Entity Owned Property summary
AI-generated overview
This exceptional 8,320-square-foot single-tenant flex/warehouse space is situated on a 1.33-acre lot in St. Augustine, Florida. Built in 2016, this Class A property boasts a 17-foot ceiling height, providing ample vertical space for various uses. The building features 28 parking spaces and is fully air-conditioned, with additional capacity for refrigeration. The property is zoned for Commercial Intensive use within St. Johns County, offering flexibility for a wide range of businesses. Its location within 1.2 miles of historic downtown St. Augustine and the burgeoning West King Street District provides excellent visibility and accessibility. The single-story building offers a spacious layout, ideal for retail, warehousing, or a combination of uses. The site includes on-site retention, addressing stormwater management needs. The property's three-phase power availability caters to businesses with higher energy demands. This is a rare opportunity to secure a high-quality, versatile commercial space in a rapidly growing area of St. Augustine. The entire 8,320 square feet is currently vacant and ready for immediate occupancy. The address is 840 W King St, St. Augustine, FL 32084.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2016
Construction
STEEL FRAME
Total area
8,144 SF
Lot
1.31 ac (56,889 SF)
Zoning code
RS3
APN
115150 0000
UPID
US18-4158814
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Discount Store
-
Charitable Organization
-
Propane Supplier
-
Big Box & Wholesale Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.53M
Blend (final)
Blend
$1.70M
Owner & transaction history
since 2015
3 recorded transactions
Zoning & alternative use
RS3 · Saint Augustine, FL
Top alternative use upside
Auto repair, garage
$2.1M
+8.9%
Medical building
$2.1M
+6.4%
Neighborhood: shopping center
$2.1M
+5.9%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.70M
Value range
$1.53M – $1.87M
±10% around blend
Estimated value / SF
$209 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
$1.53M
blend $1.70M
$1.87M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
8,144 SF
Lot area
1.31 ac
Year built
2016
Stories
1
APN
115150 0000
Zoning
RS3
Assessed value
$937,400
Annual tax
$10,718
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.53M
Range $1.29M – $2.72M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.70M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 29 sales
$240
-13%
Submarket 55 sales
$247
-15%
County 70 sales
$255
-18%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $209/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+9%
vs current-use indication
Medical Building
Neighborhood: Shopping Center
Retail Stores · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$937k
Move the market yield to see immediate price impact.
Value / SF
$115
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$59k
$1.18M
$844k
$656k
$66k
$1.31M
$937k
$729k
$72k
$1.44M
$1.03M
$802k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$10,718
Tax year 2023
Assessed value
$937,400
Assessed 2023
Previous assessed
$699,000
+34.1% YoY
Effective rate
1.14%
On assessed value
Land market value
$227,600
Improvement market value
$709,800
Total market value
$937,400
Applied tax rate
450.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2016
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
8,144 SF
Lot
1.31 ac (56,889 SF)
Zoning code
RS3
APN
115150 0000
UPID
US18-4158814
Jurisdiction
ST JOHNS
Zoning & alternative use
RS3 · Saint Augustine, FLZoning RS3 · permitted uses
RS3 · Saint Augustine, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2016
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.31 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
RS3
Jurisdiction
Saint Augustine, FL
Recorded code
RS3
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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