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Property profile & analytics
FOR LEASE
Grocery and convenience stores
3791 Palm Valley Rd Ponte Vedra Beach, FL 32082
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US18-3806454
For Lease
1 / 2
$11,415,000
3791 Palm Valley Rd, Ponte Vedra Beach, FL 32082
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
37,842 SF
Lot
4.53 ac (197,196 SF)
Zoning code
CG
APN
067240 0000
UPID
US18-3806454
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.47M
Blend (final)
Blend
$11.42M
Owner & transaction history
Fbp Dev Pv LLC · 13 yrs held
Fbp Dev Pv LLC
since 2013
7 recorded transactions
Zoning & alternative use
CG · Ponte Vedra Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$18.3M
+89.5%
Commercial (general)
$13.2M
+37.2%
Office building
$12.5M
+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 Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ponte Vedra Beach 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
$9,650,000
Current use
RESTAURANT
$18,285,000
Change: +90% · Conversion: Easy
COMMERCIAL (GENERAL)
$13,235,000
Change: +37% · Conversion: Easy
OFFICE BUILDING
$12,460,000
Change: +29% · Conversion: Easy
MEDICAL BUILDING
$11,240,000
Change: +16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,780,000
Change: +1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$9,620,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$11.42M
Range $10.27M – $12.56M · ±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
$302 / 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
$81,232
Tax year 2023
Assessed value
$7,094,600
Assessed 2023
Previous assessed
$5,348,403
+32.6% YoY
Effective rate
1.14%
On assessed value
Land market value
$1,577,480
Improvement market value
$5,517,120
Total market value
$7,094,600
Applied tax rate
300.0000
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
For Lease
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
37,842 SF
Lot
4.53 ac (197,196 SF)
Zoning code
CG
APN
067240 0000
UPID
US18-3806454
Jurisdiction
ST JOHNS
Zoning & alternative use
CG · Ponte Vedra Beach, FL
Zoning CG · permitted uses
CG · Ponte Vedra Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ponte Vedra Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$9.7M
RESTAURANT
Est. value
$18.3M
COMMERCIAL (GENERAL)
Est. value
$13.2M
OFFICE BUILDING
Est. value
$12.5M
MEDICAL BUILDING
Est. value
$11.2M
AUTO REPAIR, GARAGE
Est. value
$9.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.6M
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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Lot
4.53 ac
Current owner
From public records · entity-resolved
Fbp Dev Pv LLC
Entity
Mailing address
PO BOX 1414, PONTE VEDRA BEACH, FL 32004-1414
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2013
$8,400,000
Fbp Dev Pv LLC
Ipers Palm Valley Road INC
Grant Deed
$5,500,000 · Regions Bank
May 17, 2006
$13,207,000
Ipers Palm Valley Road INC
Palm Valley Realty LLC
Grant Deed
—
Mar 16, 2006
—
Palm Valley Realty LLC
Sembler Family Trust 27 Ltd
Grant Deed
related
—
Jun 23, 2005
$12,730,000
Palm Valley Realty LLC
Sembler Family Ptshp 27 Ltd
Grant Deed
—
Apr 2, 2004
$1,500,000
Sembler Family Ptshp #27 Ltd
Hughes,stephen L & Kathleen A
Grant Deed
—
Apr 2, 2004
$1,100,000
Sembler Family Ptshp 27 Ltd
Young,franklin C & Selena G
Warranty Deed
—
Apr 2, 2004
$939,700
Sembler Family Ptshp 27 Ltd
Winberry,franklin D
Warranty Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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