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    238 San Marco Ave Saint Augustine, FL 32084-2727
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    Property profile & analytics

    238 San Marco Ave, Saint Augustine, FL 32084-2727

    View on Map
    • Office buildings
    • 2,323 SF
    • 0.24 lot acres
    Off-Market
    Property ID
    US18-3347788
    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
    $730,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kids Bridge / Charitable Organization / Social Service Agency

    Property Details for 238 San Marco Ave

    Year built
    1890
    Construction
    WOOD
    Lot size
    0.24 lot acres
    Property type
    Office buildings
    APN
    155940 0000
    APU
    1559400000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 2, 2000 $193,000 Kids Bridge INC Mcintosh,william W Grant Deed $185k · Prosperity Bank
    Aug 1, 1997 $250,000 William W Mcintosh Thomas J Harkins Trustee Grant Deed $235k · Seller
    — — Kids Bridge INC — Deed Of Trust · related $100k · Prosperity Bank
    — — William W Mcintosh — Deed Of Trust · related $20k · Barnett Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $729,000
      Market price range: $370k - $970k
      AI Estimate
      $729,000
      Market price range: $370k - $970k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $755,000
      Current use
      AUTO REPAIR, GARAGE
      $605,000
      Change: -20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Augustine
    County
    St. Johns
    State
    Florida
    Longitude
    -81.3226
    Latitude
    29.9156
    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
    $8,335
    $0.00
    $0.00
    $482,906
    -
    $315,210
    $167,696
    $482,906

    Comparable in this City

    • Value Estimation
      $8,815,000
      42,564 SF

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      OFFICE BUILDING
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    • Value Estimation by Request
      2,268 SF

      1305 Old Dixie Hwy

      OFFICE BUILDING
      1305 Old Dixie Hwy, Saint Augustine, FL 32084-6213
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    • Value Estimation by Request
      1,394 SF

      6 Perpall St

      OFFICE BUILDING
      6 Perpall St, Saint Augustine, FL 32084-2715
      View Details
    • Value Estimation
      $2,020,000
      9,198 SF

      400 Ponce De Leon Blvd

      OFFICE BUILDING (MULTI-STORY)
      400 Ponce De Leon Blvd, Saint Augustine, FL 32084-3587
      View Details
    • Value Estimation
      $505,000
      1,886 SF

      450 State Rd 16

      OFFICE BUILDING
      450 State Rd 16, Saint Augustine, FL 32084-1953
      View Details
    • Value Estimation by Request
      1,559 SF

      79 Brg St

      OFFICE BUILDING
      79 Brg St, Saint Augustine, FL 32084-4335
      View Details

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      Downtown St. Augustine Commercial Property

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      9,600 SF

      Saint Augustine Leased Office Building

      9,600 SF office building, 100% leased, frontage on US-1.
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    • $3,200,000
      2.28 Acres

      St. Augustine Industrial Development Opportunity

      2.28 acres of industrial land with existing structures.
      1570-1590 Northwood Dr, St Augustine, FL 32084
      View Details
    • $2,495,000
      1,600 SF

      Historic Retail Property on San Marco

      Two-story historic retail property with live/work space in St. Augustine.
      63 San Marco Ave, St Augustine, FL 32084
      View Details

    Similar Nearby for Lease

    • $8,398 /Mo
      2,964 SF

      Downtown St. Augustine Office Space

      Professional office space in the heart of historic St. Augustine.
      5 Palm St, St Augustine, FL 32084
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    • Contact for pricing

      Retail Space in Winn Dixie Center

      Retail space available within a Winn Dixie anchored shopping center.
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    • $2,750 /Mo
      1,250 SF

      Office and Warehouse Flex Space

      Combined office and warehouse space available for rent in St. Augustine.
      235 State Road 207, St Augustine, FL 32084
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    • $2,100 /Mo
      19,796 SF

      Prime Commercial Space in St. Augustine

      Highly visible commercial space ideal for retail or service businesses.
      100 Center Creek Rd, St Augustine, FL 32084
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    • Contact for pricing
      2,213 SF

      Retail Space in St. Augustine

      Retail property with high traffic in historic St. Augustine.
      1570-1580 Us Highway 1 S, St Augustine, FL 32084
      View Details
    • Contact for pricing
      800 SF

      St. Johns Plaza Retail Space

      Retail space available in established St. Augustine shopping center.
      1010 S Ponce De Leon Blvd, St Augustine, FL 32084
      View Details
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    238 San Marco Ave
    Saint Augustine, FL 32084-2727
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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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