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Property profile & analytics
OFF-MARKET
Estimated value
$8,795,000
Warehouses
2641 Bailey Rd, Fernandina Beach, FL 32034-9124
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-6022872
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
91,420 SF
Lot
1.88 ac (82,013 SF)
Zoning code
CI
APN
00-00-30-044B-0095-0040
UPID
US18-6022872
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.99M
Blend (final)
Blend
$8.80M
Owner & transaction history
Amsdell Storage Ventures Xiii LLC · 11 yrs held
Amsdell Storage Ventures Xiii LLC
since 2014
7 recorded transactions
Zoning & alternative use
CI · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.80M
Range $7.92M – $9.67M · ±10%
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
$96 / 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
$82,063
Tax year 2023
Assessed value
$5,803,578
Assessed 2023
Previous assessed
$4,273,050
+35.8% YoY
Effective rate
1.41%
On assessed value
Assessed land
$712,749
Assessed improvement
$5,090,829
Land market value
$712,749
Improvement market value
$5,090,829
Total market value
$5,803,578
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
CENTRAL
Stories
3
Rooms
64
Total area
91,420 SF
Lot
1.88 ac (82,013 SF)
Zoning code
CI
APN
00-00-30-044B-0095-0040
UPID
US18-6022872
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.
Building & site characteristics
From public records
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
3
Rooms
64
Lot
1.88 ac
Current owner
From public records · entity-resolved
Amsdell Storage Ventures Xiii LLC
Entity
Mailing address
20445 EMERALD PKWY STE #220, CLEVELAND, OH 44135-6027
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2017
—
Amsdell Storage Ventures Xiii
—
Deed
related
$5,100,000 · Citi R/e Fndg INC
Dec 17, 2014
$4,600,000
Amsdell Storage Ventures Xiii LLC
Amelia Island Storage LLC
Special Warranty Deed
$5,690,000 · Citigroup Global Markets Realty Cor
Apr 12, 2010
—
Amelia Island Storage LLC
—
Loan Modification
related
$6,457,759 · Bank Of North Ga
Nov 3, 2009
$730,000
Turner Ace Hardware Fernandina
Amelia Island Storage LLC
Grant Deed
—
Mar 22, 2007
$1,875,000
Amelia Island Storage LLC
Barrett Partners LLC
Warranty Deed
$7,200,000 · Bank Of North Georgia
—
—
Amelia Island Storage LLC
—
Loan Modification
related
$6,457,759 · Bank Of North Ga
—
—
Amsdell Storage Ventures Xiii
—
Deed Of Trust
related
$5,100,000 · Citi R/e Fndg INC
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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