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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Turn key restaurants
20 2nd St Fernandina Beach, FL 32034-4202
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-1391787
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1900
Construction
WOOD
Total area
1,279 SF
Lot
0.13 ac (5,500 SF)
Zoning code
C-3
APN
00-00-31-1800-0269-0070
UPID
US18-1391787
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
$545k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$575k
Blend (final)
Blend
$580k
Owner & transaction history
Four From Centre LLC · 3 yrs held
Four From Centre LLC
since 2023
Last sale
$600,000
7 recorded transactions
Zoning & alternative use
C-3 · 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
$580,000
ML approach
$545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$435,000
Current use
COMMERCIAL (GENERAL)
$390,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $600k (Jun 16 2023)
Last sale anchor
$600k
Jun 16 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
$453 / 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
$6,207
Tax year 2023
Assessed value
$416,980
Assessed 2023
Previous assessed
$427,389
-2.4% YoY
Effective rate
1.49%
On assessed value
Assessed land
$330,000
Assessed improvement
$86,980
Land market value
$330,000
Improvement market value
$86,980
Total market value
$416,980
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
1900
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
3
Bathrooms
1
Total area
1,279 SF
Lot
0.13 ac (5,500 SF)
Zoning code
C-3
APN
00-00-31-1800-0269-0070
UPID
US18-1391787
Jurisdiction
NASSAU
Zoning & alternative use
C-3 · Fernandina Beach, FL
Zoning C-3 · permitted uses
C-3 · 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
$435,000
COMMERCIAL (GENERAL)
Est. value
$390,000
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
1900
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
3
Bathrooms
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Four From Centre LLC
Entity
Mailing address
608 OCEAN CLB CT, FERNANDINA BEACH, FL 32034-6564
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2023
—
Four From Centre LLC
—
Deed
related
$818,902 · Fnb South
Jun 16, 2023
$600,000
Four From Centre LLC
Katherine C Ewing
Deed
$350,000 · Katherine C Ewing Living Trust
Feb 6, 2019
—
Ewing,katherine C Living Trust
—
Deed
related
—
Jan 2, 2018
—
Katherine C Ewing
—
Deed
related
$140,000 · Cbc National Bank
Jan 9, 2017
—
Le Clos Of Amelia Island INC
—
Deed
related
$70,000 · Cbc National Bank
Dec 31, 2001
—
Ewing Trust
Le Clos Of Amelia Island INC
Grant Deed
related
—
Jul 5, 2001
$290,000
Le Clos Amelia Island INC
Erdman,mark P
Grant Deed
$260,000 · First National Bank Nassau
—
—
Mark P Erdman
—
Deed Of Trust
related
$516 · Bank Of America
—
—
Ewing,katherine C Living Trust
—
Loan Modification
related
—
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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