Projects
Kings Estate Industrial Park
Project facts
- Status
- Completed
- Address
- 645 Kings Estate Rd
- City
- St. Augustine, Florida
- Region
- Jacksonville MSA
- Submarket
- St. Augustine; St. Johns
- Units
- 26
- Amenity tier
- Flex
- Key amenities
- 14'+ Roll-Up Doors, 18'+ Clear Heights
- Construction
- Tilt Wall
- Finish level
- Utility
- Year built
- 2026
- Flood zone
- X
Location Summary
St. Augustine / St. Augustine; St. Johns Overview
Kings Estate Industrial Park sits at 645 Kings Estate Road on the working southwest side of St. Augustine, positioned between the historic downtown and Anastasia Island beaches to the east and the State Road 207 and Interstate 95 interchange to the southwest. The Jacksonville metro reached roughly 1.76 million residents in 2024, up about 9.6 percent since 2020, and St. Johns County, ranked Florida's wealthiest county, grew 26.1 percent from 2019 to 2024 to 334,298 residents, with Florida's lack of a state income tax sustaining in-migration. Within that metro, the St. Augustine; St. Johns corridor draws relocating professionals, active-adult and golf households, and enthusiasts buying into new communities, and it sits above the Fernandina Beach; Yulee corridor and just below the Ponte Vedra beaches on SCK's affluence scale.
The immediate trade area is older, more seasonal, and more modest in income than the county's northern growth belt, which suits the project's flex positioning. Within five miles the median age is 47.4, residents 55 and older make up 42.6 percent of the population, and 17.0 percent of housing units are seasonal, a profile of retirees and part-year owners who keep boats, recreational vehicles, and weekend cars. The project carries an SCK Wealth Index of 2.8 out of 10, with 1,309 households earning $200,000 or more within five miles, widening to 3,228 within seven miles as the radius reaches the island and the golf communities.
Access is direct: SR 207 connects the site to Interstate 95 at exit 311 about 4 miles southwest and terminates at US 1 (Ponce de Leon Boulevard) just to the northeast, the route into historic downtown and Flagler College. Jacksonville International Airport is reached north via Interstate 95.
Current Events & Infrastructure
- Madison Seagrass apartments, about 10 minutes north: Madison Capital Group and Madison Communities broke ground on March 25, 2026 on Madison Seagrass, 232 units at State Road 16 and Kenton Mountain Road with roughly 40 percent designated affordable under the Live Local Act. St. Johns County issued permits valued at $69.3 million in June 2026. It adds a new renter base with limited on-site storage within a short drive.
- SR 207 and I-95 interchange growth, about 4 miles southwest: A Tampa developer filed plans in December 2025 for a 280-unit, four-building apartment project at 426 Resort Way at the northeast corner of SR 207 and I-95, placed on the county development review agenda for January 2026. A separate filing the same month proposed two hotel buildings of 14,724 square feet each, a convenience store, a restaurant, and 18 EV charging stations on an 8-acre SR 207 site east of I-95, purchased for $3.5 million. Together they signal that the site's interstate approach is urbanizing.
Key Demand Drivers
New supply around the site is dominated by apartments with little private garaging, and the area's older, seasonal ownership base holds boats, recreational vehicles, and collector cars that do not fit at home. Tall, drive-in garage suites with 14-foot doors and 18-foot clear heights fill exactly that gap.
- UF Health Flagler Hospital (about 2 miles east): The 335-bed hospital at 400 Health Park Boulevard, part of UF Health since September 2023, anchors the south county's medical employment and physician base.
- St. Augustine Amphitheatre (about 4 miles east): The 4,700-seat county-run venue in Anastasia State Park, ranked by Pollstar as the number two amphitheatre in the United States in 2019, draws regional visitors and hosts a year-round Saturday farmers' market.
- Madison Seagrass (about 10 minutes north): 232 new rental units under construction following the March 2026 groundbreaking, with $69.3 million in county permits.
- SR 207 and I-95 node (about 4 miles southwest): 280 proposed apartment units plus a two-hotel travel center, extending rooftops and traffic along the site's interstate approach.
Location Highlights
- MSA Position: A 1.76 million-resident metro growing several times the national pace, with St. Johns County the region's affluence engine.
- Enthusiast / Collector Culture: The Amelia Island Concours d'Elegance, one of the Southeast's premier collector-car gatherings, is about 75 minutes north, and the PGA Tour and TPC Sawgrass anchor a golf culture about 30 minutes north.
- Infrastructure & Recreation: Anastasia State Park, home to the amphitheatre and its weekly market, sits about 4 miles east across the Intracoastal Waterway, anchoring a boating and beach lifestyle that generates demand for high-clearance garaging.
- Market-Specific Factor: With 17.0 percent seasonal units and 42.6 percent of residents 55 and older within five miles, the trade area favors owners who need secure, high-clearance space for boats and recreational vehicles alongside cars.
- Tax & Quality of Life: No state income tax, a highly rated public school system, and the historic city's tourism economy.
- High Net Worth Concentration: Households earning $200,000 or more total 321 within three miles, 1,309 within five miles, and 3,228 within seven miles, a pool that deepens as the radius reaches the island and golf communities.
Area Demographics (ACS 2024)
5-Mile Profile: Population 29,582 | Median HH Income $78,279 | HH Earning $150K+ 19.5% | Median Age 47.4 | Age 55+ 42.6% | Seasonal Units 17.0% | Households with 3+ Vehicles 13.5% | YoY Population Growth Not available
Wealth Index: 2.8 / 10 (SCK portfolio-relative)