Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5381 Fletcher Ave Fernandina Beach, FL 32034-5326
    Back to Search
    Property profile & analytics

    5381 Fletcher Ave, Fernandina Beach, FL 32034-5326

    View on Map
    • Investment properties
    • 3,218 SF
    • 0.85 lot acres
    Off-Market
    Property ID
    US18-4757484
    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 5381 Fletcher Ave

    Year built
    1981
    Construction
    WOOD
    Lot size
    0.85 lot acres
    Zone code
    CN
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    12-2N-28-0000-0006-0020
    APU
    122N28000000060020

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 19, 2002 $400,000 Dbco L C Gecko Hughes,charles A & Janice E Grant Deed —
    Nov 5, 1999 $347,500 Charles A Hughes Rebenack,william T & Joann C Grant Deed —
    Apr 29, 1998 $295,000 William T Rebenack Merlini,joseph C Grant Deed $350k · First Coast Community Bank
    — — Joseph C Merlini — Deed Of Trust · related $66k · First Coast Community Bank

    Description

    This exceptional 3,058 square foot commercial property in Fernandina Beach, Florida, presents a unique investment opportunity. Situated on a desirable 1.09-acre lot in Nassau County, this two-story building offers versatile space ideal for a variety of businesses. The property's zoning (CN) allows for retail, office, and restaurant uses. The building features a ground floor unit with an open layout, a roll-up exterior door, a walk-in refrigerator, and an outdoor patio, perfect for businesses needing high visibility and convenient access. This unit overlooks the high-traffic South Fletcher Avenue. Upstairs, a 921 square foot open-plan space with a restroom provides additional flexibility. The property boasts ample parking and outdoor storage space, a significant advantage for many businesses. Its location is highly convenient, across from Harris Teeter and near the Ritz Carlton, ensuring high foot traffic and visibility. Available space ranges from 921 to 2,137 square feet, making it suitable for a variety of tenants. This property is currently fully occupied, presenting a strong investment opportunity. The building has no elevators.

    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
    -81.4562
    Latitude
    30.5942
    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
    $5,985
    $212,499
    $176,509
    $389,008
    -
    $212,499
    $176,509
    $389,008

    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
    • Contact for pricing

      Unique Live-Work Space with Loft

      Custom-designed live-work space with open loft and high-end finishes.
      960185 Gateway Blvd, Fernandina Beach, FL 32034
      View Details
    • $395,000
      1.09 Acres

      Amelia Island Acre Homesite

      Cleared acre homesite near beaches, dining, and historic Fernandina.
      Russell Rd, 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.
      1961 S Fletcher Ave, 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.
      1953 S Fletcher Ave, Fernandina Beach, FL 32034
      View Details
    • $2,500,000
      2.10 Acres

      Amelia River Waterfront Land Parcel

      2-acre waterfront land with 171 feet on Amelia River.
      1356 Shadow Woods Ln, Fernandina Beach, FL 32034
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      900 SF

      New Retail Outparcel Building Available

      New construction retail space with ample parking at Sadler Square.
      2100-2138 Sadler Rd, Fernandina Beach, FL 32034
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, offering 1,384 square feet.
      1484 Sadler 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
    • 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

      Retail Suite in Amelia Concourse

      2,437 SF endcap retail suite in Fernandina Beach, Florida.
      95742 Amelia Concourse, Fernandina Beach, FL 32034
      View Details
    • Contact for pricing

      Retail Space in Fernandina Beach

      Retail space available in Fernandina Beach, Florida.
      474305 State Road 200, 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.
    5381 Fletcher Ave
    Fernandina Beach, FL 32034-5326
    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
    5381 Fletcher Ave, 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!