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Property profile & analytics
OFF-MARKET
Estimated value
$8,905,000
Hotels
2801 Atlantic Ave Fernandina Beach, FL 32034-2207
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-1966367
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
32,679 SF
Lot
0.85 ac (37,077 SF)
Zoning code
C-1
APN
00-00-31-1100-000D-0010
UPID
US18-1966367
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
by Request
Blend (final)
Blend
$8.91M
Owner & transaction history
Kjb Capital Holding LLC · 3 yrs held
Kjb Capital Holding LLC
since 2022
Last sale
$9.4M
6 recorded transactions
Zoning & alternative use
C-1 · Fernandina Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.3M
+31.8%
Office building
$6.0M
+25.7%
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
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,310,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$6,020,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$8.91M
Range $8.01M – $9.80M · ±10% · vs last sale $9.36M (Oct 18 2022)
Last sale anchor
$9.36M
Oct 18 2022
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
$272 / 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
$145,348
Tax year 2023
Assessed value
$7,734,424
Assessed 2023
Previous assessed
$4,235,213
+82.6% YoY
Effective rate
1.88%
On assessed value
Assessed land
$1,314,852
Assessed improvement
$6,419,572
Land market value
$1,314,852
Improvement market value
$6,419,572
Total market value
$7,734,424
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Units
50
Rooms
59
Total area
32,679 SF
Lot
0.85 ac (37,077 SF)
Zoning code
C-1
APN
00-00-31-1100-000D-0010
UPID
US18-1966367
Jurisdiction
NASSAU
Zoning & alternative use
C-1 · Fernandina Beach, FL
Zoning C-1 · permitted uses
C-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
COMMERCIAL (GENERAL)
Est. value
$6.3M
OFFICE BUILDING
Est. value
$6.0M
COMMERCIAL (GENERAL)
OFFICE 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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
50
Rooms
59
Lot
0.85 ac
Current owner
From public records · entity-resolved
Kjb Capital Holding LLC
Entity
Free & Clear · 3 yrs held
Mailing address
113 BAY BRG DR, GULF BREEZE, FL 32561-4470
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2022
—
Kjb Capital Holding LLC
2801 Atlantic Hospitality LLC
Re-recorded Document
related
—
Oct 18, 2022
$9,358,000
2801 Atlantic Hospitality LLC
Kjb Capital Holding LLC
Special Warranty Deed
—
Oct 18, 2022
—
Kjb Capital Holding LLC
Trishul Amelia Island LLC
Special Warranty Deed
—
Feb 22, 2022
—
Trishul Amelia Island LLC
—
Deed
related
$1,500,000 · United States Small Business Admin
Apr 6, 2010
$1,950,000
Trishul Amelia Island LLC
Gulab INC
Grant Deed
$1,345,500 · First Coast Community Bank
Sep 4, 1996
$637,000
Ocean View Inn
One South Associates
Grant Deed
$594,000 · First Coast Community Bank
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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