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Property profile & analytics
OFF-MARKET
Estimated value
$1,535,000
Outlet malls
840 King St, Saint Augustine, FL 32084-8716
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-4158814
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Family Dollar Discount Store
-
AMVETS Drop Box Only Charitable Organization
-
Blue Rhino Propane Exchange Propane Supplier
-
Primo Water Refill Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.53M
Blend (final)
Blend
$1.54M
Owner & transaction history
Trc West King Street LLC · 10 yrs held
Trc West King Street LLC
since 2015
3 recorded transactions
Zoning & alternative use
RS3 · Saint Augustine, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.1M
+8.9%
Medical building
$2.1M
+6.4%
Neighborhood: shopping center
$2.1M
+5.9%
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
RETAIL STORES
$1,955,000
Current use
AUTO REPAIR, GARAGE
$2,130,000
Change: +9% · Conversion: Difficult
MEDICAL BUILDING
$2,080,000
Change: +6% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,070,000
Change: +6% · Conversion: Moderate
Blend value · Realmo final
$1.54M
Range $1.38M – $1.69M · ±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
$188 / 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
$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
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
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, FL
Zoning RS3 · permitted uses
RS3 · 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
RETAIL STORES Current
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$2.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.1M
RETAIL STORES Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2016
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.31 ac
Current owner
From public records · entity-resolved
Trc West King Street LLC
Entity
Mailing address
PO BOX 1017, CHARLOTTE, NC 28201-1017
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2015
$300,000
Trc West King Street LLC
Godkis LLC
Special Warranty Deed
$1,217,987 · Park Sterling Bank
Nov 4, 2015
—
Ulysses Williams SR
Trc West King Street LLC
Quit Claim Deed
related
—
Aug 1, 2005
$160,000
Godkis LLC
Johnson,barbara R
Warranty Deed
—
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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