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Property profile & analytics
OFF-MARKET
Estimated value
$14,790,000
Warehouses
4800 Us Hwy 1st S Saint Augustine, FL 32086-7734
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US18-3443314
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
107,404 SF
Lot
3.33 ac (145,055 SF)
Zoning code
CI
APN
181950 0000
UPID
US18-3443314
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.17M
Blend (final)
Blend
$14.79M
Owner & transaction history
Sovran Acquisition LP · 13 yrs held
Sovran Acquisition LP
since 2012
7 recorded transactions
Zoning & alternative use
CI · Saint Augustine, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$23.3M
+73.6%
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 Saint Augustine submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saint 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
WAREHOUSE, STORAGE
$13,395,000
Current use
OFFICE BUILDING
$23,260,000
Change: +74% · Conversion: Difficult
Blend value · Realmo final
$14.79M
Range $13.31M – $16.27M · ±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
$138 / 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
$100,993
Tax year 2023
Assessed value
$11,280,300
Assessed 2023
Previous assessed
$7,440,500
+51.6% YoY
Effective rate
0.90%
On assessed value
Land market value
$387,007
Improvement market value
$10,893,293
Total market value
$11,280,300
Applied tax rate
300.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Total area
107,404 SF
Lot
3.33 ac (145,055 SF)
Zoning code
CI
APN
181950 0000
UPID
US18-3443314
Jurisdiction
ST JOHNS
Zoning & alternative use
CI · Saint Augustine, FL
Zoning CI · permitted uses
CI · Saint Augustine, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Saint Augustine. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$13.4M
OFFICE BUILDING
Est. value
$23.3M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
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
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
4
Lot
3.33 ac
Current owner
From public records · entity-resolved
Sovran Acquisition LP
Entity
Mailing address
PO BOX 71870, SALT LAKE CITY, UT 84171-0870
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2012
$24,141
Sovran Acquisition LP
St Augustine-us 1 Joint Ventur
Grant Deed
—
Aug 7, 2006
—
St Augustine-us 1 Jv LLC
Climatized Dev St Augustine Ll
Quit Claim Deed
related
$6,205,000 · Suntrust Bank NA
Dec 9, 2005
$795,000
Climatized Dev St. Augustine Ll
Mckee,james S
Warranty Deed
$596,250 · Bank Of America
May 6, 2003
$225,000
James S Mckee
Herschler,hayes
Grant Deed
$148,768 · Prosperity Bank
—
—
James S Mckee
—
Deed Of Trust
related
$50,000 · Prosperity Bank
—
—
St Augustine-us 1 Jv LLC
—
Deed Of Trust
related
$6,205,000 · Bankatlantic Fsb
—
—
St Augustine-us 1 Jv LLC
—
Deed Of Trust
related
$6,205,000 · Bankatlantic Fsb
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.
Try Rey
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