Fernandina Beach Self-Storage
1431 Lewis St, Fernandina Beach, FL 32034
24,000 SF self-storage facility with value-add potential.
Type:Industrial
Property size:
25,167 SFPrice / SF:
$111/SF- Added:
- Nov 21, 2025
- Days on Market:
- 182
- Last Refresh:
- Apr 6 at 12:16 am
Property Features for 1431 Lewis St
General Information
- Standard status
- Active
- Size
- 25,167 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1982
Listing agent Kristen Asman License #OH #658012934 (614) 370-9077
Listing office SVN - Commercial Partners | Sarasota (614) 370-9077
Listing date Nov 21, 2025
Source Svn
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 SVN - Commercial Partners | Sarasota
HighLights
- Assumable Loan at a low 3.25% interest rate.
- Value‑add opportunity with 68% occupancy.
- Recent major improvements including new siding and refurbished roofs.
- Climate‑controlled and drive‑up self‑storage facility with 182 units.
- Located in Fernandina Beach, FL, with strong population growth.
- Limited competition with only one competitor nearby.
Overview
Located in Fernandina Beach, Florida, Amelia Personal Storage offers 24,000 square feet of climate-controlled and drive-up self storage. The property includes 182 units and 30 parking spaces, situated on 1.8 acres. The facility is fenced, paved, and gated with an automated gate. Recent improvements include new siding, full property paint, new ballasts, and refurbished roofs. The property is currently 68% occupied, presenting a value-add opportunity through leasing. The site is located in an undersupplied market with limited storage zoning. Fernandina Beach is located on Amelia Island, 36 miles north of Jacksonville, in Nassau County, which has a population of 105,000. The city of Fernandina Beach has a population of 13,000 people. The population of Fernandina Beach was 13,832 in 2024, growing at an annual rate of 1.36% and increasing by 5.65% since 2020. There is only one competitor in a 3-mile radius, with a 5-mile population density of 20,000 people. An assumable loan is available at a 3.25% rate.
Financial Insights
Value Estimation Calculated for Self Storage
Conservative
$2.59M
NOI $233,389 @ 9.00% cap · cautious / downside scenario
Moderate
$3.33M
NOI $233,389 @ 7.00% cap · market / base-case scenario
Aggressive
$4.67M
NOI $233,389 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Self Storage
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $362.4k | $14.40 |
| − Vacancy | −$29.0k | −$1.15 |
| EGI | $333.4k | $13.25 |
| − OpEx | −$100.0k | −$3.97 |
| NOI | $233.4k | $9.27 |
25,167 SF · lease $14.40/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Use Scenarios
Best Use
Self Storage
$3.33M
$2.92M – $3.89M
NOI $233,389 @ 7.0% cap · market cap 8.34%
Second Best
Industrial
$2.54M
$2.22M – $2.96M
NOI $177,800 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$6.71M
$5.87M – $7.83M
NOI $469,918 @ 7.0% cap · market cap 16.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Self storage facilities
Location Insight
- Map
- Local Demand
- City
- Fernandina Beach
- County
- Nassau
- State
- Florida
- Longitude
- -81.4523
- Latitude
- 30.5736
Nearby Similar for Sale
FAQs
What type of property is this?
Self storage facility - 24,000 SF self-storage facility with value-add potential.
Where is this self storage facility located?
The property is located at 1431 Lewis St Fernandina Beach, FL.
What is the asking price?
The asking price for this property is $2,799,000.
What are key features of this property?
This property features: Assumable Loan at a low 3.25% interest rate.; Value‑add opportunity with 68% occupancy.; Recent major improvements including new siding and refurbished roofs.
