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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Specialty properties
1305 Atlantic Ave Fernandina Beach, FL 32034-3247
Entity Owned
15-yr Hold
Free & Clear
Property ID
US18-1040197
Property profile
Verified
Property type
Specialty properties
Use group
CREMATORIUM, MORTUARY
Year built
1900
Construction
WOOD
Total area
8,615 SF
Lot
0.91 ac (39,560 SF)
Zoning code
CPO
APN
00-00-31-1800-0244-0010
UPID
US18-1040197
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
$530k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$530k
Owner & transaction history
Heard Leasing LLC · 15 yrs held
Heard Leasing LLC
since 2010
2 recorded transactions
Zoning & alternative use
CPO · 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
by Request
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$795,000
Change: 0% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$770,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±10%
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
$62 / 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
$22,269
Tax year 2023
Assessed value
$1,474,841
Assessed 2023
Previous assessed
$1,297,494
+13.7% YoY
Effective rate
1.51%
On assessed value
Assessed land
$207,694
Assessed improvement
$1,267,147
Land market value
$207,694
Improvement market value
$1,267,147
Total market value
$1,474,841
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
Specialty properties
Use group
CREMATORIUM, MORTUARY
Status
Off-Market
Year built
1900
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Stories
2
Rooms
11
Bathrooms
1
Total area
8,615 SF
Lot
0.91 ac (39,560 SF)
Zoning code
CPO
APN
00-00-31-1800-0244-0010
UPID
US18-1040197
Jurisdiction
NASSAU
Zoning & alternative use
CPO · Fernandina Beach, FL
Zoning CPO · permitted uses
CPO · 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
WAREHOUSE, STORAGE
Est. value
$795,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$770,000
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1900
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
4
Rooms
11
Bathrooms
1
Lot
0.91 ac
Current owner
From public records · entity-resolved
Heard Leasing LLC
Entity
Free & Clear · 15 yrs held
Mailing address
PO BOX 693, FERNANDINA BEACH, FL 32035-0693
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2010
—
Heard Leasing LLC
Heard,john H
Quit Claim Deed
—
—
—
Robert C Smith
—
Deed Of Trust
related
$175,000 · Jacksonville Postal & Professi
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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