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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Turn key restaurants
120 8th St Fernandina Beach, FL 32034-3604
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-3401129
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1934
Construction
WOOD
Total area
2,341 SF
Lot
0.23 ac (10,000 SF)
Zoning code
C-2
APN
00-00-31-1800-0046-0030
UPID
US18-3401129
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
$520k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$777k
Blend (final)
Blend
$645k
Owner & transaction history
Jay Properties Of Amelia LLC · 3 yrs held
Jay Properties Of Amelia LLC
since 2023
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
C-2 · 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
$625,000
ML approach
$520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$795,000
Current use
COMMERCIAL (GENERAL)
$715,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$645k
Range $581k – $710k · ±10% · vs last sale $650k (Jan 13 2023)
Last sale anchor
$650k
Jan 13 2023
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
$276 / 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
$10,589
Tax year 2023
Assessed value
$563,452
Assessed 2023
Previous assessed
$651,202
-13.5% YoY
Effective rate
1.88%
On assessed value
Assessed land
$450,000
Assessed improvement
$113,452
Land market value
$450,000
Improvement market value
$113,452
Total market value
$563,452
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
1934
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
6
Total area
2,341 SF
Lot
0.23 ac (10,000 SF)
Zoning code
C-2
APN
00-00-31-1800-0046-0030
UPID
US18-3401129
Jurisdiction
NASSAU
Zoning & alternative use
C-2 · Fernandina Beach, FL
Zoning C-2 · permitted uses
C-2 · 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
$795,000
COMMERCIAL (GENERAL)
Est. value
$715,000
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
1934
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
6
Lot
0.23 ac
Current owner
From public records · entity-resolved
Jay Properties Of Amelia LLC
Entity
Mailing address
PO BOX 15848, FERNANDINA BEACH, FL 32035-3115
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2023
$650,000
Jay Properties Of Amelia LLC
4teaamelia LLC
Warranty Deed
$275,000 · Primesouth Bank
Jan 14, 2022
$200,000
4teaamelia LLC
Blb Amelia LLC
Warranty Deed
$182,857 · Blb Amelia LLC
Nov 6, 2020
$400,000
Blb Amelia LLC
Sounds & Suds Lab LLC
Warranty Deed
—
May 23, 2018
$350,000
Sounds & Suds Lab LLC
Jellie Roll Ents LLC
Warranty Deed
—
Aug 22, 2011
$110,100
Florida First Cap Finance Corp
Jellie Roll Ents LLC
Grant Deed
related
—
Aug 22, 2011
$110,000
Florida First Cap Finance Corp
Pecan Roll INC
Grant Deed
related
—
Dec 16, 2010
$238,000
Jellie Roll Ents LLC
Culverhouse Gay Trust
Grant Deed
related
$150,000 · 121 Financial Cu
Jul 27, 2007
—
Culverhouse Gay Trust
Culverhouse,gay
Quit Claim Deed
related
—
Aug 25, 2006
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Jul 18, 2006
$350,000
Gay Culverhouse
Smiddy,elizabeth
Warranty Deed
—
Mar 7, 2001
$150,000
Willys Weiners
Ivy,joseph R
Grant Deed
$210,000 · First National Bank Nassau
—
—
Starling W White
—
Deed Of Trust
related
$54,000 · USA
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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