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Property profile & analytics
FOR SALE
Drive through restaurants
47 Cordova St St Augustine, FL 32084
Entity Owned
6-yr Hold
Free & Clear
Property ID
US18-3509603
For Sale
1 / 77
$1,775,000
47 Cordova St, St Augustine, FL 32084
View Listing →
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1900
Construction
WOOD
Total area
2,004 SF
Lot
0.06 ac (2,614 SF)
APN
198070 0000
UPID
US18-3509603
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
-
ChocoLattes Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$1.02M
Owner & transaction history
Sandbar Reh LLC · 6 yrs held
Sandbar Reh LLC
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 St Augustine submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs St 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
$955,000
Current use
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±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
$509 / 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
$9,581
Tax year 2023
Assessed value
$681,832
Assessed 2023
Previous assessed
$681,832
+0.0% YoY
Effective rate
1.41%
On assessed value
Land market value
$300,610
Improvement market value
$381,222
Total market value
$681,832
Applied tax rate
452.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
For Sale
Year built
1900
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
2,004 SF
Lot
0.06 ac (2,614 SF)
APN
198070 0000
UPID
US18-3509603
Jurisdiction
ST JOHNS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$955,000
RESTAURANT Current
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
1900
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
Sandbar Reh LLC
Entity
Free & Clear · 6 yrs held
Mailing address
121 OYSTER CATCHER CIR, SAINT AUGUSTINE, FL 32080-5373
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Mar 10, 2020
—
Sandbar Reh LLC
Beverley Soon-shiong
Correction Deed
related
—
Jul 17, 2019
—
Olde City Holdings INC
—
Deed
related
$486,164 · Reunion Bk/fl
Aug 30, 2018
—
Dallaire,lisa M Living Trust
Olde City Holdings INC
Grant Deed
—
Feb 8, 2017
—
Dallaire,lisa M Living Trust
Old City Holdings INC
Quit Claim Deed
—
May 10, 2013
—
Olde City Holdings INC
Dallaire,lisa M
Warranty Deed
$560,000 · Reunion Bank Of Florida
Jul 30, 2012
$355,000
Lisa Dallaire
Yarbrough,elvin P JR
Warranty Deed
—
—
—
Elvin P Yarbrough JR.
—
Deed Of Trust
related
$245,000 · Bank Of St Augustine
—
—
Olde City Holdings INC
—
Loan Modification
related
$486,164 · Reunion Bk/fl
—
—
Olde City Holdings INC
—
Loan Modification
related
—
—
—
Elvin P Yarbrough
—
Deed Of Trust
related
$250,000 · Bank Of St Augustine
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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