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    3800 S Francis Rd St Augustine, FL 32092
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    3800 S Francis Rd St Augustine, FL 32092

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    • Commercial land
    Off-Market
    Property ID
    US18-4146604
    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

    • Commercial land

    Property Details for 3800 S Francis Rd

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    This property is located on the corner of two of the fastest growing thoroughfares in Saint Johns County. Both State Road 16 and S. Francis Rd. are destined for four lanes. With traffic coming from World Golf Village the new Buc-ees, and the proposed Costco on S. Francis Rd., from the north, and from the ever-growing east/west traffic on State Route 16. This commercial site will only continue to grow in traffic density and value. Water and sewer to the property line on the State Rd 16 side. 1 or 2 old wells on property. Has street light and electric drop on property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    St Augustine
    County
    St. Johns
    State
    Florida
    Longitude
    -81.4625702
    Latitude
    29.9588242

    Comparable in this City

    • $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
    • $899,000
      8.13 Acres

      St Augustine Land Development Opportunity

      8.13 acres of vacant land prime for development.
      7070 State Road 16, St Augustine, FL 32092
      View Details
    • $899,000
      8.13 Acres

      Prime Land at Crossroads of Progress

      8.13 acres of vacant land in a high-growth area.
      7070 State Road 16, St Augustine, FL 32092
      View Details
    • Contact for pricing

      Saint Augustine Development Opportunity

      8.13 acres of vacant land in a high-growth area.
      7070 Fl-16, St Augustine, FL 32092
      View Details
    • Contact for pricing

      Development Opportunity Near Silverleaf Entrance

      Mixed-use development opportunity in a rapidly growing area.
      5680 State Road 16, St Augustine, FL 32092
      View Details

    Similar Nearby for Sale

    • $899,000
      8.13 Acres

      St Augustine Land Development Opportunity

      8.13 acres of vacant land prime for development.
      7070 State Road 16, St Augustine, FL 32092
      View Details
    • $899,000
      8.13 Acres

      Prime Land at Crossroads of Progress

      8.13 acres of vacant land in a high-growth area.
      7070 State Road 16, St Augustine, FL 32092
      View Details
    • Contact for pricing

      Saint Augustine Development Opportunity

      8.13 acres of vacant land in a high-growth area.
      7070 Fl-16, St Augustine, FL 32092
      View Details
    • Contact for pricing

      Development Opportunity Near Silverleaf Entrance

      Mixed-use development opportunity in a rapidly growing area.
      5680 State Road 16, St Augustine, FL 32092
      View Details
    • $2,700,000
      23.43 Acres

      St. Augustine Land For Sale

      23.43 acres of commercial land in St. Augustine, Florida.
      6489 State Road 16, St Augustine, FL 32092
      View Details
    • $499,999
      1.50 Acres

      St. Augustine Commercial Land

      1.5 acres of land near St. Augustine, Florida.
      2981 Pacetti Rd, St Augustine, FL 32092
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      St. Johns County Land

      Located on SR 16 West of I-95.
      2780 State Road 16, St 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
    • 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

      QSR Building For Sublease

      1,680 SF QSR building available for sublease.
      2515 County Road 208, 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
    • $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
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    3800 S Francis Rd
    St 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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