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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    400 Health Park Blvd Saint Augustine, FL 32086-5784

    • Hospitals
    • 250,465 SF
    • 25.80 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0442272
    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.

    Current Use by Public Records

    • Emergency Care Center at UF Health Flagler Hospital / Hospital
    • Flagler Hospital: Baker Donald J MD / Physician
    • Dr. Todd Broder, MD / Physician
    • Fresenius Medical Care at Flagler East Hospital / Hospital
    • Dr. Wilfredo Navarro, MD / Physician

    Property Details for 400 Health Park Blvd

    Year built
    1989
    Construction
    STEEL FRAME
    Lot size
    25.80 lot acres
    Property size
    250,465 SF
    Property type
    Hospitals
    APN
    135120 0050
    APU
    1351200050

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $56,259,000
      Market price range: $41.5M - $85.2M
      AI Estimate
      $56,259,000
      Market price range: $41.5M - $85.2M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $63,970,000
      Current use
      COMMERCIAL (GENERAL)
      $91,540,000
      Change: +43% Conversion: Easy
      AUTO REPAIR, GARAGE
      $65,470,000
      Change: +2% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $63,670,000
      Change: -0% Conversion: Difficult
      RETAIL STORES
      $61,760,000
      Change: -3% Conversion: Difficult
      OFFICE BUILDING
      $54,245,000
      Change: -15% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Augustine
    County
    St. Johns
    State
    Florida
    Longitude
    -81.3181
    Latitude
    29.8635
    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
    $30,807
    $0.00
    $0.00
    $49,673,033
    -
    $1,575,998
    $48,097,035
    $49,673,033

    Comparable in this City

    • Value Estimation
      $1,060,000
      5,424 SF

      264 Southpark E Cir

      MEDICAL BUILDING • 5,424 SF
      264 Southpark E Cir, Saint Augustine, FL 32086-5137
      View Details
    • Value Estimation
      $1,265,000
      4,149 SF

      212 Southpark E Cir

      MEDICAL BUILDING • 4,149 SF
      212 Southpark E Cir, Saint Augustine, FL 32086-5135
      View Details
    • Value Estimation by Request
      41,697 SF

      1999 Old Moultrie Rd

      HOMES (RETIRED, NURSING) • 41,697 SF
      1999 Old Moultrie Rd, Saint Augustine, FL 32086-5164
      View Details
    • Value Estimation
      $5,285,000
      15,534 SF

      Saint Augustine, FL 32086

      MEDICAL BUILDING • 15,534 SF
      Saint Augustine, FL 32086
      View Details
    • Value Estimation by Request
      4,898 SF

      100 Whetstone Pl

      Medical Office Space • 4,898 SF
      100 Whetstone Pl, St. Augustine, FL 32086
      View Details
    • Value Estimation by Request
      20,038 SF

      2820 Old Moultrie Rd

      HOMES (RETIRED, NURSING) • 20,038 SF
      2820 Old Moultrie Rd, Saint Augustine, FL 32086-5454
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Medical Office Near Flagler Hospital

      Medical office building near Flagler Hospital in St. Augustine.
      200 Southpark Blvd, Saint Augustine, FL 32086
      View Details
    • $165,000
      0.28 Acres

      Oversized Lot in St. Augustine

      Build your dream home near the beach and historic downtown.
      403 Segovia Rd, St Augustine, FL 32086
      View Details
    • $2,995,000
      7.82 Acres

      St. Augustine Commercial Land For Sale

      Prime commercial land with high visibility and traffic count.
      2940 Us Highway 1, St Augustine, FL 32086
      View Details
    • $1,300,000
      1.01 Acres

      St Augustine Commercial Land Opportunity

      Prime commercial land at high-traffic signalized corner in St. Augustine.
      107 E State Road 206, St Augustine, FL 32086
      View Details
    • $14,500,000
      19.67 Acres

      St. Augustine Land Assemblage Opportunity

      19.27 acre assemblage for residential or mixed-use development.
      1401 State Road 207, St Augustine, FL 32086
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      16,613 SF

      St. Augustine Office Space Available

      Prime St. Augustine Office, Multiple Uses
      200 Southpark Blvd, St. Augustine, FL 32086
      View Details
    • $60,000

      Versatile Building on Large Lot

      2,276 SF building on 3.97 acres with multiple uses.
      2706 Old Moultrie Rd, St Augustine, FL 32086
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Shore Village

      Neighborhood retail center with high visibility and strong traffic counts.
      209 Blackford Way, St Augustine, FL 32086
      View Details
    • Contact for pricing
      1,716 SF

      Office Space in St. Augustine

      Office space available for lease in St. Augustine, Florida.
      201 Health Park Blvd, St Augustine, FL 32086
      View Details
    • Contact for pricing
      1,260 SF

      Retail Space in St. Augustine

      Retail space in Publix-anchored shopping center near Flagler Hospital.
      200-440 C B L Dr, St Augustine, FL 32086
      View Details
    • Contact for pricing
      1,750 SF

      Industrial Flex Space Available

      Flex space available for lease near Flagler Hospital.
      1-5 Willard Dr, St Augustine, FL 32086
      View Details

    Property Visit Statistics

    • Visits by month
      44.0k
    • Visitors by month
      26.3k
    • Avg Time on site
      36 min
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    Saint Augustine, FL 32086-5784
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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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