Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    97 M L King Ave St Augustine, FL 32084
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    97 M L King Ave St Augustine, FL 32084

    View on Map
    • Retail space
    • 2,836 SF
    • 0.10 lot acres
    For Lease
    $1,500 /Mo
    View Listing →
    Historic Commercial Space in St. Augustine For Lease
    $1,500 /Mo
    1,000 SF

    Historic Commercial Space in St. Augustine

    Charming 1920s commercial space in St. Augustine's Lincolnville district.

    St Augustine, FL 32084
    View Listing
    Property ID
    US18-5240115
    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

    • The Last Ride / Travel Agency / Tour Operator
    • The Corner Market at Lincolnville / (Bike/Boat/Book/etc) Store / Specialty Food Shop
    • Lincolnville Porch Fest / Music Venue
    • Panda Tours / Tour Operator / (Bike/Boat/Book/etc) Store
    • Tony's Barbershop / Barber Shop

    Property Details for 97 M L King Ave

    Year built
    1920
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.10 lot acres
    Property size
    2,836 SF
    Property type
    Retail space
    APN
    209290 0000
    APU
    2092900000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Augustine
    County
    St. Johns
    State
    Florida
    Longitude
    -81.3147
    Latitude
    29.8862
    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
    $3,816
    $0.00
    $0.00
    $246,660
    -
    $157,920
    $88,740
    $246,660

    Comparable in this City

    • Value Estimation
      $1,925,000
      5,870 SF

      Saint Augustine, FL 32084

      RETAIL STORES (PERSONAL SERVICES) • 5,870 SF
      Saint Augustine, FL 32084
      View Details
    • Value Estimation
      $2,585,000
      16,363 SF

      1764 Tree Blvd

      RETAIL STORES (PERSONAL SERVICES) • 16,363 SF
      1764 Tree Blvd, Saint Augustine, FL 32084-5723
      View Details
    • Value Estimation
      $2,575,000
      7,703 SF

      245 Vilano Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,703 SF
      245 Vilano Rd, Saint Augustine, FL 32084-2982
      View Details
    • Value Estimation by Request
      520 SF

      75 King St

      RETAIL STORES (PERSONAL SERVICES) • 520 SF
      75 King St, Saint Augustine, FL 32084-4386
      View Details
    • Value Estimation by Request
      654 SF

      75 King St

      RETAIL STORES (PERSONAL SERVICES) • 654 SF
      75 King St, Saint Augustine, FL 32084-4386
      View Details
    • Value Estimation by Request
      1,433 SF

      75 King St

      RETAIL STORES (PERSONAL SERVICES) • 1,433 SF
      75 King St, Saint Augustine, FL 32084-4386
      View Details

    Similar Nearby for Sale

    • $125,000

      Profitable Retail Business Opportunity

      Two established retail businesses in historic St. Augustine, Florida.
      106 St. George St, St Augustine, FL 32084
      View Details
    • $125,000
      600 SF

      Profitable Retail Business Opportunity

      Two established retail businesses for sale in historic St. Augustine.
      106 St. George St, St Augustine, FL 32084
      View Details
    • $165,000
      1,050 SF

      Established Dry Cleaning Business For Sale

      Profitable dry cleaning business in a high-traffic St. Augustine location.
      965 Fl-16, St Augustine, FL 32084
      View Details
    • $2,395,000
      4,381 SF

      Iconic Mixed-Use Pomar House

      Renovated mixed-use property in St. Augustine's historic district.
      62 Cuna St, St Augustine, FL 32084
      View Details
    • $3,800,000
      8,000 SF

      Historic Retail Building in St. Augustine

      Retail building near tourist attractions with business opportunity potential.
      56 San Marco Ave, St Augustine, FL 32084
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      800 SF

      St. Johns Plaza Retail Space

      Retail space available in established St. Augustine shopping center.
      1010 S Ponce De Leon Blvd, St Augustine, FL 32084
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in St. Augustine

      Retail property with high traffic in historic St. Augustine.
      1570-1580 Us Highway 1 S, St Augustine, FL 32084
      View Details
    • Contact for pricing

      Multi-Use Site in St. Augustine

      Prime multi-use site near downtown St. Augustine available for lease.
      840 W King St, St Augustine, FL 32084
      View Details
    • Contact for pricing

      Retail Space in Winn Dixie Center

      Retail space available within a Winn Dixie anchored shopping center.
      3501 N Ponce De Leon Blvd, St Augustine, FL 32084
      View Details
    • Contact for pricing

      Historic Building with Turnkey Bakery

      Renovated commercial building with bakery, cafe, and coffee shop.
      47 Cordova St, St Augustine, FL 32084
      View Details
    • New
      $2,100 /Mo
      19,796 SF

      Prime Commercial Space in St. Augustine

      Highly visible commercial space ideal for retail or service businesses.
      100 Center Creek Rd, St Augustine, FL 32084
      View Details
    View Listing
    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.
    97 M L King Ave
    St Augustine, FL 32084
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!