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Property profile & analytics
OFF-MARKET
Community centers
5185 Fletcher Ave Fernandina Beach, FL 32034-5306
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US18-7483316
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,006 SF
Lot
0.94 ac (40,750 SF)
Zoning code
CN
APN
12-2N-28-0000-0006-0000
UPID
US18-7483316
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
by Request
Owner & transaction history
Mcj Properties LLC · 8 yrs held
Mcj Properties LLC
since 2017
4 recorded transactions
Zoning & alternative use
CN · Fernandina Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$13,010
Tax year 2023
Assessed value
$804,524
Assessed 2023
Previous assessed
$678,730
+18.5% YoY
Effective rate
1.62%
On assessed value
Assessed improvement
$804,524
Improvement market value
$804,524
Total market value
$804,524
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
24
Total area
6,006 SF
Lot
0.94 ac (40,750 SF)
Zoning code
CN
APN
12-2N-28-0000-0006-0000
UPID
US18-7483316
Jurisdiction
NASSAU
Zoning & alternative use
CN · Fernandina Beach, FL
Zoning CN · permitted uses
CN · 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.
Building & site characteristics
From public records
Year built
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
24
Lot
0.94 ac
Current owner
From public records · entity-resolved
Mcj Properties LLC
Entity
Mailing address
4957 SPANISH OAKS CIR, FERNANDINA BEACH, FL 32034-5679
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2017
—
Mcj Properties LLC
Azar,michel G & Poliana K
Warranty Deed
—
May 12, 1998
$72,500
Michel G Azar
Chappell Schools INC
Grant Deed
—
—
—
Michel G Azar
—
Deed Of Trust
related
$1,080,000 · First National Bank Nassau
—
—
Michel G Azar
—
Deed Of Trust
related
$760,000 · First National Bank Nassau
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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