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    Restaurant Condo in Ponte Vedra Title is generated by Realmo AI

    145 Hilden Rd Unit 106, Ponte Vedra, FL 32081

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    Claim this Listing
    For Sale
    $798,000

    Perfect for Filipino, Korean, or Vietnamese Restaurant or even Breakfast/Brunch/Lunch Concept

    Property size:
    1,479 SF
    Price / SF:
    $539/SF
    Added:
    Jan 21, 2026
    Days on Market:
    113
    Last Refresh:
    Apr 8 at 2:26 pm

    Property Features for 145 Hilden Rd Unit 106

    General Information

    Standard status
    Active
    Property type
    Conventional restaurants, Breakfast & diners, Coffee shops, Restaurants
    Size
    1,479 SF
    Net Rentable
    1,479 SF
    Class
    B
    Elevators
    No
    Occupancy
    100%

    Building Details

    Year Built
    2006
    Year Renovated
    2019
    Buildings
    1
    Stories
    1
    Units
    1

    We can help!

    Listing Contact
    Melesia Ziller
    Melesia Ziller

    Listing agent Melesia License #3460531

    Listing office Clearpath Commercial

    Listing date Jan 21, 2026

    Overview

    Located in Ponte Vedra Beach, St. Johns County, this 1,479 square foot retail condominium unit is suitable for food and beverage operations. The property is positioned within an established neighborhood retail center. The existing Asian cuisine restaurant includes real estate, FF&E, and goodwill. The second-generation restaurant buildout is already complete, with major capital systems in place such as a hood, grease trap, plumbing, electrical, kitchen infrastructure, and restrooms. The flexible interior layout is suitable for quick service, fast casual, or full-service formats. The unit includes a dedicated entrance, storefront visibility, and customer parking access. Co-tenants drive steady foot traffic and repeat weekly visitation, and the center functions as a community stop for dining, errands, and services. It is an excellent fit for breakfast and lunch café concepts, a bakery and coffee shop, healthy fast-casual dining, Mediterranean or deli-style restaurants, or ramen and noodle restaurants. The property is located close to US-1, Nocatee, Palencia, and major commuter corridors. The location is ideal for chef-owners, family operators, hospitality groups, and end-users wanting to own versus lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    River City Mortgage Loan Service Jax Psychiatry.LLC Physician Stapleton Consulting Services, ... Marriage Or Relationship Counselor Willens M DC Alternative Medicine Practice River City Personal ... Gym & Fitness Center

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Auto Repair Shop Big Box & Wholesale Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ponte Vedra
    County
    St. Johns
    State
    Florida
    Longitude
    -81.3956
    Latitude
    30.1736

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      Jonis Pizza Restaurant For Sale

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    FAQs

    What type of property is this?
    Conventional restaurant - Perfect for Filipino, Korean, or Vietnamese Restaurant or even Breakfast/Brunch/Lunch Concept
    Where is this conventional restaurant located?
    The property is located at 145 Hilden Rd Unit 106 Ponte Vedra, FL.
    What is the asking price?
    The asking price for this property is $798,000.
    (904) 903-8755
    We can help!
    Listing Contact
    Melesia Ziller
    Melesia Ziller
    Real Estate License ID: 3460531
    Learn More
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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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