Retail Condominium
For Sale
$710,000
145 Hilden Rd Unit 118, Ponte Vedra, FL 32081
The 2006-built condominium supports retail, office, restaurant, and professional commercial uses.
Property Size1,479 SF
Price / SF$480.05
Days on Market63
Property Features for 145 Hilden Rd Unit 118
General Information
Standard status
Active
Size
1,479 SF
Property subtype
Commercial
Building Details
Year Built
2006
Listing Agency:
WATSON REALTY CORP
(904) 434-6959
Listed By:
ORJADA HAJDINI · License #3325404
Source:
Exitonestop
Added: Jun 28
Changed: Aug 29
Last Checked: Aug 29 at 1:43PM
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 WATSON REALTY CORP
Investment Insights
Based on property information with market context.
This retail condominium unit was constructed in 2006 and is identified for retail, office, restaurant, and professional commercial use. The property is located within The Shoppes of St Johns Oaks development at 145 Hilden Rd Unit 118 in Ponte Vedra, Florida.
Key Highlights
- Retail condominium unit at 145 Hilden Rd Unit 118
- Built in 2006
- Located within The Shoppes of St Johns Oaks
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,712
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$414,240
$414.2K
Cap Rate 7%
$295,886
$295.9K
Cap Rate 9%
$230,133
$230.1K
Market Conditions
NOI Build-Up for 1,479 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$35.5K $24.00/SF
− Vacancy
−$7.9K −$5.33/SF
EGI
$27.6K $18.67/SF
− OpEx
−$6.9K −$4.67/SF
NOI
$20.7K $14.00/SF
Area
St. Johns County, FL
Vacancy
22.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$414,240
Cap Rate 7%
$295,886
Cap Rate 9%
$230,133
Alternative Uses
Best Use
Office B
$295.9K
$258.9K – $345.2K
NOI $20,712 @ 7.0% cap · market cap 2.92%
Second Best
Specialty Retail
$255.9K
$223.9K – $298.5K
NOI $17,910 @ 7.0% cap · market cap 2.52%
Theoretical Best
Office A
$394.5K
$345.2K – $460.3K
NOI $27,616 @ 7.0% cap · market cap 3.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
126
Businesses Nearby
Explore this area
Business Placement
Demographics for 32081, FL
24,672
Population
10,125
Households
2.4
Avg Household Size
42
Median Age
69%
College-Educated
98%
High-School Grad
35.3 sq mi
ZIP Area
699
Density / Sq Mi
$128,316
Median Household Income
$71,581
Median Earnings
$3,444
Median Rent
$590,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - The 2006-built condominium supports retail, office, restaurant, and professional commercial uses.
Where is this retail space located?
The property is located at 145 Hilden Rd Unit 118 Ponte Vedra, FL.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: Retail condominium unit at 145 Hilden Rd Unit 118; Built in 2006; Located within The Shoppes of St Johns Oaks
