Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    700 Durbin Pavilion Dr Saint Johns, FL 32259-4118

    • Strip malls
    • 7,791 SF
    • 2.01 lot acres
    OFF-MARKET
    Value Estimations
    $1,315,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5839911
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Strip malls

    Property Details for 700 Durbin Pavilion Dr

    Year built
    2019
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.01 lot acres
    Property size
    7,791 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    023540 0015
    APU
    235400015

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,250,000
      Current use
      COMMERCIAL (GENERAL)
      $1,965,000
      Change: +57% Conversion: Easy
      MEDICAL BUILDING
      $1,780,000
      Change: +42% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,660,000
      Change: +33% Conversion: Difficult
      OFFICE BUILDING
      $1,515,000
      Change: +21% Conversion: Moderate
      RETAIL STORES
      $1,410,000
      Change: +13% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $1,285,000
      Change: +3% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Saint Johns
    County
    St. Johns
    State
    Florida
    Longitude
    -81.5218
    Latitude
    30.0962
    CBSA code
    27260
    CBSA name
    JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $34,238
    $0.00
    $0.00
    $2,815,035
    -
    $1,052,568
    $1,762,467
    $2,815,035

    Comparable in this City

    • Value Estimation
      $7,120,000
      64,655 SF

      2703 County Rd 210th W

      SHOPPING CENTER, STRIP CENTER • 64,655 SF
      2703 County Rd 210th W, Jacksonville, FL 32259
      View Details
    • Value Estimation
      $1,440,000
      14,085 SF

      2758 Race Trak Rd

      SHOPPING CENTER, STRIP CENTER • 14,085 SF
      2758 Race Trak Rd, Saint Johns, FL 32259-3250
      View Details
    • Value Estimation
      $1,290,000
      8,638 SF

      100 Gtwy Cir

      SHOPPING CENTER, STRIP CENTER • 8,638 SF
      100 Gtwy Cir, Saint Johns, FL 32259-4091
      View Details
    • Value Estimation
      $1,675,000
      18,196 SF

      540 State Rd 13th N

      SHOPPING CENTER, STRIP CENTER • 18,196 SF
      540 State Rd 13th N, Saint Johns, FL 32259-3872
      View Details
    • Value Estimation
      $2,265,000
      11,426 SF

      530 State Rd 13th N

      SHOPPING CENTER, STRIP CENTER • 11,426 SF
      530 State Rd 13th N, Saint Johns, FL 32259-3865
      View Details
    • Value Estimation
      $3,675,000
      40,858 SF

      Saint Johns, FL 32259

      SHOPPING CENTER, STRIP CENTER • 40,858 SF
      Saint Johns, FL 32259
      View Details

    Similar Nearby for Sale

    • $1,200,000
      1.04 Acres

      Prime Fruit Cove Commercial Land

      1.04 Acres, High Visibility, $1.2M
      1430 State Rd 13, Fruit Cove, FL 32259
      View Details
    • $350,000
      0.99 Acres

      Land in Fruit Cove, FL

      0.99-acre lot in St. Johns County, no HOA or CDD.
      Lee Rd, Jacksonville, FL 32259
      View Details
    • New
      $949,700
      2.76 Acres

      Waterfront Land in St. Johns

      2.76 acre waterfront property on Durbin Creek.
      3075 Bishop Estates Rd, Saint Johns, FL 32259
      View Details
    • Contact for pricing

      Saint Johns Commercial Land Parcel

      5.53 acre parcel in RiverTown PUD for sale.
      Greenbriar Rd, Saint Johns, FL 32259
      View Details
    • $390,250
      1,115 SF

      Prime Location Office Condominium

      Office condominium with prime location, quality, and ownership value.
      1447 Roberts Rd, Saint Johns, FL 32259
      View Details
    • $2,700,000
      14.04 Acres

      14 Acres St. Johns County Land

      Prime Commercial/Residential Land, $2.7M
      0 County Road 210, Jacksonville, FL 32259
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      11,690 SF

      Retail and Office Space Available

      Shopping center and office space for rent in Jacksonville, Florida.
      1820 Sr 13, Jacksonville, FL 32259
      View Details
    • Contact for pricing
      1,200 SF

      Restaurant Space with Drive-Thru

      1,200 SF restaurant space with drive-thru in St. Johns.
      1405 St Johns Pkwy, Saint Johns, FL 32259
      View Details
    • Contact for pricing
      515 SF

      Retail Space in Julington Marketplace

      Retail space for lease in a thriving St. Johns market.
      4125 Race Track Rd, Saint Johns, FL 32259
      View Details
    • Contact for pricing
      17,707 SF

      Shops at Race Track Road

      Prime Retail Space in St. Johns County
      4560 Race Track Rd, Saint Johns, FL 32259
      View Details
    • Contact for pricing

      Retail Space and Pad Sites

      Retail spaces and pad sites available in Jacksonville, Florida.
      4560 Race Track Rd, Jacksonville, FL 32259
      View Details
    • Contact for pricing
      547,075 SF

      Legend Point Logistics Crossing

      New St. Johns, FL warehouse space
      220 Accolade Ave, Saint Johns, FL 32259
      View Details
    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.
    700 Durbin Pavilion Dr
    Saint Johns, FL 32259-4118
    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

    Google sign-in failed. Please try again or use another login method.