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Property profile & analytics
OFF-MARKET
Estimated value
$2,375,000
Strip malls
375 Paseo Reyes Dr, Saint Augustine, FL 32095
Entity Owned
9-yr Hold
Free & Clear
Property ID
US18-6254762
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,322 SF
Lot
1.88 ac (81,980 SF)
Zoning code
DRI
APN
072420 0490
UPID
US18-6254762
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dr. Kavin Patel Dental Office
-
Clayton Celander Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.37M
Blend (final)
Blend
$2.38M
Owner & transaction history
Gateway Village Center LLC · 9 yrs held
Gateway Village Center LLC
since 2016
7 recorded transactions
Zoning & alternative use
DRI · Saint Augustine, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.4M
+80.9%
Commercial (general)
$1.9M
+43.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Saint Augustine submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saint Augustine submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,445,000
Change: +81% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,945,000
Change: +44% · Conversion: Easy
Blend value · Realmo final
$2.38M
Range $2.14M – $2.61M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$446 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$45,490
Tax year 2023
Assessed value
$2,206,707
Assessed 2023
Previous assessed
$1,619,108
+36.3% YoY
Effective rate
2.06%
On assessed value
Land market value
$983,520
Improvement market value
$1,223,187
Total market value
$2,206,707
Applied tax rate
402.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
5,322 SF
Lot
1.88 ac (81,980 SF)
Zoning code
DRI
APN
072420 0490
UPID
US18-6254762
Jurisdiction
ST JOHNS
Zoning & alternative use
DRI · Saint Augustine, FL
Zoning DRI · permitted uses
DRI · Saint Augustine, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Saint Augustine. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$1.9M
RESTAURANT
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
1.88 ac
Current owner
From public records · entity-resolved
Gateway Village Center LLC
Entity
Free & Clear · 9 yrs held
Mailing address
PO BOX 52085, PHOENIX, AZ 85072-2085
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2021
—
Anastasia Plaza Leasing LLC
—
Deed
related
$800,000 · Wells Fargo Bank NA
Jan 25, 2017
—
Gateway Village Center LLC
—
Deed
related
$700,000 · Ameris Bk
Aug 29, 2016
—
Gateway Village Center LLC
Anastasia Plaza Leasing LLC
Quit Claim Deed
related
—
Aug 22, 2016
—
Gateway Village Center LLC
Anastasia Plaza Leasing LLC
Quit Claim Deed
related
—
May 14, 2014
$350,000
Anastasia Plaza Leasing LLC
Crm Florida Properties LLC
Grant Deed
—
Mar 29, 2011
—
Crm Fle Properties LLC
Mant II LLC Coc
Trustees Deed
related
—
Sep 26, 2006
$3,450,000
Mant II LLC
Marshall Creek Ltd
Grant Deed
$2,587,500 · Wachovia Bank NA
Mar 10, 2006
$1,808,700
Homesouth Rollings LLC
Marshall Creek Ltd
Special Warranty Deed
$1,175,597 · Synovus Bank Of Jacksonville
Jul 1, 2004
$1,081,900
Marshall Creek Ltd
Genesis Ltd
Grant Deed
—
—
—
Gateway Village Center LLC
—
Deed Of Trust
related
$700,000 · Ameris Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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