$167,500
●
Commercial -
Off Market
721 A1A BEACH Boulevard #23
St Augustine Beach, FL 32080
Studio
0 Bath
8,000 Ft²
$823
Est. Monthly
About This Property
Two (2) professional office/retail condominium units, side by side,
on the 1st floor in an 8 unit complex known as ''Surf Plaza'' located in the A1A Beach Boulevard/St. Augustine Beach commercial
corridor. Just one block south of the signalized intersection of
A1A Beach Blvd and A St, these units can be combined as one space
or used as separate individual rental units. Occupy one unit for
your own business and lease the adjacent unit to a tenant for
additional income. On-site brick paved, parking lot accommodates 16
spaces. Condo association dues of $100.00/month includes exterior
maintenance & building insurance, water, and two (2) sign spaces.
Legal uses include professional office and retail service-oriented
type businesses. Each unit is currently tenant occupied on month to
month basis basis
Unit Size
8,000 Ft²
Days on Market
-
Land Size
-
Price per sqft
$21
Property Type
Commercial
Property Taxes
-
HOA Dues
-
Year Built
-
Payment Calculator
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Cap Rate Calculator
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Monthly Rental Income
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (Real MLS #652649)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 7, 2013 | Listed by FIRST COAST SOTHEBYS INTERNATIONAL REALTY | $167,500 | |
| Listed by FIRST COAST SOTHEBYS INTERNATIONAL REALTY | |||
Property Highlights
Air Conditioning
Exterior Details
Year Built: 1988
Parcel Number: 1706900021
Construction Materials: Concrete, Frame, Stucco
Building Name: Surf Plaza
Utilities Details
Cooling Type: Window Unit(s)
Heating Type: Central
Sewer Information: Public Sewer
Water Information: Public
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/26/2024
|
Loft
|
1 Bath
|
375 ft²
|
$199,000
Loft
1 Bath
375 ft²
|
$185,000
-7.04%
08/09/2024
|
Noah Bailey
Keller Williams St Augustine
| |
|
07/13/2020
|
Loft
|
-
|
374 ft²
|
$115,000
Loft
-
374 ft²
|
$100,000
-13.04%
08/07/2020
|
NON MLS
NON MLS
| |
|
07/16/2018
|
Loft
|
-
|
374 ft²
|
$99,000
Loft
-
374 ft²
|
$95,000
-4.04%
10/16/2018
|
Noah Bailey
Keller Williams St Augustine
| |
|
07/16/2018
|
Loft
|
-
|
374 ft²
|
$99,000
Loft
-
374 ft²
|
$95,000
-4.04%
08/31/2018
|
Noah Bailey
Keller Williams St Augustine
| |
|
12/06/2015
| |
Loft
|
-
|
476 ft²
|
$175,000
Loft
-
476 ft²
|
-
-
|
Irene Arriola
First Coast Sotheby's International Realty
|
|
02/07/2013
|
Loft
|
-
|
8000 ft²
|
$167,500
Loft
-
8000 ft²
|
-
-
|
Joe Hatin
First Coast Sotheby's International Realty
| |
|
11/04/2011
|
Loft
|
-
|
3244 ft²
|
$82,000
Loft
-
3244 ft²
|
-
-
|
Joe Hatin
First Coast Sotheby's International Realty
|
Building Info
About St. Augustine Beach
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Listed by: JOE HATIN, FIRST COAST SOTHEBYS INTERNATIONAL REALTY
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 652649
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by NEFMLS.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 652649
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