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Property profile & analytics
FOR LEASE
Grocery and convenience stores
2477 Us Highway 1 St Augustine, FL 32086
Entity Owned
16-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4744733
For Lease
1 / 10
$11,644/Mo
2477 Us Highway 1, St Augustine, FL 32086
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
34,849 SF
Lot
14.15 ac (616,374 SF)
Zoning code
OR
APN
162410 0050
UPID
US18-4744733
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
by Request
Comparable Approach
Comparable
$10.38M
Blend (final)
Blend
$10.34M
Owner & transaction history
LEWIS POINT PLAZA LLC
LEWIS POINT PLAZA LLC
Zoning & alternative use
OR · Saint Augustine, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$16.0M
+86.5%
Commercial (general)
$12.7M
+48.2%
Auto repair, garage
$9.1M
+6.0%
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 St Augustine submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs St 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
$8,595,000
Current use
RESTAURANT
$16,020,000
Change: +86% · Conversion: Easy
COMMERCIAL (GENERAL)
$12,735,000
Change: +48% · Conversion: Easy
AUTO REPAIR, GARAGE
$9,110,000
Change: +6% · Conversion: Difficult
MEDICAL BUILDING
$8,900,000
Change: +4% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,860,000
Change: +3% · Conversion: Moderate
OFFICE BUILDING
$7,545,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$10.34M
Range $9.30M – $11.37M · ±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
$297 / 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
$71,081
Tax year 2023
Assessed value
$5,842,000
Assessed 2023
Previous assessed
$4,887,100
+19.5% YoY
Effective rate
1.22%
On assessed value
Land market value
$1,200,457
Improvement market value
$4,641,543
Total market value
$5,842,000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Stories
1
Total area
34,849 SF
Lot
14.15 ac (616,374 SF)
Zoning code
OR
APN
162410 0050
UPID
US18-4744733
Jurisdiction
ST JOHNS
Zoning & alternative use
OR · Saint Augustine, FL
Zoning OR · permitted uses
OR · 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
$8.6M
RESTAURANT
Est. value
$16.0M
COMMERCIAL (GENERAL)
Est. value
$12.7M
AUTO REPAIR, GARAGE
Est. value
$9.1M
MEDICAL BUILDING
Est. value
$8.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.9M
OFFICE BUILDING
Est. value
$7.5M
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Lot
14.15 ac
Current owner
From public records · entity-resolved
LEWIS POINT PLAZA LLC
Entity
Free & Clear · 0 yrs held
Mailing address
7880 GATE PKWY STE #300, JACKSONVILLE, FL 32256-7285
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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