Building Details

Year Built 2024

Tenancy Single

Listing Agency: Cantrell & Morgan, Inc. Show Phone

Listed By: Sean McGill · License #3087553 Show Phone

Source: Moodyscre

Added: Aug 28, 2025 Changed: Sep 29 Last Checked: Oct 12 at 7:42PM

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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 Cantrell & Morgan, Inc.

Investment Insights

Based on property information with market context.

This conventional restaurant property contains a 6254-square-foot, full-service dining operation completed in 2024. The asset is configured for a single tenant and presents a contemporary restaurant setting for an experiential dining concept.

The property is positioned at the entrance to Nocatee in St. Johns, Florida, with access from Race Track Road. The listed address is 140 Cypress Edge Dr, St Johns, FL 32259.

Key Highlights

• 6254‑square‑foot conventional restaurant property
• Constructed in 2024
• Configured for a single tenant

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$93,210

Cap Rate

4.24%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,864,200 $1.9M

Cap Rate 7%

$1,331,571 $1.3M

Cap Rate 9%

$1,035,667 $1.0M

Market Conditions

NOI Build-Up for 6,254 SF

Gross rent

$135.1K $21.60/SF

− Vacancy

−$10.8K −$1.73/SF

EGI

$124.3K $19.87/SF

− OpEx

−$31.1K −$4.97/SF

NOI

$93.2K $14.90/SF

Area

Jacksonville, FL

Vacancy

8.00%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,864,200

Cap Rate 7%

$1,331,571

Cap Rate 9%

$1,035,667

Alternative Uses

Best Use

Specialty Retail

$1.33M

$1.17M – $1.55M (±1% cap)

NOI $93,210 @ 7.0% cap · market cap 4.24%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.71M

$1.50M – $2.00M (±1% cap)

NOI $119,927 @ 7.0% cap · market cap 5.45%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Auto Parts Store Law Firm Big Box & Wholesale Store Furniture & Home Goods Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

27

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 32259, FL

62,169

Population

23,235

Households

2.7

Avg Household Size

38

Median Age

54%

College-Educated

98%

High-School Grad

56.5 sq mi

ZIP Area

1,100

Density / Sq Mi

$144,168

Median Household Income

$65,584

Median Earnings

$2,268

Median Rent

$480,800

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Conventional restaurant - Full-service dining property constructed in 2024 at the entrance to Nocatee.

Where is this conventional restaurant located?

The property is located at 140 Cypress Edge Dr Saint Johns, FL.

What is the asking price?

The asking price for this property is $2,200,000.

What are key features of this property?

This property features: 6254‑square‑foot conventional restaurant property; Constructed in 2024; Configured for a single tenant