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2515 County Road 208, St Augustine, FL 32092
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Property summary
AI-generated overview
This 1,680 square foot single-tenant retail building is located at 2515 County Road 208 in St. Augustine, Florida, zip code 32092. Situated on a 0.69-acre lot, the property offers ample space for a variety of commercial uses. Built in 1978, the building is currently vacant and ready for immediate occupancy. The property is classified as commercial retail and is ideal for a single tenant seeking a prominent location in St. Johns County. The entire 1,680 square feet is available for lease. This presents a unique opportunity for businesses looking to establish or expand their presence in a thriving area of St. Augustine. The property's location on County Road 208 provides excellent visibility and accessibility. Interested parties are encouraged to explore the potential of this well-positioned retail space. The property is zoned for commercial use and offers significant potential for a variety of businesses. The building's size and layout provide flexibility for customization to meet specific tenant needs. This is a rare opportunity to secure a prime retail location in a desirable area of St. Augustine.
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,148 SF
Lot
0.69 ac (30,000 SF)
Zoning code
CHT
APN
087440 0010
UPID
US18-2784240
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.45M
Blend (final)
Blend
$1.57M
Owner & transaction history
since 2022
Last sale
$1.9M
5 recorded transactions
Zoning & alternative use
CHT · Saint Augustine, FL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.57M
Value range
$1.41M – $1.72M
±10% around blend
Estimated value / SF
$729 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
30
$1.41M
blend $1.57M
$1.72M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,148 SF
Lot area
0.69 ac
Year built
1978
Stories
1
APN
087440 0010
Zoning
CHT
Assessed value
$1,422,800
Annual tax
$18,145
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.70M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
23.1 mi away · 2,335 SF
24.6 mi away · 2,248 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.57M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 50 sales
$460
+58%
County 62 sales
$483
+51%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $729/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.88M
Move the market yield to see immediate price impact.
Value / SF
$874
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$118k
$2.37M
$1.69M
$1.31M
$131k
$2.63M
$1.88M
$1.46M
$145k
$2.89M
$2.06M
$1.61M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$535k
5.7 mi · Mar 2026 · $351/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$18,145
Tax year 2023
Assessed value
$1,422,800
Assessed 2023
Previous assessed
$588,960
+141.6% YoY
Effective rate
1.28%
On assessed value
Land market value
$360,000
Improvement market value
$1,062,800
Total market value
$1,422,800
Applied tax rate
450.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
For Lease
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
2,148 SF
Lot
0.69 ac (30,000 SF)
Zoning code
CHT
APN
087440 0010
UPID
US18-2784240
Jurisdiction
ST JOHNS
Zoning & alternative use
CHT · Saint Augustine, FLZoning CHT · permitted uses
CHT · Saint Augustine, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.69 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CHT
Jurisdiction
Saint Augustine, FL
Recorded code
CHT
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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