Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    2610 Midway Rd Fernandina Beach, FL 32034

    Sponsored
    For Sale
    $999,900

    Prime Corner Lot, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    412
    Exceptional opportunity to acquire a one-acre commercial lot situated on Amelia Island, just outside Fernandina Beach city limits. This strategically located corner parcel boasts high visibility and accessibility, fronting State Road 200/A1A and Midway Road, ensuring convenient ingress and egress. The property benefits from an estimated 31,000 average daily traffic count, as reported by the Florida Department of Transportation. Existing structures on the site are considered to have no value. The property includes a well and a former septic system, though their condition is unknown. Public water and sewer are not currently available

    Property Features for 2610 Midway Rd

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    We can help!

    Listing Contact
    James Caserta
    James Caserta

    Learn more

    Property Insight Report
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fernandina Beach
    County
    Nassau
    State
    Florida
    Longitude
    -81.463639
    Latitude
    30.632092

    Nearby Similar for Sale

    • $1,750,000
      3,745 SF

      Historic Mixed-Use Building in Fernandina Beach

      Renovated 3,745 sq ft historic building in downtown Fernandina Beach.
      22 N 4Th St, Fernandina Beach, FL 32034
      View Details
    • $789,000
      1,310 SF

      Commercial Property Near Amelia Island

      Commercial property near the beach with high visibility and flexible zoning.
      2477 Sadler Rd, Fernandina Beach, FL 32034
      View Details
    • $395,000
      0.11 Acres

      Land Near Fernandina Beach

      R-3 zoned land ideal for short-term rentals near the beach.
      1965 S Fletcher Ave, Fernandina Beach, FL 32034
      View Details
    • $395,000
      0.11 Acres

      Land Near Fernandina Beach

      R-3 zoned land ideal for short-term rentals near the beach.
      1957 S Fletcher Ave, Fernandina Beach, FL 32034
      View Details
    • $395,000
      0.11 Acres

      Land Near Fernandina Beach

      R-3 zoned land ideal for short-term rentals near the beach.
      1961 S Fletcher Ave, Fernandina Beach, FL 32034
      View Details
    • $395,000
      0.11 Acres

      Land Near Fernandina Beach

      R-3 zoned land ideal for short-term rentals near the beach.
      1953 S Fletcher Ave, Fernandina Beach, FL 32034
      View Details
    • $2,499,999

      Oceanfront Condominium in Amelia Island

      Luxury oceanfront condominium with renovated kitchen and stunning ocean views.
      604 Ocean Club Ct, Fernandina Beach, FL 32034
      View Details
    • $365,000
      798 SF

      Remodeled Beachside Condo Opportunity

      Completely remodeled beachside condo, ideal for residence or rental income.
      2774 Forest Ridge Dr, Fernandina Beach, FL 32034
      View Details
    • $1,119,000
      2,084 SF

      Fernandina Beach Townhouse with Rooftop

      Three-bedroom townhouse with rooftop patio and water views.
      217 Beech St, Fernandina Beach, FL 32034
      View Details
    • $898,000
      2,155 SF

      Fernandina Beach Condo with Garage

      Impeccably maintained condo with beach access and community pool.
      95177 Summerwoods Cir, Fernandina Beach, FL 32034
      View Details
    • $250,000
      1,143 SF

      Cozy Condo with Amenities

      Ground floor condo with fresh paint, new AC, and great amenities.
      31010 Paradise Cmns, Fernandina Beach, FL 32034
      View Details
    • $879,000
      1,596 SF

      Ocean View Condo Investment Opportunity

      Turn-key, fully furnished 3/2 condo with ocean views.
      3240 Fletcher Ave, Fernandina Beach, FL 32034
      View Details

    FAQs

    What type of property is this?
    Land - Prime Corner Lot, High Traffic
    Where is this land located?
    The property is located at 2610 Midway Rd Fernandina Beach, FL.
    What is the asking price?
    The asking price for this property is $999,900.
    Request Owner's contact information
    2610 Midway Rd Fernandina Beach, FL 32034
    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.
    2610 Midway Rd
    Fernandina Beach, FL 32034
    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
    2610 Midway Rd Fernandina Beach, FL 32034
    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

    We can help!
    Listing Contact
    James Caserta
    James Caserta
    Real Estate License ID: FL
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.