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    Property profile & analytics

    Saint Augustine, FL 32092

    • Warehouses
    • 118,890 SF
    • 66.39 lot acres
    OFF-MARKET
    Value Estimations
    $23,830,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0878565
    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
    2005
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    66.39 lot acres
    Property size
    118,890 SF
    Zone code
    PUD
    Property type
    Warehouses
    APN
    027870 0090
    APU
    278700090

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $24,211,000
      Market price range: $9.01M - $24.2M
      AI Estimate
      $23,451,000
      Market price range: $4.82M - $23.5M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $14,830,000
      Current use
      AUTO REPAIR, GARAGE
      $31,075,000
      Change: +110% Conversion: Easy
      MEDICAL BUILDING
      $30,365,000
      Change: +105% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $30,225,000
      Change: +104% Conversion: Moderate
      RETAIL STORES
      $29,315,000
      Change: +98% Conversion: Moderate
      OFFICE BUILDING
      $25,750,000
      Change: +74% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Augustine
    County
    St. Johns
    State
    Florida
    Longitude
    -81.4597
    Latitude
    29.975
    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
    $317,075
    $0.00
    $0.00
    $30,997,497
    -
    $10,665,527
    $20,677,170
    $31,342,697

    Comparable in this City

    • Value Estimation
      $1,740,000
      10,000 SF

      3425 Agricultural Ctr Dr

      WAREHOUSE, STORAGE • 10,000 SF
      3425 Agricultural Ctr Dr, Saint Augustine, FL 32092-0578
      View Details
    • Value Estimation
      $3,165,000
      18,800 SF

      3525 Agricultural Ctr Dr

      WAREHOUSE, STORAGE • 18,800 SF
      3525 Agricultural Ctr Dr, Saint Augustine, FL 32092-0931
      View Details
    • Value Estimation
      $1,000,000
      6,000 SF

      7625 State Rd 13th N

      WAREHOUSE, STORAGE • 6,000 SF
      7625 State Rd 13th N, Saint Augustine, FL 32092-2232
      View Details
    • Value Estimation
      $710,000
      9,252 SF

      5760 State Rd 16

      STORAGE YARD, OPEN STORAGE • 9,252 SF
      5760 State Rd 16, Saint Augustine, FL 32092-0622
      View Details
    • Value Estimation
      $1,330,000
      10,351 SF

      100 Liberty Ctr Pl, Unit 2

      WAREHOUSE, STORAGE • 10,351 SF
      100 Liberty Ctr Pl, Saint Augustine, FL 32092-0919
      View Details
    • Value Estimation by Request
      46.85 Acres

      4500 Wolfe Rd

      STORAGE YARD, OPEN STORAGE • 46.85 Acres
      4500 Wolfe Rd, Saint Augustine, FL 32092
      View Details

    Similar Nearby for Sale

    • $499,999
      2.85 Acres

      Prime I-95 Commercial Land

      2.85 Acres, St. Augustine, FL. High Traffic.
      0 Commercial Dr, St. Augustine, FL 32092
      View Details
    • $499,999
      1.50 Acres

      St. Augustine Open Rural Land

      1.5 acres of versatile land near St. Augustine.
      2981 Pacetti Rd, St Augustine, FL 32092
      View Details
    • $785,000
      2.23 Acres

      St. Augustine Commercial Land - $785,000

      2.23 Acres, High Visibility, Commercial Zoning
      5500 State Road 13, St. Augustine, FL 32092
      View Details
    • $1,800,000
      103.00 Acres

      103 Acres Waterfront Land Opportunity

      Rare 103-acre rural land with waterfront in St. Johns County.
      County Road 13 N, St Augustine, FL 32092
      View Details
    • $1,499,000
      2.00 Acres

      Prime Commercial Land on SR 16

      High-traffic location near upcoming Publix and multi-family development.
      2960 State Road 16, St Augustine, FL 32092
      View Details
    • $899,000
      8.13 Acres

      Prime Land in St. Augustine

      8.13 acres of vacant land at major intersection.
      7070 State Road 16, St Augustine, FL 32092
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      193,600 SF

      IGP-95 Logistics Park Warehouse

      Institutional quality warehouse space in St. Johns County.
      3405 International Golf Pkwy, St Augustine, FL 32092
      View Details
    • $26 SF/Yr
      2,630 SF

      St. Augustine Office Space Available

      Two-story office building with customizable suites and convenient location.
      101 E Town Pl, St Augustine, FL 32092
      View Details
    • Contact for pricing
      8,461 SF

      St. Augustine Retail Outparcels

      High-traffic retail land, 8,461 sq ft.
      2780 State Road 16, St. Augustine, FL 32092
      View Details
    • $0.03 SF/Yr
      17,485 SF

      Registry Blvd Retail Opportunity

      New Retail Space in World Golf Village
      190 Registry Blvd, St. Augustine, FL 32092
      View Details
    • Contact for pricing

      Retail Space in Growing Corridor

      Retail space with high visibility in a growing residential area.
      150 Village Commons Dr, St Augustine, FL 32092
      View Details
    • $2,295 /Mo
      Pending

      St. Augustine Professional Office Condo

      Professional office condo for lease in World Golf Village.
      145 Land Grant St, St Augustine, FL 32092
      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.

    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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