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Property profile & analytics
OFF-MARKET
Estimated value
$3,065,000
Office buildings
Saint Augustine, FL 32086
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-3459940
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,594 SF
Lot
1.36 ac (59,242 SF)
Zoning code
PSD
APN
162420 0000
UPID
US18-3459940
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.59M
Comparable Approach
Comparable
$3.06M
Blend (final)
Blend
$3.07M
Owner & transaction history
3929 Thurman Rd LLC · 4 yrs held
3929 Thurman Rd LLC
since 2022
Last sale
$3.0M
5 recorded transactions
Zoning & alternative use
PSD · Saint Augustine, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.1M
+20.7%
Medical building
$4.0M
+17.9%
Neighborhood: shopping center
$4.0M
+17.4%
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
$2,500,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,880,000
6.5%
$3,585,000
7%
$3,330,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,375,000
Current use
AUTO REPAIR, GARAGE
$4,075,000
Change: +21% · Conversion: Difficult
MEDICAL BUILDING
$3,985,000
Change: +18% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,965,000
Change: +17% · Conversion: Difficult
RETAIL STORES
$3,845,000
Change: +14% · Conversion: Moderate
Blend value · Realmo final
$3.07M
Range $2.76M – $3.37M · ±10% · vs last sale $3.00M (Feb 25 2022)
Last sale anchor
$3.00M
Feb 25 2022
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
$197 / 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
$36,054
Tax year 2023
Assessed value
$2,827,062
Assessed 2023
Previous assessed
$2,456,418
+15.1% YoY
Effective rate
1.28%
On assessed value
Land market value
$251,774
Improvement market value
$2,575,288
Total market value
$2,827,062
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
3
Total area
15,594 SF
Lot
1.36 ac (59,242 SF)
Zoning code
PSD
APN
162420 0000
UPID
US18-3459940
Jurisdiction
ST JOHNS
Zoning & alternative use
PSD · Saint Augustine, FLZoning PSD · permitted uses
PSD · Saint Augustine, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$4.1M
MEDICAL BUILDING
Est. value
$4.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.0M
RETAIL STORES
Est. value
$3.8M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
2
Lot
1.36 ac
Current owner
From public records · entity-resolved
3929 Thurman Rd LLC
Entity
Free & Clear · 4 yrs held
Mailing address
204 W SPEAR ST #4038, CARSON CITY, NV 89703-4160
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2022
$3,000,000
3929 Thurman Rd LLC
David A Mancino
Warranty Deed
—
Jun 2, 2006
—
David A Mancino
—
Trustees Deed
related
$1,200,000 · Prosperity Bank
—
—
David A Mancino
—
Deed Of Trust
related
$1,157,088 · Prosperity Bank
—
—
David Mancino
—
Deed Of Trust
related
$1,423,600 · Vystar Cu
—
—
David A Mancino
—
Deed Of Trust
related
$1,157,088 · Prosperity Bank
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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