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    1722 S 8Th St Fernandina Beach, FL 32034
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    Property profile & analytics

    1722 S 8Th St Fernandina Beach, FL 32034

    View on Map
    • Community centers
    • 8,732 SF
    • 10.79 lot acres
    For Lease
    $5,520,000
    View Listing →
    Retail Space For Lease For Lease
    $5,520,000

    Retail Space For Lease

    Retail space available for lease in Fernandina Beach, Florida.

    1722 S 8th St, Fernandina Beach, FL 32034
    View Listing
    Property ID
    US18-3192858
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $5,520,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Community centers

    Property Details for 1722 S 8Th St

    Year built
    1987
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    10.79 lot acres
    Property size
    8,732 SF
    Zone code
    C-2
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    00-00-30-0800-0012-0000
    APU
    30080000120000

    Description

    Amelia Plaza, located at 1722 S 8th St, Fernandina Beach, FL 32034, offers a prime retail opportunity in Nassau County. This multi-tenant commercial property boasts a total of 91,627 square feet, with 24,712 square feet currently vacant and available for lease. Units range from a minimum of 1,061 square feet to a maximum contiguous space of 10,876 square feet, providing flexibility for various business needs. The property features convenient access and ample parking with 347 spaces available for tenants and customers. The property's location in Fernandina Beach offers excellent visibility and accessibility, making it an ideal location for businesses seeking a thriving retail environment. This is a fantastic opportunity to establish or expand your business in a desirable coastal Florida community. The property is classified as retail commercial space and is ready for immediate occupancy. Interested parties should inquire about available unit sizes and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,240,000
      ML approach
      $6,050,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fernandina Beach
    County
    Nassau
    State
    Florida
    Longitude
    -81.458
    Latitude
    30.6469
    CBSA code
    27260
    CBSA name
    JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $58,262
    $0.00
    $3,100,302
    $3,100,302
    -
    $0.00
    $3,100,302
    $3,100,302

    Comparable in this City

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      $510,000
      2,915 SF

      1910 14th St

      MINI-MALL • 2,915 SF
      1910 14th St, Fernandina Beach, FL 32034-4429
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    • Value Estimation
      $510,000
      12,465 SF

      474285 State Rd 200

      MINI-MALL • 12,465 SF
      474285 State Rd 200, Fernandina Beach, FL 32034-0804
      View Details
    • Value Estimation
      $595,000
      3,415 SF

      80 Amelia Vlg Cir

      MINI-MALL • 3,415 SF
      80 Amelia Vlg Cir, Fernandina Beach, FL 32034-6537
      View Details
    • Value Estimation
      $2,715,000
      15,494 SF

      1018 14th St

      MINI-MALL • 15,494 SF
      1018 14th St, Fernandina Beach, FL 32034-2919
      View Details
    • Value Estimation
      $540,000
      4,390 SF

      1639 8th St

      MINI-MALL • 4,390 SF
      1639 8th St, Fernandina Beach, FL 32034-3074
      View Details
    • Value Estimation
      $1,040,000
      6,628 SF

      2006 8th St

      MINI-MALL • 6,628 SF
      2006 8th St, Fernandina Beach, FL 32034-4786
      View Details

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    Similar Nearby for Lease

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      View Details
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      2,155 SF

      Retail Space in Fernandina Beach

      Retail space in top-ranked shopping center anchored by Publix.
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      View Details
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      1,577 SF

      Retail Space in Fernandina Beach

      Retail space available in high-traffic Fernandina Beach shopping center.
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      Fernandina Beach Retail Anchor Space

      Anchor space available in Amelia Plaza near Amelia Island.
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      View Details
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      Fernandina Beach Retail Space Available

      Retail space for rent in Fernandina Beach, Florida.
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      View Details
    • Contact for pricing
      900 SF

      New Retail Outparcel Building Available

      New construction retail space with ample parking at Sadler Square.
      2100-2138 Sadler Rd, Fernandina Beach, FL 32034
      View Details
    View Listing
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    Fernandina Beach, FL 32034
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    1722 S 8Th St, Fernandina Beach, FL, 32034
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