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Property profile & analytics
OFF-MARKET
Estimated value
$1,030,000
Manufacturing properties
2663 Bailey Rd Fernandina Beach, FL 32034-9117
Entity Owned
20-yr Hold
Free & Clear
Property ID
US18-3488876
Property profile
Verified
Property type
Manufacturing properties
Use group
HEAVY MANUFACTURING
Year built
1988
Construction
STEEL FRAME
Total area
8,720 SF
Lot
3.97 ac (172,932 SF)
Zoning code
CI
APN
00-00-30-044B-0095-0020
UPID
US18-3488876
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
$950k
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$1.03M
Owner & transaction history
North Florida Shipping INC · 20 yrs held
North Florida Shipping INC
since 2005
1 recorded transaction
Zoning & alternative use
CI · Fernandina Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
LDC COMBINED 2026
Top alternative use upside
Commercial (general)
$1.7M
+165.1%
Office building
$1.6M
+152.9%
Restaurant
$1.4M
+112.3%
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%
$1,025,000
6.5%
$950,000
7%
$880,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$635,000
Current use
COMMERCIAL (GENERAL)
$1,685,000
Change: +165% · Conversion: Difficult
OFFICE BUILDING
$1,605,000
Change: +153% · Conversion: Difficult
RESTAURANT
$1,350,000
Change: +112% · Conversion: Difficult
RETAIL STORES
$1,225,000
Change: +93% · Conversion: Moderate
AUTO REPAIR, GARAGE
$950,000
Change: +49% · Conversion: Easy
WAREHOUSE, STORAGE
$805,000
Change: +26% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$780,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$1.03M
Range $927k – $1.13M · ±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
$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
$22,886
Tax year 2023
Assessed value
$1,679,356
Assessed 2023
Previous assessed
$1,126,902
+49.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$1,296,975
Assessed improvement
$382,381
Land market value
$1,296,975
Improvement market value
$382,381
Total market value
$1,679,356
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
Manufacturing properties
Use group
HEAVY MANUFACTURING
Status
Off-Market
Year built
1988
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Rooms
3
Total area
8,720 SF
Lot
3.97 ac (172,932 SF)
Zoning code
CI
APN
00-00-30-044B-0095-0020
UPID
US18-3488876
Jurisdiction
NASSAU
Zoning & alternative use
CI · Fernandina Beach, FLZoning 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
Source
LDC COMBINED 2026
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$635,000
COMMERCIAL (GENERAL)
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.6M
RESTAURANT
Est. value
$1.4M
RETAIL STORES
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$950,000
WAREHOUSE, STORAGE
Est. value
$805,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$780,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1988
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Rooms
3
Lot
3.97 ac
Current owner
From public records · entity-resolved
North Florida Shipping INC
Entity
Free & Clear · 20 yrs held
Mailing address
PO BOX 15520, FERNANDINA BEACH, FL 32035-3109
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2005
—
North Florida Shipping INC
Owner,record
Warranty Deed
—
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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