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Property profile & analytics
OFF-MARKET
Estimated value
$1,470,000
Turn key restaurants
12 2nd St Fernandina Beach, FL 32034-4102
Trust Owned
4-yr Hold
Free & Clear
Property ID
US18-7140045
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1878
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,250 SF
Lot
0.1 ac (4,250 SF)
Zoning code
C-3
APN
00-00-31-1800-0010-0030
UPID
US18-7140045
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
$1.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$949k
Blend (final)
Blend
$1.47M
Owner & transaction history
Jcj Trust LLC · 4 yrs held
Jcj Trust LLC
since 2021
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
C-3 · Fernandina Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,480,000
ML approach
$1,395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,785,000
Current use
COMMERCIAL (GENERAL)
$1,605,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$1.47M
Range $1.32M – $1.62M · ±10% · vs last sale $1.50M (Aug 2 2021)
Last sale anchor
$1.50M
Aug 2 2021
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
$280 / 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
$11,044
Tax year 2023
Assessed value
$688,036
Assessed 2023
Previous assessed
$604,958
+13.7% YoY
Effective rate
1.61%
On assessed value
Assessed land
$255,000
Assessed improvement
$433,036
Land market value
$255,000
Improvement market value
$433,036
Total market value
$688,036
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1878
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
2
Rooms
8
Total area
5,250 SF
Lot
0.1 ac (4,250 SF)
Zoning code
C-3
APN
00-00-31-1800-0010-0030
UPID
US18-7140045
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
RESTAURANT Current
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.6M
RESTAURANT Current
COMMERCIAL (GENERAL)
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
1878
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
8
Lot
0.1 ac
Current owner
From public records · entity-resolved
Jcj Trust LLC
Trust
Free & Clear · 4 yrs held
Mailing address
PO BOX 2266, WAYCROSS, GA 31502-2266
Ownership since
2021
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
Aug 2, 2021
$1,500,000
Jcj Trust LLC
P & T Real Estate Holdings LLC
Warranty Deed
—
Dec 21, 2018
—
P & T Real Estate Holdings LLC
—
Deed
related
$500,000 · Legacy Bk/fl
Jun 14, 2018
—
P & T Real Estate Holdings LLC
P & T Real Estate Holdings LLC
Quit Claim Deed
related
—
Apr 10, 2007
$700,000
P & T Real Estate Holdings LLC
First Coast Community Bank
Grant Deed
—
Jul 28, 2006
$1,000
First Coast Community Bank
J INC Coc
Trustees Deed
related
—
—
—
P & T Real Estate Holdings LLC
—
Deed Of Trust
related
$50,000 · Space Coast Cu
—
—
P & T Real Estate Holdings LLC
—
Deed Of Trust
related
$281,200 · Space Coast Cu
—
—
P & T Real Estate Holdings LLC
—
Deed Of Trust
related
$500,000 · Legacy Bk/fl
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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