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Property profile & analytics
OFF-MARKET
Estimated value
$1,505,000
Community centers
1008 Atlantic Ave Fernandina Beach, FL 32034-3633
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4346539
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,488 SF
Lot
0.29 ac (12,500 SF)
Zoning code
C-3
APN
00-00-31-1800-0053-0080
UPID
US18-4346539
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
$1.34M
CAP Approach
CAP
$1.58M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.51M
Owner & transaction history
342 West Main Street LLC · 4 yrs held
342 West Main Street LLC
since 2022
Last sale
$1.5M
3 recorded transactions
Zoning & alternative use
C-3 · Fernandina Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.6M
+115.6%
Office building
$1.6M
+105.7%
Restaurant
$1.3M
+72.7%
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 Fernandina Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fernandina 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
$1,435,000
ML approach
$1,335,000
CAP Approach
CAP Return
Estimation
6%
$1,715,000
6.5%
$1,580,000
7%
$1,470,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,640,000
Change: +116% · Conversion: Easy
OFFICE BUILDING
$1,565,000
Change: +106% · Conversion: Moderate
RESTAURANT
$1,315,000
Change: +73% · Conversion: Difficult
RETAIL STORES
$1,195,000
Change: +57% · Conversion: Easy
AUTO REPAIR, GARAGE
$925,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$1.51M
Range $1.35M – $1.66M · ±10% · vs last sale $1.50M (Apr 21 2022)
Last sale anchor
$1.50M
Apr 21 2022
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
$177 / 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
$24,659
Tax year 2023
Assessed value
$1,312,179
Assessed 2023
Previous assessed
$631,058
+107.9% YoY
Effective rate
1.88%
On assessed value
Assessed land
$262,436
Assessed improvement
$1,049,743
Land market value
$262,436
Improvement market value
$1,049,743
Total market value
$1,312,179
Applied tax rate
2.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
16
Total area
8,488 SF
Lot
0.29 ac (12,500 SF)
Zoning code
C-3
APN
00-00-31-1800-0053-0080
UPID
US18-4346539
Jurisdiction
NASSAU
Zoning & alternative use
C-3 · Fernandina Beach, FL
Zoning C-3 · permitted uses
C-3 · Fernandina Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fernandina Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.6M
RESTAURANT
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$925,000
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
16
Lot
0.29 ac
Current owner
From public records · entity-resolved
342 West Main Street LLC
Entity
Mailing address
1395 WHITEPATH RD, ELLIJAY, GA 30540-2512
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2022
$1,500,000
342 West Main Street LLC
Atlanticave
Warranty Deed
—
Feb 6, 2004
$450,000
Atlanticave LLC
Trevett Construction Group INC
Warranty Deed
$607,500 · First Coast Community Bank
Aug 13, 1998
$245,000
Trevett Construction Group INC
Bond,joan B
Grant Deed
$262,500 · Compass Bank
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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