Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in Durbin Park Title is generated by Realmo AI

    70-120 Durbin Pavilion Dr, FL

    Claim this Listing
    For Lease
    Contact for pricing

    Retail space available within a large shopping center development.

    Type:RETAIL
    Property size:
    1,306 SF
    Lot size:
    83.10 Acres
    Added:
    Jun 3, 2024
    Days on Market:
    719
    Last Refresh:
    Apr 5 at 10:10 pm

    Property Features for 70-120 Durbin Pavilion Dr

    General Information

    Standard status
    Active
    Size
    1,306 SF
    Lot size
    83.10 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 70-120 Durbin Pavilion Dr Contact us

    We can help!

    Listing Contact
    Stephanie McCullough
    Stephanie McCullough

    Listing agent Stephanie McCullough License #3370246

    Listing office The Shopping Center Group | Jacksonville

    Listing date Jun 3, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of The Shopping Center Group | Jacksonville

    HighLights

    • 700,000 SF development servicing St. John’s County and Greater Jacksonville.
    • Signalized access points on Race Track Rd and West Peyton Parkway.
    • Co‑tenancy with major national retailers including Home Depot, Walmart, Ross, Ulta, and Old Navy.
    • Anchored by Cinemark.
    • Includes a variety of restaurant options like Starbucks and Mellow Mushroom.
    • Features fitness and wellness options such as Club Pilates.

    Overview

    The Pavilion at Durbin Park is a 700,000 square feet development servicing the communities of St. John’s County and drawing from the Greater Jacksonville area. The property offers signalized access points on Race Track Road and West Peyton Parkway. Co-tenants include Ulta, Old Navy, Cinemark, Starbucks, Mellow Mushroom, Club Pilates, Home Depot, Walmart, Ross and several more national and regional shops and restaurants. The available retail space is 1,306 square feet and is located at 70-120 Durbin Pavilion Drive in St. Johns, Florida.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Nearby Similar for Lease

    • $25 SF/Yr
      1,985 SF

      Commercial Condo Units For Lease

      Commercial condo units for lease in Brevard Medical City.
      6545 N Wickham Rd , Melbourne, FL 32940, FL
      View Details
    • $26 SF/Yr
      880 SF

      Renovated Office Space on State Road

      Fully renovated office space with frontage on State Road 13.
      120 State Rd 13, St Johns, FL
      View Details
    • $45 SF/Yr
      1,400 SF

      Retail Space in St Cloud

      Retail space available in a new Publix-anchored shopping center.
      2863-2895 N Narcoossee Rd, St Cloud, FL
      View Details
    • $35 SF/Yr
      1,200 SF

      Retail Space in Publix-Anchored Center

      Retail space available in a high-traffic shopping center.
      18955-19009 Us Hwy, Mt Dora, FL
      View Details
    • Contact for pricing
      1,597 SF

      Retail Space on Narcoossee Road

      Retail space for lease with frontage on Narcoossee Road.
      1340 S Narcoossee Rd , St Cloud, FL
      View Details
    • $22 SF/Yr
      2,110 SF

      Retail Center and Office Space

      Retail center and office space available for lease.
      1820 State Rd 13, St Johns, FL
      View Details
    • Contact for pricing
      10,800 SF

      Retail Space in St. Cloud

      Retail space available in growing St. Cloud, Florida.
      3401 13th, St Cloud, FL
      View Details
    • Contact for pricing
      266,274 SF

      St. Johns Warehouse Space Available

      266,274 sq ft warehouse space in St. Johns, FL.
      95 County Rd 210, St. Johns, FL
      View Details
    • $32 SF/Yr
      1,711 SF

      St. Johns Parkway Commercial Space

      Office, retail, or medical space with high-traffic frontage.
      2050 St Johns Pkwy, St Johns, FL
      View Details
    • Contact for pricing
      1,866 SF

      Retail Space in Durbin Park

      Retail space available within a 700,000 SF development.
      550 Durbin Pavilion Dr, St Johns, FL
      View Details
    • Contact for pricing
      1,420 SF

      Retail Space in Durbin Park

      Retail space available within a 700,000 SF St. Johns development.
      935 Durbin Pavilion Dr, St Johns, FL
      View Details
    • Contact for pricing
      1,526 SF

      Retail/Medical Space on Racetrack Road

      Retail and medical space available in master-planned mixed-use development.
      175 Rainier Ln, St Johns, FL
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available within a large shopping center development.
    Where is this shopping center located?
    The property is located at 70-120 Durbin Pavilion Dr FL.
    What are key features of this property?
    This property features: 700,000 SF development servicing St. John’s County and Greater Jacksonville.; Signalized access points on Race Track Rd and West Peyton Parkway.; Co‑tenancy with major national retailers including Home Depot, Walmart, Ross, Ulta, and Old Navy.
    (904) 565-2635 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Stephanie McCullough
    Stephanie McCullough
    Real Estate License ID: 3370246
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    70-120 Durbin Pavilion Dr, St Johns, FL
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!