Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    2575 State Road 16 St Augustine, FL 32092
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2575 State Road 16 St Augustine, FL 32092

    View on Map
    • Retail space
    • 17,027 SF
    • 1.34 lot acres
    For Lease
    $12 SF/Yr
    View Listing →
    High-Visibility St. Augustine Retail Building For Lease
    $12 SF/Yr
    16,446 SF

    High-Visibility St. Augustine Retail Building

    Prime location near I-95 and St. Augustine Premium Outlets.

    2575 State Road 16, St Augustine, FL 32092
    View Listing
    Property ID
    US19-0450501
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 2575 State Road 16

    Year built
    1996
    Construction
    STEEL FRAME
    Lot size
    1.34 lot acres
    Property size
    17,027 SF
    Zone code
    PUD
    Property type
    Retail space
    APN
    087420 0060
    APU
    874200060

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,725,000
      Market price range: $2.73M - $5.69M
      AI Estimate
      $2,707,000
      Market price range: $2.71M - $5.64M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $4,200,000
      Current use
      AUTO REPAIR, GARAGE
      $4,450,000
      Change: +6% Conversion: Difficult
      MEDICAL BUILDING
      $4,350,000
      Change: +4% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $4,330,000
      Change: +3% Conversion: Moderate
      OFFICE BUILDING
      $3,690,000
      Change: -12% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Augustine
    County
    St. Johns
    State
    Florida
    Longitude
    -81.4167
    Latitude
    29.92
    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
    $15,387
    $0.00
    $0.00
    $1,219,212
    -
    $526,761
    $692,451
    $1,219,212

    Comparable in this City

    • Value Estimation
      $640,000
      4,000 SF

      6355 County Rd 208

      RETAIL STORES (PERSONAL SERVICES) • 4,000 SF
      6355 County Rd 208, Saint Augustine, FL 32092-0387
      View Details
    • Value Estimation
      $1,340,000
      8,400 SF

      6400 County Rd 214

      RETAIL STORES (PERSONAL SERVICES) • 8,400 SF
      6400 County Rd 214, Saint Augustine, FL 32092-9301
      View Details
    • Value Estimation
      $900,000
      4,560 SF

      4606 State Rd 16

      RETAIL STORES (PERSONAL SERVICES) • 4,560 SF
      4606 State Rd 16, Saint Augustine, FL 32092-0600
      View Details
    • Value Estimation
      $1,560,000
      6,050 SF

      3510 Agricultural Ctr Dr

      RETAIL STORES (PERSONAL SERVICES) • 6,050 SF
      3510 Agricultural Ctr Dr, Saint Augustine, FL 32092-0909
      View Details
    • Value Estimation
      $545,000
      1,720 SF

      8430 County Rd 13th N

      RETAIL STORES (PERSONAL SERVICES) • 1,720 SF
      8430 County Rd 13th N, Saint Augustine, FL 32092-2408
      View Details
    • Value Estimation
      $2,275,000
      6,840 SF

      5465 State Rd 16

      RETAIL STORES (PERSONAL SERVICES) • 6,840 SF
      5465 State Rd 16, Saint Augustine, FL 32092
      View Details

    Similar Nearby for Sale

    • 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
    • Contact for pricing

      New Mixed-Use Development in St. Augustine

      Publix-anchored development with apartments, townhomes, and commercial space.
      Cr 208 & Sr-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
    • $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
    • Contact for pricing

      2.85 Acres I-95 Frontage

      2.85 acres of commercial land with I-95 frontage.
      Commercial Dr, Saint Augustine, FL 32092
      View Details

    Similar Nearby for Lease

    • $38 SF/Yr
      17,485 SF

      Retail Space in World Golf

      New retail lease space available in St. Augustine, Florida.
      190 Registry Blvd, St Augustine, FL 32092
      View Details
    • Contact for pricing

      Retail Space in Affluent Area

      Retail space with high visibility and accessibility in St. Augustine.
      2845 County Road 210 W, St Augustine, FL 32092
      View Details
    • Contact for pricing

      Retail Space Near I-95

      Two-tenant building near I-95 in St. Augustine.
      2575 State Road 16, St Augustine, FL 32092
      View Details
    • Contact for pricing

      Retail Space in Growing Corridor

      Retail space with high visibility in a growing residential area.
      150 Village Commons Dr, St Augustine, FL 32092
      View Details
    • $2,500 /Mo
      49,658 SF

      Retail Space in St Augustine

      1,500 SF retail space available for lease in St. Augustine.
      9155 County Road 13 N, St Augustine, 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
    View Listing
    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.
    2575 State Road 16
    St Augustine, FL 32092
    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!