Property profile

389 Paseo Reyes Dr Saint Augustine, FL 32095

OFF-MARKET
Strip malls
Property ID
US18-8453789
14,104 SF 1.82 ac lot Built 2018
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,450 square foot retail storefront is situated within a thriving 18,000 square foot commercial development at 389 Paseo Reyes Dr, St. Augustine, FL 32095. Located in the desirable Palencia/World Golf Village submarket of St. Johns County, this property boasts unparalleled visibility and accessibility, fronting US Highway 1. The building, constructed in 2018, features a single story across three buildings and sits on a generous 4.79-acre lot. The property is zoned PUD and offers a strong tenant mix including a Circle K, a 13,800 square foot retail center, and a 4,200 square foot dental center. Other established businesses in the center include Joint Bagel, Cinco De Mayo, Honey & Sage, B social Boutique, CT Nail Spa, and Edward Jones. This space is part of a multi-tenant building with a total of seven suites. The property offers convenient amenities such as four recently installed EV charging stations. This is an ideal opportunity for businesses seeking high visibility and a strong customer base in a rapidly growing area. The minimum divisible space is 2,450 square feet, with a maximum contiguous space of 2,450 square feet also available. The cross street is Regalo Road.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2018
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 14,104 SF
Lot 1.82 ac (79,410 SF)
APN 072420 0494
UPID US18-8453789

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Nail Salon
  • Restaurant
  • (Bike/Boat/Book/etc) Store Bakery
  • Restaurant
  • Financial Advisor

Location

389 Paseo Reyes Dr Saint Augustine, FL 32095-8382
Saint Augustine metro Census 20606 JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.34M
Blend (final) Blend
$3.34M

Owner & transaction history

since 2018
2 recorded transactions
2018
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $5.2M +43.8%
Auto repair, garage $3.7M +2.8%
Medical building $3.6M +0.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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