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    Property profile & analytics

    Saint Augustine, FL 32084

    • Warehouses
    • 36,075 SF
    • 10.00 lot acres
    OFF-MARKET
    Last Sale
    Jul 03, 2024
    $10,467,500
    Value Estimations
    $10,680,000
    Show details
    Cap Rate Potential
    3%
    Warehouses
    Location Intelligence
    Property ID
    US18-5177547
    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.

    Current Use by Public Records

    • Warehouses

    Property Details

    Year built
    1989
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    10.00 lot acres
    Property size
    36,075 SF
    Property type
    Warehouses
    APN
    086520 0060
    APU
    865200060

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Estimation
      $10,470,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $10,150,000
      6.5%
      $9,615,000
      7%
      $9,905,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $12,335,000
      Geo Method
      $11,020,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $9,210,000
      Retail
      $10,940,000
      Mixed-Use
      $11,045,000
      Hospitality
      $11,515,000
      Educational
      $12,370,000
      Residential Income
      $9,470,000
      Energy
      $10,990,000
      Income-Based Land
      $11,650,000
      Food Service
      $10,150,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Augustine
    County
    St. Johns
    State
    Florida
    Longitude
    -81.4046
    Latitude
    29.9229
    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
    $44,677
    $0.00
    $0.00
    $3,598,778
    -
    $559,671
    $3,039,107
    $3,598,778

    Comparable in this City

    • Value Estimation by Request
      3,000 SF

      32 Harding Ave

      WAREHOUSE, STORAGE • 3,000 SF
      32 Harding Ave, Saint Augustine, FL 32084
      View Details
    • Value Estimation by Request
      22,000 SF

      30 Iroquois Avea-e

      WAREHOUSE, STORAGE • 22,000 SF
      30 Iroquois Avea-e, Saint Augustine, FL 32084-4210
      View Details
    • Value Estimation by Request
      14,560 SF

      1591 Old Moultrie Rd

      WAREHOUSE, STORAGE • 14,560 SF
      1591 Old Moultrie Rd, St Augustine, FL 32084-5756
      View Details
    • Value Estimation by Request
      9,288 SF

      290 Rodriquez St

      WAREHOUSE, STORAGE • 9,288 SF
      290 Rodriquez St, Saint Augustine, FL 32084-9562
      View Details
    • Value Estimation by Request
      11,200 SF

      Saint Augustine, FL 32084

      MINI-WAREHOUSE, STORAGE • 11,200 SF
      Saint Augustine, FL 32084
      View Details
    • Value Estimation by Request
      1,200 SF

      8 Spg St

      WAREHOUSE, STORAGE • 1,200 SF
      8 Spg St, Saint Augustine, FL 32084-9588
      View Details

    Similar Nearby for Sale

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      St. Augustine Warehouse/Office For Sale

      2.20-acre property with warehouse/office and expansion potential.
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    • Contact for pricing
      5,570 SF

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      Industrial property with a guaranteed sale-leaseback from Rentokil North America.
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    • New
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      2,080 SF

      New Flex Space Near Downtown

      New flex space near downtown St. Augustine with versatile features.
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    • $2,500,000
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      St. Augustine Industrial Land - $2.5M

      10-Acre Industrial Development Site in St. Augustine, FL
      3240 Parker Dr, St. Augustine, FL 32084
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    • $1,200,000
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      St Augustine Commercial Opportunity

      1.23 acre commercial parcel with improvements near I-95.
      2825 Industry Center Rd, St Augustine, FL 32084
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    • $12,000,000

      SR-16 Development Opportunity

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    Similar Nearby for Lease

    • $300 /Mo
      9,000 SF

      Historic San Marco Commercial Space

      Uptown St. Augustine gem: lease now!
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    • $10 SF/Yr
      8,320 SF

      St. Augustine Flex Space - 8,320 SF

      Prime St. Augustine flex space, 1.33 acres.
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    • $1,875 /Mo

      St. Augustine Industrial Flex Space

      Industrial flex space for lease with versatile layouts and accessibility.
      1731 Dobbs Rd, St Augustine, FL 32084
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    • Contact for pricing

      45 Village Crossing Ct

      Land
      45 Village Crossing Ct, St. Augustine, FL 32084
      View Details
    • $7,500 /Mo

      Commercial Land Near Epic Theatres

      Commercial land for rent near Epic Theatres complex.
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    • $1,500 /Mo
      1,000 SF

      Historic Commercial Space in St. Augustine

      Charming 1920s commercial space in St. Augustine's Lincolnville district.
      97 M L King Ave, St Augustine, FL 32084
      View Details
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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.

    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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