Building Details

Year Built 2026

Listing Agency: BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY E***@floridanetworkrealty.com Show Phone

Listed By: WENDY A PATTON · License #0482053 Show Phone

Source: Endlesssummerrealty

Added: Sep 5 Changed: Oct 25 Last Checked: Oct 24 at 6:03PM

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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 BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

Unit 710 at Sterling Plaza II provides 2,400 square feet of flex space configured for office and warehouse use. Built in 2026, the property is offered in shell condition, allowing the interior to be completed for the user’s operational requirements. A 12 X 14 roll-up garage door supports loading and ground-level access.

The unit is located at 9950 Old Dixie Highway in Ponte Vedra, within the Nocatee area of North St. John’s County. Its flex format accommodates businesses seeking a combination of work, storage, and office space within a new-construction commercial property.

Key Highlights

• 2,400 square feet of flex, office, and warehouse space
• Built in 2026 with new‑construction delivery
• 12 X 14 roll‑up garage door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,744

Suggested Prices Based on Cap Rates

Cap Rate 5%

$314,880 $314.9K

Cap Rate 7%

$224,914 $224.9K

Cap Rate 9%

$174,933 $174.9K

What to ask about pricing

Market Conditions

NOI Build-Up for 2,400 SF

Gross rent

$25.6K $10.68/SF

− Vacancy

−$1.4K −$0.59/SF

EGI

$24.2K $10.09/SF

− OpEx

−$8.5K −$3.53/SF

NOI

$15.7K $6.56/SF

Area

St. Johns County, FL

Vacancy

5.50%

Lease Rate

$10.68 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$314,880

Cap Rate 7%

$224,914

Cap Rate 9%

$174,933

Alternative Uses

Best Use

Warehouse

$294.1K

$257.4K – $343.2K (±1% cap)

NOI $20,589 @ 7.0% cap · market cap 93,586.36%

Second Best

Industrial

$242.2K

$212.0K – $282.6K (±1% cap)

NOI $16,956 @ 7.0% cap · market cap 77,072.73%

Theoretical Best

Office A

$640.2K

$560.2K – $746.9K (±1% cap)

NOI $44,813 @ 7.0% cap · market cap 203,695.45%

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

Property Analytics

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Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Parking Lot & Garage Big Box & Wholesale Store Storage Facility Bakery Kitchen & Bath Showroom Cafe & Coffee Shop

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

Location Intelligence

Trade Area within ½ mile

132

Businesses Nearby

Well-served

Demand for This Use

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 Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Frequently Asked Questions

What type of property is this?

Flex space - New-construction commercial unit combining office and warehouse functionality in shell condition.

Where is this flex space located?

The property is located at 9950 OLD DIXIE Highway #710 Ponte Vedra, FL.

What are key features of this property?

This property features: 2,400 square feet of flex, office, and warehouse space; Built in 2026 with new‑construction delivery; 12 X 14 roll‑up garage door