Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    505 9th St Fernandina Beach, FL 32034-3624
    Back to Search
    Property profile & analytics

    505 9th St, Fernandina Beach, FL 32034-3624

    View on Map
    • Investment properties
    • 4,095 SF
    • 0.11 lot acres
    Off-Market
    Last Sale Apr 12, 2022
    $425,000
    Property ID
    US19-0375535
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 505 9th St

    Year built
    1946
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.11 lot acres
    Zone code
    MU-8
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    00-00-31-1800-0142-0082
    APU
    31180001420082

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 12, 2022 $425,000 Alin E Bulugean Janet A Carver Pa Warranty Deed $255k · Primesouth Bank
    Aug 19, 2019 $251,400 Janet A Carver Pa Dillon,christine Warranty Deed $200k · Community First Cu/fl
    Jun 19, 2007 $125,000 Christine Dillon Jones,lawrence Warranty Deed —
    Feb 8, 2006 $60,000 Lawrence Jones Mcgahee,katherine E Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fernandina Beach
    County
    Nassau
    State
    Florida
    Longitude
    -81.4592
    Latitude
    30.6641
    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
    $7,022
    $150,000
    $223,651
    $373,651
    -
    $150,000
    $223,651
    $373,651

    Comparable in this City

    • Value Estimation by Request
      1,661 SF

      2106 Jekyll Ct

      STORE/OFFICE (MIXED USE)
      2106 Jekyll Ct, Fernandina Beach, FL 32034-4403
      View Details
    • Value Estimation by Request
      1,556 SF

      1600 14th St

      STORE/OFFICE (MIXED USE)
      1600 14th St, Fernandina Beach, FL 32034-5126
      View Details
    • Value Estimation
      $1,885,000
      10,532 SF

      329 8th St

      STORE/OFFICE (MIXED USE)
      329 8th St, Fernandina Beach, FL 32034-3607
      View Details
    • Value Estimation
      $1,440,000
      8,150 SF

      217 Ctr St

      STORE/OFFICE (MIXED USE)
      217 Ctr St, Fernandina Beach, FL 32034-4285
      View Details
    • Value Estimation
      $1,100,000
      5,912 SF

      1027 8th St

      STORE/OFFICE (MIXED USE)
      1027 8th St, Fernandina Beach, FL 32034-3708
      View Details
    • Value Estimation by Request
      269 SF

      1546 Julia St

      STORE/OFFICE (MIXED USE)
      1546 Julia St, Fernandina Beach, FL 32034
      View Details

    Similar Nearby for Sale

    • $299,000
      0.12 Acres

      Fernandina Beach Mixed-Use Parcel

      Highly visible mixed-use parcel near historic downtown Fernandina Beach.
      8Th St, Fernandina Beach, FL 32034
      View Details
    • $2,200,000
      18,088 SF

      Downtown Fernandina Beach Retail

      Historic building, high redevelopment potential.
      115 2Nd St, Fernandina Beach, FL 32034
      View Details
    • Contact for pricing

      Commercial Land Ready to Build

      2.1 acre commercial land for sale in Yulee, Florida.
      463510 State Road 200, Yulee, FL 32034
      View Details
    • $2,799,000

      Fernandina Beach Self-Storage Opportunity

      24,000 SF self-storage facility with value-add potential.
      1431 Lewis St, Fernandina Beach, FL 32034
      View Details
    • $235,000
      Pending

      Corner Lot in Fernandina Beach

      Corner lot near the beach and downtown Fernandina Beach.
      830 S 10Th St, Fernandina Beach, FL 32034
      View Details
    • $395,000
      0.11 Acres

      Land Near Fernandina Beach

      R-3 zoned land ideal for short-term rentals near the beach.
      1957 S Fletcher Ave, Fernandina Beach, FL 32034
      View Details

    Similar Nearby for Lease

    • $29 SF/Yr
      15,000 SF

      Prime Fernandina Beach Office Space

      Executive & Medical Suites Available
      1865 Lime St, Fernandina Beach, FL 32034
      View Details
    • Contact for pricing

      Retail Space on Amelia Island

      Retail space for lease on Amelia Island's busiest corner.
      853 Sadler Rd, Fernandina Beach, FL 32034
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Fernandina Beach, Florida.
      1722 S 8Th St, Fernandina Beach, FL 32034
      View Details
    • $900 /Mo
      100 SF

      Fernandina Beach Office Space Available

      Professional office space for rent in Fernandina Beach, Florida.
      22391 Flora Parke Blvd, Fernandina Beach, FL 32034
      View Details
    • Contact for pricing
      4,200 SF

      Fernandina Beach Car Wash Opportunity

      Car wash or automotive property for rent in Fernandina Beach.
      474301-474323 E State Road 200, 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.
    505 9th St
    Fernandina Beach, FL 32034-3624
    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

    Thank You for Inquiry
    505 9th St, Fernandina Beach, FL, 32034
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!