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Property profile & analytics
OFF-MARKET
Estimated value
$980,000
Retail properties & Spaces
924 T J Courson Rd Fernandina Beach, FL 32034-4761
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-6131145
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1996
Construction
STEEL FRAME
Total area
7,929 SF
Lot
0.95 ac (41,273 SF)
Zoning code
CI
APN
00-00-30-037M-0001-0000
UPID
US18-6131145
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
$930k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$715k
Blend (final)
Blend
$980k
Owner & transaction history
Cj Bass Plumbing INC · 4 yrs held
Cj Bass Plumbing INC
since 2022
Last sale
$975,000
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
Commercial (general)
$1.5M
+95.7%
Office building
$1.5M
+86.7%
Restaurant
$1.2M
+56.7%
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
$995,000
ML approach
$930,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$785,000
Current use
COMMERCIAL (GENERAL)
$1,530,000
Change: +96% · Conversion: Difficult
OFFICE BUILDING
$1,460,000
Change: +87% · Conversion: Difficult
RESTAURANT
$1,225,000
Change: +57% · Conversion: Difficult
RETAIL STORES
$1,115,000
Change: +43% · Conversion: Difficult
AUTO REPAIR, GARAGE
$860,000
Change: +10% · Conversion: Difficult
WAREHOUSE, STORAGE
$730,000
Change: -7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$710,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$980k
Range $882k – $1.08M · ±10% · vs last sale $975k (May 6 2022)
Last sale anchor
$975k
May 6 2022
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
$124 / 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
$13,006
Tax year 2023
Assessed value
$804,300
Assessed 2023
Previous assessed
$596,831
+34.8% YoY
Effective rate
1.62%
On assessed value
Assessed land
$288,914
Assessed improvement
$515,386
Land market value
$288,914
Improvement market value
$515,386
Total market value
$804,300
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1996
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
2
Rooms
10
Total area
7,929 SF
Lot
0.95 ac (41,273 SF)
Zoning code
CI
APN
00-00-30-037M-0001-0000
UPID
US18-6131145
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
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$785,000
COMMERCIAL (GENERAL)
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.5M
RESTAURANT
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$860,000
WAREHOUSE, STORAGE
Est. value
$730,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$710,000
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1996
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
2
Rooms
10
Lot
0.95 ac
Current owner
From public records · entity-resolved
Cj Bass Plumbing INC
Entity
Free & Clear · 4 yrs held
Mailing address
924 T J COURSON RD, FERNANDINA BEACH, FL 32034-4761
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
May 6, 2022
$975,000
Cj Bass Plumbing INC
International Drive Services INC
Warranty Deed
—
May 6, 2022
—
Jonene INC
International Drive Services INC
Quit Claim Deed
related
—
Dec 2, 2004
$495,000
International Drive Svcs INC
First Coast Community Bank
Grant Deed
$480,000 · First Coast Community Bank
Nov 15, 2004
$1,000
First Coast Community Bank
Amelia Auto World Coc
Trustees Deed
related
—
Jun 20, 1996
$97,585
Amelia Auto World
Triangle Investment LP
Grant Deed
$340,000 · 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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