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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Retail space
1885 8th St Fernandina Beach, FL 32034-3072
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-3700907
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,108 SF
Lot
0.43 ac (18,750 SF)
Zoning code
CI
APN
00-00-30-0120-0015-0000
UPID
US18-3700907
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
$560k
CAP Approach
CAP
$365k
Comparable Approach
Comparable
$641k
Blend (final)
Blend
$585k
Owner & transaction history
Genco Florida LLC · 1 yrs held
Genco Florida LLC
since 2025
Last sale
$780,000
7 recorded transactions
Zoning & alternative use
CI · Fernandina Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$645,000
+33.7%
Office building
$495,000
+2.8%
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
$560,000
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
$395,000
6.5%
$365,000
7%
$340,000
Alternative Use
Use
Estimation
RETAIL STORES
$480,000
Current use
COMMERCIAL (GENERAL)
$645,000
Change: +34% · Conversion: Easy
OFFICE BUILDING
$495,000
Change: +3% · Conversion: Easy
WAREHOUSE, STORAGE
$395,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $780k (Jan 23 2025)
Last sale anchor
$780k
Jan 23 2025
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
$278 / 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
$8,738
Tax year 2023
Assessed value
$565,568
Assessed 2023
Previous assessed
$475,969
+18.8% YoY
Effective rate
1.54%
On assessed value
Assessed land
$234,375
Assessed improvement
$331,193
Land market value
$234,375
Improvement market value
$331,193
Total market value
$565,568
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Rooms
2
Total area
2,108 SF
Lot
0.43 ac (18,750 SF)
Zoning code
CI
APN
00-00-30-0120-0015-0000
UPID
US18-3700907
Jurisdiction
NASSAU
Zoning & alternative use
CI · Fernandina Beach, FL
Zoning 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
Fernandina Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$480,000
COMMERCIAL (GENERAL)
Est. value
$645,000
OFFICE BUILDING
Est. value
$495,000
WAREHOUSE, STORAGE
Est. value
$395,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
2
Lot
0.43 ac
Current owner
From public records · entity-resolved
Genco Florida LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1885 S 8TH ST, FERNANDINA BEACH, FL 32034-3072
Ownership since
2025
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
Apr 23, 2025
$780,000
Genco Florida LLC
Skylowe Logistics LLC
Warranty Deed
—
Apr 20, 2021
$560,000
Skylowe Logistics LLC
Hilp Real Estate Investments LLC
Warranty Deed
$540,000 · Alma Exchange Bank & Trust
Mar 18, 2015
—
Hilp Real Estate Investments
Stephens Lea M S
Grant Deed
related
—
Mar 13, 2015
—
Hilp Real Estate Investments
Sorrells Lea M
Grant Deed
related
—
Feb 12, 2015
$300,000
Hilp Real Estate LLC
Stephens Lea M S
Warranty Deed
—
Oct 17, 2007
—
Sorrells Billy J & Lea M Trust
Sorrells,billy J & Lea M
Quit Claim Deed
related
—
Jul 2, 2004
—
Billy J Sorrells
Todd,louis W
Warranty Deed
related
—
Jul 8, 1997
$90,000
Louis W Todd
Chase,ronald P
Grant Deed
$80,000 · Seller
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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