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Property profile & analytics
OFF-MARKET
Estimated value
$15,200,000
Grocery and convenience stores
840 1st N Ponte Vedra Beach, FL 32082-3289
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-5465263
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
36,980 SF
Lot
6.84 ac (297,950 SF)
APN
061940 0000
UPID
US18-5465263
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
$15.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.80M
Blend (final)
Blend
$15.20M
Owner & transaction history
Gates Of Ponte Vedra LLC · 2 yrs held
Gates Of Ponte Vedra LLC
since 2024
Last sale
$15.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$17.9M
+89.5%
Commercial (general)
$12.9M
+37.2%
Office building
$12.2M
+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 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
$15,200,000
ML approach
$15,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$9,430,000
Current use
RESTAURANT
$17,870,000
Change: +90% · Conversion: Easy
COMMERCIAL (GENERAL)
$12,935,000
Change: +37% · Conversion: Easy
OFFICE BUILDING
$12,175,000
Change: +29% · Conversion: Easy
MEDICAL BUILDING
$10,985,000
Change: +16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,555,000
Change: +1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$9,400,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$15.20M
Range $13.68M – $16.72M · ±10% · vs last sale $15.20M (May 10 2024)
Last sale anchor
$15.20M
May 10 2024
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
$411 / 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
$99,968
Tax year 2023
Assessed value
$9,571,400
Assessed 2023
Previous assessed
$9,571,400
+0.0% YoY
Effective rate
1.04%
On assessed value
Land market value
$1,787,702
Improvement market value
$7,783,698
Total market value
$9,571,400
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
Off-Market
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
36,980 SF
Lot
6.84 ac (297,950 SF)
APN
061940 0000
UPID
US18-5465263
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
$9.4M
RESTAURANT
Est. value
$17.9M
COMMERCIAL (GENERAL)
Est. value
$12.9M
OFFICE BUILDING
Est. value
$12.2M
MEDICAL BUILDING
Est. value
$11.0M
AUTO REPAIR, GARAGE
Est. value
$9.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.4M
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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Lot
6.84 ac
Current owner
From public records · entity-resolved
Gates Of Ponte Vedra LLC
Entity
Mailing address
7077 BONNEVAL RD STE #400, JACKSONVILLE, FL 32216-4036
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2024
$15,200,000
Gates Of Ponte Vedra LLC
Nnn Ponte Vedra Fl Owner LP
Special Warranty Deed
$8,303,000 · South State Bank NA
Jul 5, 2018
$11,195,600
Nnn Ponte Vedra Fl Owner LP
Px Ponte Vedra LP
Grant Deed
—
Jul 5, 2018
—
Nnn Ponte Vedra Fl Owner LP
—
Loan Modification
related
$158,449,500 · Athene USA Corp
Sep 12, 2012
—
Fm Ponte Vedra LP
—
Deed Of Trust
related
$46,475,000 · Jackson National Life Ins Co
Aug 7, 2012
$9,000,000
Fm Ponte Vedra LP
Ponte Vedra E & A LLC
Grant Deed
—
Dec 28, 2009
—
Ponte Vedra LLC
E & A Acquisition LP
Warranty Deed
—
May 5, 1999
$9,277,700
E LP
G & G Ponte Vedra Ltd
Grant Deed
—
—
—
Fm Ponte Vedra LP
—
Deed Of Trust
related
$13,600,000 · Jackson National Life Ins Co
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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