Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    500 Legacy Trl Saint Augustine, FL 32092-2719
    Back to Search
    Property profile & analytics

    500 Legacy Trl Saint Augustine, FL 32092-2719

    View on Map
    • Hotels
    • 287,796 SF
    • 1.61 lot acres
    Off-Market
    Property ID
    US18-8452533
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Villagio Grille / Restaurant
    • St. Johns Convention Center at World Golf Village Drop Box / Business Service Center / Conference Center
    • EXP Con / Business Service Center / Conference Center
    • Encore / IT Consulting Firm / Tech Support Center
    • World Golf Village Renaissance St. Augustine Resort / Hotel & Motel

    Property Details for 500 Legacy Trl

    Year built
    1998
    Construction
    STEEL FRAME
    Lot size
    1.61 lot acres
    Property size
    287,796 SF
    Property type
    Hotels
    APN
    027010 0031
    APU
    270100031

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $65,772,000
      Market price range: $65.8M - $141M
      AI Estimate
      $65,772,000
      Market price range: $65.8M - $141M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $101,490,000
      Current use
      COMMERCIAL (GENERAL)
      $105,185,000
      Change: +4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Augustine
    County
    St. Johns
    State
    Florida
    Longitude
    -81.4684
    Latitude
    29.9903
    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
    $145,200
    $0.00
    $0.00
    $12,528,800
    -
    $70,269
    $12,458,531
    $12,528,800

    Comparable in this City

    • Value Estimation
      $10,230,000
      44,755 SF

      2465 State Rd 16

      HOTEL • 44,755 SF
      2465 State Rd 16, Saint Augustine, FL 32092-0701
      View Details
    • Value Estimation
      $9,250,000
      37,554 SF

      2525 County Rd 208

      HOTEL • 37,554 SF
      2525 County Rd 208, Saint Augustine, FL 32092-0503
      View Details
    • Value Estimation by Request
      1.51 Acres

      2525 Crk 208

      Motels • 1.51 Acres
      2525 Crk 208, St. Augustine, FL 32092
      View Details
    • Value Estimation
      $4,280,000
      18,725 SF

      2580 State Rd 16

      MOTEL • 18,725 SF
      2580 State Rd 16, Saint Augustine, FL 32092-0702
      View Details
    • Value Estimation
      $970,000
      15,112 SF

      2535 State Rd 16

      MOTEL • 15,112 SF
      2535 State Rd 16, Saint Augustine, FL 32092-0703
      View Details
    • Value Estimation
      $10,720,000
      46,910 SF

      2560 State Rd 16

      MOTEL • 46,910 SF
      2560 State Rd 16, Saint Augustine, FL 32092-0702
      View Details

    Similar Nearby for Sale

    • $499,999
      1.50 Acres

      St. Augustine Open Rural Land

      1.5 acres of versatile land near St. Augustine.
      2981 Pacetti Rd, St Augustine, FL 32092
      View Details
    • Contact for pricing

      2.85 Acres I-95 Frontage

      2.85 acres of commercial land with I-95 frontage.
      Commercial Dr, Saint Augustine, FL 32092
      View Details
    • Contact for pricing
      4,989 SF

      6 Acres Horse Ranch Land

      6 acres of land, zoned for Open Rural.
      3915 County Road 210, St Augustine, FL 32092
      View Details
    • $1,800,000
      103.00 Acres

      103 Acres Waterfront Land Opportunity

      Rare 103-acre rural land with waterfront in St. Johns County.
      County Road 13 N, St Augustine, FL 32092
      View Details
    • $235,000
      1.05 Acres

      St. Augustine Acre of Land

      Over an acre of partially cleared land in St. Johns County.
      Moss Dr, St Augustine, FL 32092
      View Details
    • $150,000
      0.24 Acres

      Waterfront Lot in St. Augustine

      Waterfront land with canal access to St. Johns River.
      8157 Wendover Rd, St Augustine, FL 32092
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      St. Johns County Land

      Located on SR 16 West of I-95.
      2780 State Road 16, St Augustine, FL 32092
      View Details
    • $26 SF/Yr
      2,630 SF

      St. Augustine Office Space Available

      Two-story office building with customizable suites and convenient location.
      101 E Town Pl, St Augustine, FL 32092
      View Details
    • Contact for pricing

      Retail Space in Growing Corridor

      Retail space with high visibility in a growing residential area.
      150 Village Commons Dr, St Augustine, FL 32092
      View Details
    • Contact for pricing

      Retail Space in Affluent Area

      Retail space with high visibility and accessibility in St. Augustine.
      2845 County Road 210 W, St Augustine, FL 32092
      View Details
    • Contact for pricing

      QSR Building For Sublease

      1,680 SF QSR building available for sublease.
      2515 County Road 208, St Augustine, FL 32092
      View Details
    • Contact for pricing

      Retail Space Near I-95

      Two-tenant building near I-95 in St. Augustine.
      2575 State Road 16, St Augustine, FL 32092
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    500 Legacy Trl
    Saint Augustine, FL 32092-2719
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    500 Legacy Trl, Saint Augustine, FL, 32092
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!