Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Grocery Center in Growing Community Title is generated by Realmo AI

    120 Marketside Avenue, Ponte Vedra Beach, FL 32081

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Grocery center in a rapidly growing master-planned community.

    Type:Retail
    Added:
    Nov 25, 2020
    Days on Market:
    2015
    Last Refresh:
    May 12 at 10:42 pm

    Property Features for 120 Marketside Avenue

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 120 Marketside Avenue Contact us

    We can help!

    Listing Contact
    Rachel Gregorie

    Listing agent Rachel Gregorie License #SL3490642

    Listing office Regency Centers

    Listing date Nov 25, 2020

    Source Crexi

    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 Regency Centers

    HighLights

    • Primary grocery center
    • Located in an affluent community
    • Part of the sixth‑fastest‑growing master‑planned community
    • Positioned within a master‑planned community
    • Reputable grocery center
    • Benefits from a strong sense of community

    Overview

    This property is the primary grocery center for an affluent community, identified as the sixth-fastest-growing master-planned community in the U.S.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Similar Places Nearby

    • Mamasamas — 560 N Wilderness Trail, Ponte Vedra Beach, FL 32082

    Map

    City
    Ponte Vedra Beach
    County
    St. Johns
    State
    Florida
    Longitude
    -81.3956
    Latitude
    30.1736

    Nearby Similar for Lease

    • $9,647/Mo
      3,087 SF

      Waterfront Office Space For Lease

      First-floor Ponte Vedra office space with excellent visibility and modern finishes.
      572 PONTE VEDRA Boulevard, Ponte Vedra Beach, FL 32082
      View Details
    • $1,114/Mo
      13,502 SF

      Ponte Vedra Beach Office Space

      Office space for rent near Sawgrass South Entrance.
      10033 SAWGRASS Drive W, Ponte Vedra Beach, FL 32082
      View Details
    • Sponsored
      $129-$8,176/Mo
      11-1,292 SF

      Ponte Vedra Beach

      822 A1A, Unit 310, Ponte Vedra Beach, FL 32082
      View Details
    • $1,113/Mo
      13,502 SF

      SAWGRASS Drive W Office Space

      Office space available for rent on SAWGRASS Drive W.
      10033 SAWGRASS Drive W 121, Ponte Vedra Beach, FL 32082
      View Details
    • $38 SF/Yr
      1,553 SF

      Retail Space Near PGA TOUR

      Retail space for lease near PGA TOUR headquarters and TPC Sawgrass.
      280 Village Main St, Ponte Vedra Beach, FL
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Affluent Community

      Freestanding retail and endcap spaces available in Ponte Vedra.
      3791 Palm Valley Rd, Ponte Vedra Beach, FL
      View Details
    • Contact for pricing
      2,851 SF

      Mixed-Use Retail and Office Development

      26,600 SF mixed-use development at a signalized intersection.
      1110 A1a N, Ponte Vedra Beach, FL
      View Details
    • Contact for pricing
      12,213 SF

      Retail Space in Ponte Vedra

      Retail space available in affluent Ponte Vedra Beach community.
      225 Village Main St, Ponte Vedra Beach, FL
      View Details
    • $27 SF/Yr
      1,800 SF

      Nocatee Town Center Office Space

      New construction office space next to Publix in Nocatee.
      220 Nocatee Village Dr, Ponte Vedra Beach, FL
      View Details
    • Contact for pricing
      3,416 SF

      Freestanding Retail Space Available Soon

      Freestanding and endcap retail spaces in affluent Ponte Vedra.
      3795 Palm Valley Rd, Ponte Vedra Beach, FL
      View Details
    • Contact for pricing
      610 SF

      Ponte Vedra Beach Office Space

      Office space available for rent in Ponte Vedra Beach.
      13000 Sawgrass Village Cir, Ponte Vedra Beach, FL
      View Details
    • Contact for pricing
      5,357 SF

      Retail Space in Ponte Vedra

      Retail space for lease in Ponte Vedra Beach, Florida.
      601 A1A N, Ponte Vedra Beach, FL
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Grocery center in a rapidly growing master-planned community.
    Where is this grocery and convenience store located?
    The property is located at 120 Marketside Avenue Ponte Vedra Beach, FL.
    What are key features of this property?
    This property features: Primary grocery center; Located in an affluent community; Part of the sixth‑fastest‑growing master‑planned community
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Rachel Gregorie
    Real Estate License ID: SL3490642
    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
    120 Marketside Avenue, Ponte Vedra Beach, FL 32081
    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!