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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Manufacturing properties
2385 Jamestown Rd Fernandina Beach, FL 32034-5240
Entity Owned
6-yr Hold
Free & Clear
Property ID
US19-0374525
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1986
Construction
STEEL FRAME
Total area
4,800 SF
Lot
0.34 ac (15,000 SF)
Zoning code
I-1
APN
00-00-31-1017-0029-0000
UPID
US19-0374525
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
$720k
CAP Approach
CAP
$520k
Comparable Approach
Comparable
$413k
Blend (final)
Blend
$565k
Owner & transaction history
2385 Jamestown Road LLC · 6 yrs held
2385 Jamestown Road LLC
since 2020
Last sale
$587,500
3 recorded transactions
Zoning & alternative use
I-1 · Fernandina Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$925,000
+165.1%
Office building
$885,000
+152.9%
Retail stores
$675,000
+93.1%
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
by Request
ML approach
$720,000
CAP Approach
CAP Return
Estimation
6%
$565,000
6.5%
$520,000
7%
$485,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$350,000
Current use
COMMERCIAL (GENERAL)
$925,000
Change: +165% · Conversion: Difficult
OFFICE BUILDING
$885,000
Change: +153% · Conversion: Difficult
RETAIL STORES
$675,000
Change: +93% · Conversion: Moderate
AUTO REPAIR, GARAGE
$520,000
Change: +49% · Conversion: Easy
WAREHOUSE, STORAGE
$440,000
Change: +26% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$430,000
Change: +23% · Conversion: Difficult
MEDICAL BUILDING
$375,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$565k
Range $509k – $622k · ±10% · vs last sale $588k (Feb 13 2020)
Last sale anchor
$588k
Feb 13 2020
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
$118 / 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
$8,177
Tax year 2023
Assessed value
$457,636
Assessed 2023
Previous assessed
$384,821
+18.9% YoY
Effective rate
1.79%
On assessed value
Assessed land
$225,000
Assessed improvement
$232,636
Land market value
$225,000
Improvement market value
$232,636
Total market value
$457,636
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1986
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Rooms
6
Total area
4,800 SF
Lot
0.34 ac (15,000 SF)
Zoning code
I-1
APN
00-00-31-1017-0029-0000
UPID
US19-0374525
Jurisdiction
NASSAU
Zoning & alternative use
I-1 · Fernandina Beach, FL
Zoning I-1 · permitted uses
I-1 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$350,000
COMMERCIAL (GENERAL)
Est. value
$925,000
OFFICE BUILDING
Est. value
$885,000
RETAIL STORES
Est. value
$675,000
AUTO REPAIR, GARAGE
Est. value
$520,000
WAREHOUSE, STORAGE
Est. value
$440,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$430,000
MEDICAL BUILDING
Est. value
$375,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1986
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Rooms
6
Lot
0.34 ac
Current owner
From public records · entity-resolved
2385 Jamestown Road LLC
Entity
Free & Clear · 6 yrs held
Mailing address
2380 JAMESTOWN RD, FERNANDINA BEACH, FL 32034-5239
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2020
$587,500
2385 Jamestown Road LLC
Nassau Equipment INC
Grant Deed
—
Aug 29, 2007
$742,000
Nassau Equipment INC
Crump,parnell J JR
Warranty Deed
$650,000 · First National Bank Nassau
—
—
Nassau Equipment INC
—
Deed Of Trust
related
$455,000 · Bank Of America
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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