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    Property profile & analytics
    OFF-MARKET Estimated value $3,340,000
    Strip malls

    389 Paseo Reyes Dr, Saint Augustine, FL 32095-8382

    14,104 SF 1.82 ac lot Built 2018
    Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US18-8453789
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • CT Nails & Spa Nail Salon
    • Your Pie Palencia Restaurant
    • Joint Bagel Co (Bike/Boat/Book/etc) Store Bakery
    • Cinco de Mayo Restaurant
    • Edward Jones - Financial Advisor: Lindsey J Taylor, CRPC™ Financial Advisor
    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
    Gateway Village Center LLC · 7 yrs held
    Gateway Village Center LLC
    since 2018
    2 recorded transactions
    2018
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $5.2M +43.8%
    Auto repair, garage $3.7M +2.8%
    Medical building $3.6M +0.5%
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