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Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Manufacturing properties
3070 8th St Fernandina Beach, FL 32034-8680
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-8588331
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2001
Construction
STEEL FRAME
Total area
12,185 SF
Lot
2.61 ac (113,698 SF)
Zoning code
CI
APN
00-00-30-044B-0096-0030
UPID
US18-8588331
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
$1.20M
CAP Approach
CAP
$1.33M
Comparable Approach
Comparable
$780k
Blend (final)
Blend
$1.20M
Owner & transaction history
Turner Ace Hardware Fernandina LLC · 2 yrs held
Turner Ace Hardware Fernandina LLC
since 2024
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
CI · Fernandina Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
LDC COMBINED 2026
Top alternative use upside
Restaurant
$1.9M
+112.3%
Retail stores
$1.7M
+93.1%
Auto repair, garage
$1.3M
+49.2%
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
$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
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
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±10% · vs last sale $1.20M (Jan 10 2024)
Last sale anchor
$1.20M
Jan 10 2024
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
$98 / 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
$12,180
Tax year 2023
Assessed value
$864,815
Assessed 2023
Previous assessed
$864,815
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$500,940
Assessed improvement
$363,875
Land market value
$500,940
Improvement market value
$363,875
Total market value
$864,815
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
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2001
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Units
1
Rooms
3
Bathrooms
2
Total area
12,185 SF
Lot
2.61 ac (113,698 SF)
Zoning code
CI
APN
00-00-30-044B-0096-0030
UPID
US18-8588331
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
$890,000
RESTAURANT
Est. value
$1.9M
RETAIL STORES
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
INDUSTRIAL (GENERAL) Current
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
2001
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
3
Bathrooms
2
Lot
2.61 ac
Current owner
From public records · entity-resolved
Turner Ace Hardware Fernandina LLC
Entity
Free & Clear · 2 yrs held
Mailing address
960185 GTWY BLVD STE #203, FERNANDINA BEACH, FL 32034-7843
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2025
—
Sba Monarch Towers III LLC
—
Deed
related
$332,300,000 · Deutsche Bank Trust Co Americas
Jan 10, 2024
$1,200,000
Turner Ace Hardware Fernandina LLC
Fletcher Companies INC
Special Warranty Deed
—
Jan 24, 2020
—
Sba Monarch Towers III LLC
—
Loan Modification
related
—
Oct 22, 2015
—
Fletcher Cos INC
Fletcher,j Carter
Quit Claim Deed
—
Feb 13, 2006
—
Kathleen C Bosland
Bosland,kathleen C
Quit Claim 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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