2nd Gen Restaurant in St Johns County Ready for Fresh Concept
Marketing description Real Estate + FF&E + Goodwill (great reviews and built in potential customers) sold as a package- If you’ve been trying to break into the St Johns County Market but the cost of a hood/ grease trap/great location and equipment are holding you back, then look no further.
Property Overview - For Sale: Retail/Restaurant Condominium Unit #106 (real property) - Building Type: Neighborhood retail center condo - Use Type: Currently an Asian Cuisine and Sushi Restaurant (existing). Potential to be a breakfast and lunch café, bakery, deli, Mediterranean, Latin, Indian, ramen/noodle, bistro, etc. - Zoning/Use: Supports food & beverage operations but zoned as a office condo - Square Footage: 1,479 SF
Real Estate Value - Built in clientele brings value to owning your restaurant space in Ponte Vedra Beach - Second-generation restaurant buildout already complete—major capital systems in place (hood, grease trap, plumbing, electrical, kitchen infrastructure, restrooms). - Strong buildout replacement value, reducing CapEx for your new concept- Just come in and decorate! - Flexible interior layout suitable for quick service, fast casual, or full-service formats - Unit includes dedicated entrance, storefront visibility, and customer parking access
Location & Trade Area - Located in affluent Ponte Vedra Beach / St. Johns County—one of Florida’s fastest-growing, highest-income markets - Surrounded by dense single-family residential, top schools, and master-planned communities - Close proximity to US-1, Nocatee, Palencia, and major commuter corridors - Strong lunch and dinner demand from nearby residents, offices, and service retailers - High household income demographics create strong discretionary dining demand
Center & Co-Tenants - Positioned within an established neighborhood retail center - Co-tenants drive steady foot traffic + repeat weekly visitation - The center functions as a community stop for dining, errands, and services - Excellent parking ratio and ease of ingress/egress for dine-in + takeout customers
Existing Business & Goodwill (Value-Add) - Unit is currently home to a well-regarded Asian cuisine restaurant, known for quality food & service, repeat local clientele, neighborhood trust + strong online reviews (goodwill included) - Brand goodwill can be leveraged or retired depending on buyer objectives - Ideal for: Chef-owners, family operators, hospitality groups, end-users wanting to own vs. lease
Concept Fit & Positioning - Excellent fit for: Breakfast + lunch café concepts, bakery + coffee shop, healthy fast-casual, Mediterranean or deli-style, ramen/noodle/poke (non-sushi), fusion bistro - Not recommended for sushi concepts due to two new competing sushi operators opening within ~1.5 miles — reduces direct competitive viability - Strong location for dine-in, takeout, and delivery workflows
Included in Sale - Real Estate: Condo Unit #106 — fee simple ownership - FF&E Package: Kitchen equipment, hood & grease trap systems, refrigeration, smallwares, dining room furniture, POS - Intangibles / Goodwill: Brand reputation, customer following, operating systems (if buyer continues existing brand)
Investment Highlights - Buy vs Lease Advantage: Ideal for operators seeking long-term control and equity - High barriers to entry for new restaurant buildouts in Ponte Vedra Beach - Affluent trade area with strong spending power - Immediate operational capability with minimal downtime - Attractive exit options — owner-user, investor, or resale
Transaction Notes - Showings by appointment only - Financials & equipment list available with NDA - Business entity can transfer or be dissolved based on buyer strategy - Seller prefers a real estate + FF&E + goodwill package sale
Property Features for 145 Hilden Rd
General Information
Property type
Other retail properties
Square Feet
1,479 SF
Class
B
Net Rentable
1,479 SF
Building Details
Year Built
2006
Units
1
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Melesia Ziller
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145 Hilden Rd Ponte Vedra, FL 32081
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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.
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