INDUSTRIAL PROPERTY SHOWCASE

Saint Augustine

645 Kings Estate Rd | Kings Estate Industrial Park | 2,240 SF (flex warehouse condo) | $510,000–$560,000

Executive Summary

This is a fresh canvas for industrial value in St. Augustine. The upcoming Kings Estate Industrial Park comprises brand-new tilt-up flex warehouse condos slated for 2026 delivery. Each unit will offer 2,240 SF of functional footprint, 28–30 ft ceilings, a grade-level 12’ × 16’ overhead door, a ~140-SF office, and an ADA restroom. The complex spans 58,240 SF on 3.87 acres, with community loading dock, abundant parking, and flexible zoning. With interior units starting near $218.71/SF and end units up to $250/SF, the project is priced to capture both user and investor demand in a market starved for high-spec availability.

Why It Works / Investment Highlights

• Premium specs built in — 28–30 ft clear height, tilt-up concrete shell, community loading dock, modern layout.
• Modular demand generator — uniform 2,240 SF footprint appeals to small to mid-size operators wanting ownership scale.
• End unit premium — possibility for commanding pricing (2 units priced up to $560,000) as “anchor” spaces.
• Immediate scarcity in St. Augustine — new flex supply is limited in this metro; early acquisition gives you first-mover advantage.
• Zoned and capable — IW industrial/warehouse zoning supports broad users.
• Investment leverage — interior units begin at ~$218.71/SF with room to grow rents into market infill levels.

Property Facts

• Price Range: $510,000 – $560,000
• Unit Size: 2,240 SF Office / Misc: ~140 SF office + ADA restroom
• Clear Height: 28–30 ft
• Loading: One (1) 12’ × 16’ grade-level overhead door per unit
• Building Size (Total): 58,240 SF
• Lot Size: 3.87 acres
• Year Built: 2026 (planned)
• Construction Type: Tilt-up concrete panels / cold-form steel
• Zoning: IW — Industrial / Warehouse
• Parking & Loading: Shared loading dock, 75–80 parking spaces total including ADA
• Pricing Tiers: Interior units start ~$218.71/SF; end units up to $250/SF
• Location: 2 miles west of US Highway 1 near Old Moultrie Rd in St. Augustine industrial node
• HOA / Park Structure: Common Areas, property maintenance, loading dock shared

Strategic Angle

Think of this as your clean entry point before the market catches up. Buyers who acquire in new projects often capture double value: the lease-up growth period plus the scarcity premium in future resale. In St. Augustine, industrial infill is rare—especially turnkey flex space with high ceilings, modern construction, and show-ready layout flexibility. That means early owners can hold units, lease them, or flip them at premium multiples.

Operationally, 2,240 SF is the right size for contractors, light manufacturers, e-commerce fulfillment, service operators, or distribution feeders. The shared loading dock expands capacity, while uniform units make management efficient. The tilt-up shell ensures durability, and tilt-up plus steel construction gives strong envelope performance — fewer surprises, lower maintenance.

From an investor perspective, the math is clean. Assume interior units lease at market rates above current ask, and end units command additional premiums. The location near US 1 and Old Moultrie Road gives strong access to both local and regional traffic. Owners early in the cycle benefit from rent escalation, lower leasing risk, and eventual resale competition that favors first-movers.

Bottom Line

The Kings Estate flex condos are a strategic vessel for industrial ownership in St. Augustine’s next chapter. At $510,000–$560,000 per 2,240 SF unit, you gain high-clear, tilt-up design, loading capability, and a scalable anchor in a new development. If you want to capture upside in a market beginning to demand better industrial product, this is your structured opportunity. Be among the owners who shape the future, not chase it.

Links

Argossy International Properties
Saint John’s County Economic Development Partners

Transportation Snapshot

• Rail: Florida East Coast Railway (8 miles, ~15 minutes)
• Air: Northeast Florida Regional Airport (6 miles, ~12 minutes)
• Port: Port of Jacksonville (44 miles, ~55 minutes)

Listing Courtesy of Amanda Kinkade, Kinkade Commercial