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    22 3rd St Fernandina Beach, FL 32034-4207
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    Property profile & analytics

    22 3rd St, Fernandina Beach, FL 32034-4207

    View on Map
    • Hotels
    • 3,060 SF
    • 0.36 lot acres
    Off-Market
    Property ID
    US18-2230488
    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
    $1,055,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hotels

    Property Details for 22 3rd St

    Year built
    1882
    Construction
    WOOD
    Lot size
    0.36 lot acres
    Zone code
    C-3
    Property type
    Hotels
    Property subtype
    Motels
    APN
    00-00-31-1800-0013-0060
    APU
    31180000130060

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 28, 2020 — Florida Hse Inn Of Fernandina Bch — Deed · related $1.1M · First Port Cty Bk
    Mar 2, 2020 — Florida Hse Inn Of Fernandina Bch — Deed · related $228k · Pineland Bk
    Apr 25, 2019 — Florida Hse Inn Of Fernandina — Deed · related $228k · Pineland Bk
    Nov 20, 2017 — Florida Hse Inn Of Fernandina Bch — Trustees Deed · related $204k · Pineland Bk
    Nov 9, 2017 — Florida Hse Inn Of Fernandina Bch — Deed Of Trust · related $204k · Pineland Bk
    Jul 5, 2017 — Florida Hse Inn Of Fernandina Bch — Deed · related $185k · Synovus Bk
    Jun 21, 2010 $750,000 Florida House Inn Of Fernandina Synovus Bk Warranty Deed $525k · First Coast Community Bank
    May 14, 2010 $904,300 First Coast Cmnty Bk Florida House Inn LLC Warranty Deed · related —
    — — Florida Hse Inn Of Fernandina — Loan Modification · related $228k · Pineland Bk
    — — Florida Hse Inn Of Fernandina Bch — Loan Modification · related $228k · Pineland Bk
    — — Florida House Inn — Deed Of Trust · related $75k · Fccb
    — — Florida Hse Inn Of Fernandina Bch — Deed Of Trust · related $185k · Synovus Bk
    — — Florida Hse Inn Of Fernandina Bch — Deed Of Trust · related $1.1M · First Port Cty Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $990,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,121,000
      Market price range: $61.8k - $1.38M

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

    Location Insight

    • Map
    • Local Demand
    City
    Fernandina Beach
    County
    Nassau
    State
    Florida
    Longitude
    -81.4628
    Latitude
    30.6703
    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
    $38,667
    $0.00
    $2,840,327
    $2,840,327
    -
    $0.00
    $2,840,327
    $2,840,327

    Comparable in this City

    • Value Estimation
      $8,950,000
      1,748 SF

      98 Fletcher Ave

      HOTEL/MOTEL
      98 Fletcher Ave, Fernandina Beach, FL 32034-2216
      View Details
    • Value Estimation
      $2,110,000
      8,604 SF

      804 Atlantic Ave

      HOTEL/MOTEL
      804 Atlantic Ave, Fernandina Beach, FL 32034-3629
      View Details
    • Value Estimation
      $5,490,000
      95,044 SF

      19 2nd St

      HOTEL/MOTEL
      19 2nd St, Fernandina Beach, FL 32034-4201
      View Details
    • Value Estimation
      $2,295,000
      48,493 SF

      1997 Fletcher Ave

      HOTEL/MOTEL
      1997 Fletcher Ave, Fernandina Beach, FL 32034-2329
      View Details
    • Value Estimation
      $1,485,000
      3,280 SF

      102 7th St

      HOTEL/MOTEL
      102 7th St, Fernandina Beach, FL 32034-3923
      View Details
    • Value Estimation
      $8,905,000
      32,679 SF

      2801 Atlantic Ave

      HOTEL/MOTEL
      2801 Atlantic Ave, Fernandina Beach, FL 32034-2207
      View Details

    Similar Nearby for Sale

    • $3,450,000
      3,900 SF

      Commercial Land on State Road

      Large commercial land parcel available on State Road 200.
      474379 E State Road 200, Fernandina Beach, FL 32034
      View Details
    • $395,000
      0.11 Acres

      Land Near Fernandina Beach

      R-3 zoned land ideal for short-term rentals near the beach.
      1953 S Fletcher Ave, Fernandina Beach, FL 32034
      View Details
    • $395,000
      0.11 Acres

      Land Near Fernandina Beach

      R-3 zoned land ideal for short-term rentals near the beach.
      1961 S Fletcher Ave, Fernandina Beach, FL 32034
      View Details
    • $395,000
      1.09 Acres

      Amelia Island Acre Homesite

      Cleared acre homesite near beaches, dining, and historic Fernandina.
      Russell Rd, Fernandina Beach, FL 32034
      View Details
    • Contact for pricing

      Unique Live-Work Space with Loft

      Custom-designed live-work space with open loft and high-end finishes.
      960185 Gateway Blvd, Fernandina Beach, FL 32034
      View Details
    • $2,500,000
      2.10 Acres

      Amelia River Waterfront Land Parcel

      2-acre waterfront land with 171 feet on Amelia River.
      1356 Shadow Woods Ln, Fernandina Beach, FL 32034
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      14,143 SF

      New Retail Outparcel Building

      New construction retail space with ample parking available for lease.
      2142-2152 Sadler Rd, Fernandina Beach, FL 32034
      View Details
    • Contact for pricing

      Land for Lease

      Land available for lease on Nassauville Road.
      941300 Old Nassauville Rd, Fernandina Beach, FL 32034
      View Details
    • Contact for pricing

      Retail Suite in Amelia Concourse

      2,437 SF endcap retail suite in Fernandina Beach, Florida.
      95742 Amelia Concourse, Fernandina Beach, FL 32034
      View Details
    • Contact for pricing

      Retail Space in Fernandina Beach

      Retail space available in Fernandina Beach, Florida.
      474305 State Road 200, Fernandina Beach, FL 32034
      View Details
    • Contact for pricing

      Fernandina Beach Retail Space Available

      Retail space in Fernandina Beach near Amelia Island bridge.
      474305 State Road 200, Fernandina Beach, FL 32034
      View Details
    • Contact for pricing
      1,577 SF

      Retail Space in Fernandina Beach

      Retail space available in high-traffic Fernandina Beach shopping center.
      4800 First Coast Hwy, Fernandina Beach, FL 32034
      View Details
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    Fernandina Beach, FL 32034-4207
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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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    22 3rd St, Fernandina Beach, FL, 32034
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