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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Office buildings
1335 8th St Fernandina Beach, FL 32034-3077
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-5432210
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,736 SF
Lot
0.3 ac (13,000 SF)
Zoning code
CI
APN
00-00-31-1800-0309-0032
UPID
US18-5432210
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
$555k
CAP Approach
CAP
$630k
Comparable Approach
Comparable
$505k
Blend (final)
Blend
$550k
Owner & transaction history
Dogle Enterprises LLC · 3 yrs held
Dogle Enterprises LLC
since 2022
Last sale
$553,500
7 recorded transactions
Zoning & alternative use
CI · Fernandina Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
LDC COMBINED 2026
Top alternative use upside
Commercial (general)
$835,000
+30.1%
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
$535,000
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
$680,000
6.5%
$630,000
7%
$585,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$640,000
Current use
COMMERCIAL (GENERAL)
$835,000
Change: +30% · Conversion: Easy
RETAIL STORES
$625,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $554k (Sep 7 2022)
Last sale anchor
$554k
Sep 7 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
$201 / 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
$6,577
Tax year 2023
Assessed value
$406,709
Assessed 2023
Previous assessed
$334,438
+21.6% YoY
Effective rate
1.62%
On assessed value
Assessed land
$162,500
Assessed improvement
$244,209
Land market value
$162,500
Improvement market value
$244,209
Total market value
$406,709
Applied tax rate
8.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
11
Total area
2,736 SF
Lot
0.3 ac (13,000 SF)
Zoning code
CI
APN
00-00-31-1800-0309-0032
UPID
US18-5432210
Jurisdiction
NASSAU
Zoning & alternative use
CI · Fernandina Beach, FLZoning CI · permitted uses
CI · Fernandina Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
LDC COMBINED 2026
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$640,000
COMMERCIAL (GENERAL)
Est. value
$835,000
RETAIL STORES
Est. value
$625,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
11
Lot
0.3 ac
Current owner
From public records · entity-resolved
Dogle Enterprises LLC
Entity
Mailing address
1555 PHILIPS MNR RD, FERNANDINA BEACH, FL 32034-5339
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2022
$553,500
Dogle Enterprises LLC
Palmetto Holdings LLC
Warranty Deed
$442,800 · First Port City Bank
Apr 22, 2022
$400,000
Palmetto Holdings LLC
Scott Michael Gage
Warranty Deed
$1,616,300 · First Port City Bank
Apr 22, 2022
$220,700
Scott Michael Gage
Carla Susan Gage
Warranty Deed
related
—
Aug 21, 2017
—
Scott M Gage
—
Deed
related
$280,000 · Glenda Smith
Jul 21, 2017
$350,000
Scott M Gage
Smith,glenda
Warranty Deed
$280,000 · Glenda Smith
Aug 31, 2009
—
Glenda Smith
Smith,glenda
Quit Claim Deed
related
—
—
—
Scott M Gage
—
Loan Modification
related
$280,000 · Glenda Smith
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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