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    980 Santa Maria Blvd Saint Augustine, FL 32086-9402
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    980 Santa Maria Blvd Saint Augustine, FL 32086-9402

    View on Map
    • Retail space
    • 2,748 SF
    • 0.62 lot acres
    Off-Market
    Property ID
    US18-2106460
    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
    $915,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pinch A Penny Pool Patio Spa / (Bike/Boat/Book/etc) Store / Hardware & Home Improvement

    Property Details for 980 Santa Maria Blvd

    Year built
    2007
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.62 lot acres
    Property size
    2,748 SF
    Zone code
    PUD
    Property type
    Retail space
    APN
    270112 0020
    APU
    2701120020

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $918,000
      Market price range: $440k - $918k
      AI Estimate
      $910,000
      Market price range: $437k - $910k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $680,000
      Current use
      COMMERCIAL (GENERAL)
      $1,005,000
      Change: +48% Conversion: Easy
      AUTO REPAIR, GARAGE
      $720,000
      Change: +6% Conversion: Difficult
      MEDICAL BUILDING
      $700,000
      Change: +4% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $700,000
      Change: +3% Conversion: Moderate
      OFFICE BUILDING
      $595,000
      Change: -12% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Augustine
    County
    St. Johns
    State
    Florida
    Longitude
    -81.3219
    Latitude
    29.8161
    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
    $6,528
    $0.00
    $0.00
    $519,852
    -
    $297,079
    $222,773
    $519,852

    Comparable in this City

    • Value Estimation
      $965,000
      6,056 SF

      1240 State Rd 207

      RETAIL STORES (PERSONAL SERVICES) • 6,056 SF
      1240 State Rd 207, Saint Augustine, FL 32086-9316
      View Details
    • Value Estimation
      $680,000
      4,268 SF

      6805 Us Hwy 1st S

      RETAIL STORES (PERSONAL SERVICES) • 4,268 SF
      6805 Us Hwy 1st S, Saint Augustine, FL 32086-7902
      View Details
    • Value Estimation
      $1,120,000
      4,150 SF

      2790 Us Hwy 1st S

      RETAIL STORES (PERSONAL SERVICES) • 4,150 SF
      2790 Us Hwy 1st S, Saint Augustine, FL 32086-6337
      View Details
    • Value Estimation
      $1,560,000
      6,401 SF

      2535 Us Hwy 1st S

      RETAIL STORES (PERSONAL SERVICES) • 6,401 SF
      2535 Us Hwy 1st S, Saint Augustine, FL 32086-6106
      View Details
    • Value Estimation
      $2,335,000
      7,544 SF

      2608 Us Hwy 1st S

      RETAIL STORES (PERSONAL SERVICES) • 7,544 SF
      2608 Us Hwy 1st S, Saint Augustine, FL 32086
      View Details
    • Value Estimation
      $745,000
      2,243 SF

      1146 State Rd 206th E

      RETAIL STORES (PERSONAL SERVICES) • 2,243 SF
      1146 State Rd 206th E, Saint Augustine, FL 32086-7949
      View Details

    Similar Nearby for Sale

    • $575,000

      Retail/Office Space on US1 South

      Retail or office space with high visibility on US1.
      2744 1003, St Augustine Beach, FL 32086
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    • $1,100,000
      3,920 SF

      St. Augustine Commercial Investment Opportunity

      Prime location with multiple income streams on a 0.56-acre lot.
      2570 Us Highway 1 S, St Augustine, FL 32086
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    • $1,100,000
      1,038 SF

      St. Augustine Mixed-Use Investment

      Mixed-use property with rental income potential in prime location.
      2570 Us Highway 1 S, St Augustine, FL 32086
      View Details
    • $399,999
      0.50 Acres

      Prime Commercial Land on SR 207

      Half-acre lot with commercial potential in St. Augustine, FL.
      2209 Twin Fox Trl, St Augustine, FL 32086
      View Details
    • $80,000

      St. Augustine Peruvian Restaurant Opportunity

      Successful Peruvian restaurant in St. Augustine, Florida, for sale.
      000 Peruvian Restaurant, Saint Augustine, FL 32086
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    Similar Nearby for Lease

    • Contact for pricing
      1,400 SF

      Retail Space in St. Augustine

      Retail space available in a well-positioned neighborhood retail center.
      165-197 Blackford Way, St Augustine, FL 32086
      View Details
    • Contact for pricing
      4,373 SF

      Retail Building on US Highway

      Retail building for lease with high traffic count.
      4255 Us Highway 1, St Augustine, FL 32086
      View Details
    • Contact for pricing
      1,260 SF

      Retail Space in St. Augustine

      Retail space in Publix-anchored shopping center near Flagler Hospital.
      200-440 C B L Dr, St Augustine, FL 32086
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Shore Village

      Neighborhood retail center with high visibility and strong traffic counts.
      209 Blackford Way, St Augustine, FL 32086
      View Details
    • Contact for pricing
      3,220 SF

      Retail Space in Lewis Point

      Retail space available in a neighborhood retail center.
      2443-2497 Us Highway 1 S, St Augustine, FL 32086
      View Details
    • $2,500 /Mo
      12,000 SF

      New Commercial Space on US1

      New construction commercial space for lease in St. Augustine, FL.
      5900 Us Highway 1 S, St Augustine, FL 32086
      View Details
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    Saint Augustine, FL 32086-9402
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    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
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