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Property profile & analytics
OFF-MARKET
Estimated value
$1,140,000
Hotels
614 Ash St Fernandina Beach, FL 32034-3933
Entity Owned
8-yr Hold
Free & Clear
Property ID
US18-2954818
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1900
Construction
WOOD
Total area
5,204 SF
Lot
0.26 ac (11,300 SF)
Zoning code
C-3
APN
00-00-31-1800-0038-0080
UPID
US18-2954818
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
$1.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.23M
Blend (final)
Blend
$1.14M
Owner & transaction history
First Coast Lodging Concepts LLC · 8 yrs held
First Coast Lodging Concepts LLC
since 2017
5 recorded transactions
Zoning & alternative use
C-3 · Fernandina Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.0M
+31.8%
Office building
$960,000
+25.7%
Restaurant
$805,000
+5.6%
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
by Request
ML approach
$1,055,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$765,000
Current use
COMMERCIAL (GENERAL)
$1,005,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$960,000
Change: +26% · Conversion: Difficult
RESTAURANT
$805,000
Change: +6% · Conversion: Difficult
RETAIL STORES
$730,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$1.14M
Range $1.03M – $1.25M · ±10%
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
$219 / 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
$37,260
Tax year 2023
Assessed value
$2,265,608
Assessed 2023
Previous assessed
$2,687,333
-15.7% YoY
Effective rate
1.64%
On assessed value
Assessed land
$508,500
Assessed improvement
$1,757,108
Land market value
$508,500
Improvement market value
$1,757,108
Total market value
$2,265,608
Applied tax rate
2.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1900
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
2
Bathrooms
15
Total area
5,204 SF
Lot
0.26 ac (11,300 SF)
Zoning code
C-3
APN
00-00-31-1800-0038-0080
UPID
US18-2954818
Jurisdiction
NASSAU
Zoning & alternative use
C-3 · Fernandina Beach, FL
Zoning C-3 · permitted uses
C-3 · 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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$765,000
COMMERCIAL (GENERAL)
Est. value
$1.0M
OFFICE BUILDING
Est. value
$960,000
RESTAURANT
Est. value
$805,000
RETAIL STORES
Est. value
$730,000
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
RETAIL STORES
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
1900
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
3
Bathrooms
15
Lot
0.26 ac
Current owner
From public records · entity-resolved
First Coast Lodging Concepts LLC
Entity
Free & Clear · 8 yrs held
Mailing address
614 ASH ST, FERNANDINA BEACH, FL 32034-3933
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2017
$2,000,000
First Coast Lodging Concepts LLC
The Kalamalka Project LLC
Warranty Deed
—
Dec 31, 2007
$1,354,700
Addison Of Amelia
First Coast Community Bank
Warranty Deed
$1,593,000 · First Coast Community Bank
Oct 17, 2007
$1,411,500
First Coast Community Bank
Addison Hse Of Fernandina Bch INC
Deed In Lieu Of Foreclosure
related
—
Nov 17, 2004
$1,434,000
Addison Hse Of Fernandina Bch
Addison House INC
Warranty Deed
related
$1,665,000 · First Coast Community Bank
Nov 22, 1996
$417,500
Addison House INC
Winston,melodie A & William C
Grant Deed
$1,064,280 · First Coast Community Bank
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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