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Property profile & analytics
OFF-MARKET
Estimated value
$22,910,000
Grocery and convenience stores
101 Marketside Ave Ponte Vedra, FL 32081-1541
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-5603669
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
61,399 SF
Lot
16.13 ac (702,710 SF)
APN
068051 0010
UPID
US18-5603669
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Lawn Avengers LLC Landscaping General Contractor
-
The UPS Store Courier Service Postal Service
-
Kelly Advantage Advertising Agency Marketing & Advertising
-
Insurance Concepts of Florida, Inc Insurance Agency
-
CP&S, LLC Marketing & Advertising Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$22.91M
Blend (final)
Blend
$22.91M
Owner & transaction history
Fifth Third Bank · 4 yrs held
Fifth Third Bank
since 2022
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$29.7M
+89.5%
Commercial (general)
$21.5M
+37.2%
Office building
$20.2M
+29.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ponte Vedra submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ponte Vedra submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$15,655,000
Current use
RESTAURANT
$29,670,000
Change: +90% · Conversion: Easy
COMMERCIAL (GENERAL)
$21,475,000
Change: +37% · Conversion: Easy
OFFICE BUILDING
$20,215,000
Change: +29% · Conversion: Easy
MEDICAL BUILDING
$18,235,000
Change: +16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$15,865,000
Change: +1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$15,610,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$22.91M
Range $20.62M – $25.20M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$373 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$326,512
Tax year 2023
Assessed value
$19,874,498
Assessed 2023
Previous assessed
$12,844,314
+54.7% YoY
Effective rate
1.64%
On assessed value
Land market value
$3,513,520
Improvement market value
$16,360,978
Total market value
$19,874,498
Applied tax rate
312.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
6
Stories
1
Total area
61,399 SF
Lot
16.13 ac (702,710 SF)
APN
068051 0010
UPID
US18-5603669
Jurisdiction
ST JOHNS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$15.7M
RESTAURANT
Est. value
$29.7M
COMMERCIAL (GENERAL)
Est. value
$21.5M
OFFICE BUILDING
Est. value
$20.2M
MEDICAL BUILDING
Est. value
$18.2M
AUTO REPAIR, GARAGE
Est. value
$15.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$15.6M
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
6
Lot
16.13 ac
Current owner
From public records · entity-resolved
Fifth Third Bank
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 2539, SAN ANTONIO, TX 78299-2539
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2022
—
Fifth Third Bank
Ntc Reg LLC
Lease
—
Apr 19, 2022
—
Fifth Third Bank National Associati
Ntc Reg LLC
Lease
related
—
Aug 18, 2014
$925,000
Vystar Cu
Ntc-reg LLC
Grant Deed
related
—
Feb 7, 2012
—
Ntc-reg LLC
Ntc-reg LLC
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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