Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3070 8th St Fernandina Beach, FL 32034-8680

    • Manufacturing properties
    • 12,185 SF
    • 2.61 lot acres
    OFF-MARKET
    Last Sale
    Jan 10, 2024
    $1,200,000
    Value Estimations
    $1,200,000
    Show details
    Cap Rate Potential
    7.2%
    Manufacturing properties
    Location Intelligence
    Property ID
    US18-8588331
    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.

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 3070 8th St

    Year built
    2001
    Construction
    STEEL FRAME
    Lot size
    2.61 lot acres
    Property size
    12,185 SF
    Zone code
    CI
    Property type
    Manufacturing properties
    APN
    00-00-30-044B-0096-0030
    APU
    000030044B00960030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,200,000
      ML approach
      $1,200,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,435,000
      6.5%
      $1,325,000
      7%
      $1,230,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $779,000
      Market price range: $388k - $1.55M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $890,000
      Current use
      RESTAURANT
      $1,885,000
      Change: +112% Conversion: Difficult
      RETAIL STORES
      $1,715,000
      Change: +93% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,325,000
      Change: +49% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,120,000
      Change: +26% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,090,000
      Change: +23% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fernandina Beach
    County
    Nassau
    State
    Florida
    Longitude
    -81.4686
    Latitude
    30.6307
    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
    $12,180
    $500,940
    $363,875
    $864,815
    -
    $500,940
    $363,875
    $864,815

    Comparable in this City

    • Value Estimation by Request
      840 SF

      6 Gum St

      HEAVY MANUFACTURING • 840 SF
      6 Gum St, Fernandina Beach, FL 32034-4280
      View Details
    • Value Estimation by Request
      2,964 SF

      Gum St

      HEAVY MANUFACTURING • 2,964 SF
      Gum St, Fernandina Beach, FL 32034
      View Details
    • Value Estimation
      $565,000
      4,800 SF

      2385 Jamestown Rd

      MANUFACTURING (LIGHT) • 4,800 SF
      2385 Jamestown Rd, Fernandina Beach, FL 32034-5240
      View Details
    • Value Estimation by Request
      3,600 SF

      811 Cedar St

      CANNERY • 3,600 SF
      811 Cedar St, Fernandina Beach, FL 32034-3675
      View Details
    • Value Estimation by Request
      8,747 SF

      230 8th St

      CANNERY • 8,747 SF
      230 8th St, Fernandina Beach, FL 32034-3606
      View Details
    • Value Estimation by Request
      5,840 SF

      2383 Jamestown Rd

      MANUFACTURING (LIGHT) • 5,840 SF
      2383 Jamestown Rd, Fernandina Beach, FL 32034-5240
      View Details

    Similar Nearby for Sale

    • $4,200,000

      Prime Fernandina Beach Mixed-Use Land

      Five Acres, High-Traffic Location, Investment Opportunity
      474296 State Road 200, Fernandina Beach, FL 32034
      View Details
    • $789,000
      1,310 SF

      Commercial Property Near Amelia Island

      Commercial property near the beach with high visibility and flexible zoning.
      2477 Sadler Rd, Fernandina Beach, FL 32034
      View Details
    • $345,000
      Pending

      Fernandina Beach Residential Lot

      Prime residential lot in desirable coastal setting, Fernandina Beach, Florida.
      95003 Manucy Pointe Dr, Fernandina Beach, FL 32034
      View Details
    • Contact for pricing
      2,084 SF

      Fernandina Beach Townhouse with Rooftop

      Three-bedroom townhouse with rooftop patio and water views.
      217 Beech St, Fernandina Beach, FL 32034
      View Details
    • Contact for pricing
      1,596 SF

      Ocean View Condo Investment Opportunity

      Turn-key, fully furnished 3/2 condo with ocean views.
      3240 Fletcher Ave, Fernandina Beach, FL 32034
      View Details
    • $1,200,000
      Pending

      Vacant Land on Amelia Island

      Vacant lot on the North End of Amelia Island.
      Fletcher Ave N, Fernandina Beach, FL 32034
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      25,600 SF

      Fernandina Beach Retail Space Available

      Retail space for rent in Fernandina Beach, Florida.
      474305 State Road 200, Fernandina Beach, FL 32034
      View Details
    • Contact for pricing
      2,198 SF

      New Retail Space Available

      New construction retail space with ample parking and great visibility.
      2108 Sadler Rd, Fernandina Beach, FL 32034
      View Details
    • Contact for pricing

      Fernandina Beach Retail Anchor Space

      Anchor space available in Amelia Plaza near Amelia Island.
      947 Amelia Plz, Fernandina Beach, FL 32034
      View Details
    • Contact for pricing
      213,656 SF

      Island Walk Retail Space Available

      Fernandina Beach retail space for lease.
      1421 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
      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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3070 8th St
    Fernandina Beach, FL 32034-8680
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!