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Property profile & analytics
OFF-MARKET Estimated value $570,000
Community centers

1001 Atlantic Ave Fernandina Beach, FL 32034-3650

3,052 SF 0.25 ac lot Built 1966
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US18-9180673
Property summary
AI-generated overview

This exceptional 1,500 square foot commercial space is ideally situated on Atlantic Avenue in Fernandina Beach, Florida, offering high visibility and easy access. The property, zoned C-3, is a single-tenant building classified as Class B. It boasts a convenient single-story design, eliminating the need for elevators. The interior is in excellent condition and features a well-appointed reception area, perfect for welcoming clients. Five private offices provide ample space for individual work or team collaboration. A comfortable break room/kitchenette offers a convenient space for employees to relax and recharge. Three restrooms ensure sufficient facilities for tenants and visitors. This versatile space is suitable for a variety of office uses, including traditional office, executive office, and medical office settings. The property's location just outside the historic downtown area provides a blend of accessibility and a desirable address. The space is available for lease beginning August 1, 2024. This turnkey solution requires minimal upfront investment, allowing businesses to focus on operations rather than renovations. The property's prime location and functional layout make it an attractive opportunity for businesses seeking a well-maintained and conveniently located office space in Fernandina Beach, Florida, zip code 32034.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1966
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,052 SF
Lot 0.25 ac (10,700 SF)
Zoning code C-3
APN 00-00-31-1800-0052-0010
UPID US18-9180673
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
$580k
CAP Approach CAP
$570k
Comparable Approach Comparable
by Request
Blend (final) Blend
$570k
Owner & transaction history
Natco USA INC · 5 yrs held
Natco USA INC
since 2021
Last sale
$565,000
7 recorded transactions
2021
$565,000
2015
$315,000
2008
$395,000
2007
$330,000
1998
$185,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C-3 · Fernandina Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $590,000 +115.6%
Office building $560,000 +105.7%
Retail stores $430,000 +57.1%
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