    027010 0070
    APU
    270100070

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,208,000
      Market price range: $4.21M - $10.4M
      AI Estimate
      $4,876,000
      Market price range: $4.88M - $10.7M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $7,425,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Augustine
    County
    St. Johns
    State
    Florida
    Longitude
    -81.4701
    Latitude
    29.9928
    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
    $36,377
    $0.00
    $0.00
    $3,236,789
    -
    $311,017
    $2,925,772
    $3,236,789

    Comparable in this City

    • Value Estimation
      $910,000
      6,874 SF

      200 Legacy Trl

      OFFICE BUILDING • 6,874 SF
      200 Legacy Trl, Saint Augustine, FL 32092-2718
      View Details
    • Value Estimation
      $1,380,000
      10,888 SF

      3629 Pacetti Rd

      PROFESSIONAL BUILDING • 10,888 SF
      3629 Pacetti Rd, Saint Augustine, FL 32092-3412
      View Details
    • Value Estimation
      $1,555,000
      5,536 SF

      134 Registry Blvd

      PROFESSIONAL BUILDING • 5,536 SF
      134 Registry Blvd, Saint Augustine, FL 32092-3651
      View Details
    • Value Estimation by Request
      2,784 SF

      Saint Augustine, FL 32092

      OFFICE BUILDING • 2,784 SF
      Saint Augustine, FL 32092
      View Details
    • Value Estimation
      $7,395,000
      33,468 SF

      101 Town Pl

      OFFICE BUILDING (MULTI-STORY) • 33,468 SF
      101 Town Pl, Saint Augustine, FL 32092-2767
      View Details
    • Value Estimation
      $1,775,000
      10,000 SF

      3400 Agricultural Ctr Dr

      OFFICE BUILDING • 10,000 SF
      3400 Agricultural Ctr Dr, Saint Augustine, FL 32092-0890
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      32,329 SF

      World Golf Village Office Building

      32,329± SF office building on 37.09± acres.
      21 World Golf Pl, Saint Augustine, FL 32092
      View Details
    • Contact for pricing

      Prime Commercial Land Opportunity

      Available land for retail, office, medical, or recreational development.
      5885 State Road 16, Saint Augustine, FL 32092
      View Details
    • Contact for pricing

      Commercial Land on SR-16

      5-10 acre commercial land for sale with utilities available.
      5865 Florida 16, St Augustine, FL 32092
      View Details
    • $499,999
      1.50 Acres

      St. Augustine Open Rural Land

      1.5 acres of versatile land near St. Augustine.
      2981 Pacetti Rd, St Augustine, FL 32092
      View Details
    • $785,000
      2.23 Acres

      St. Augustine Commercial Land - $785,000

      2.23 Acres, High Visibility, Commercial Zoning
      5500 State Road 13, St. Augustine, FL 32092
      View Details
    • $899,000
      8.13 Acres

      Prime Land in St. Augustine

      8.13 acres of vacant land at major intersection.
      7070 State Road 16, St Augustine, FL 32092
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      190,000 SF

      Elevation Pointe Medical Office Space

      St. Johns County, FL Medical Office Suites
      0 Elevation Pointe, Green Cove Springs, FL 32092
      View Details
    • Contact for pricing

      Publix Anchored Shopping Center Space

      Retail and office spaces available in a busy shopping center.
      84 Tuscan Way, Saint Augustine, FL 32092
      View Details
    • $26 SF/Yr
      1,831 SF

      Office Space Near World Golf

      Office space for lease near World Golf Village entrance.
      475 W Town Pl, St Augustine, FL 32092
      View Details
    • $26 SF/Yr
      2,630 SF

      St. Augustine Office Space Available

      Two-story office building with customizable suites and convenient location.
      101 E Town Pl, St Augustine, FL 32092
      View Details
    • $2,295 /Mo
      1,102 SF

      St. Augustine Professional Office Condo

      Professional office condo for lease in World Golf Village.
      135 Land Grant St, St Augustine, FL 32092
      View Details
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    21 World Golf Pl
    Saint Augustine, FL 32092
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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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