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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    97320 Cookville Rd Yulee, FL 32097

    • Commercial real estate
    • 39.93 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-9262069
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 97320 Cookville Rd

    Lot size
    39.93 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 39.93-acre land parcel presents a remarkable residential development opportunity in Yulee, Florida, situated in the desirable Nassau County. Located at 97320 Cookville Rd, Yulee, FL 32097, this single-owner property boasts RS zoning, currently permitting half-acre lots, with potential for smaller lots pending water tie-in approvals to neighboring properties. The site features approximately 30 acres of high and dry, developable land, ideal for creating a variety of residential projects, from custom homes on larger lots to higher-density developments. Existing infrastructure includes a man-made retention pond, simplifying drainage and offering potential for waterfront homes. The property also benefits from 1,000 feet of creek/water frontage and 600 feet of road frontage. This location offers easy access to Fernandina Beach (approximately 6.4 miles away), known for its charming small-town atmosphere and proximity to the Amelia River and beaches. The area is experiencing significant population growth, exceeding state averages, with projections indicating continued expansion. Nearby developments, such as the Wildlight Community (9.3 miles west), showcase the region's robust growth and demand for new housing. The area also benefits from a highly-rated ("A") Nassau County school system, further enhancing its appeal to families. This property represents a compelling investment opportunity in a thriving Florida market, with potential for substantial returns. Seller financing may be available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Yulee
    County
    Nassau
    State
    Florida
    Longitude
    -81.5289786
    Latitude
    30.6672737

    Comparable in this City

    • $4,800,000
      19.00 Acres

      Yulee Waterfront Residential Land

      19 Acres, Deep Water Frontage, Price Reduced
      96249 Lang Rd, Yulee, FL 32097
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    • $7,000,000
      24.81 Acres

      Prime Multifamily Development Site

      24.81 acres for multifamily development with 275+ units.
      96067 Chester Rd, Yulee, FL 32097
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    • $6,000,000
      11.26 Acres

      A1A Commercial Land Investment

      Prime 11.26-acre Yulee development site.
      0 State Road 200, Yulee, FL 32097
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    • $190,000
      Pending

      Waterfront Land on Lofton Creek

      2.08 acres on Lofton Creek leading to Nassau Sound.
      Peeples Rd, Yulee, FL 32097
      View Details
    • Contact for pricing

      U.S. Highway 17 Development Opportunity

      Commercial and residential zoned property on U.S. Hwy 17.
      Us Highway 17, Yulee, FL 32097
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    • $1,100,000

      Deep Water Access Land

      Over two acres with deep water access.
      96466 Blackrock Rd, Yulee, FL 32097
      View Details

    Similar Nearby for Sale

    • $4,800,000
      19.00 Acres

      Yulee Waterfront Residential Land

      19 Acres, Deep Water Frontage, Price Reduced
      96249 Lang Rd, Yulee, FL 32097
      View Details
    • $7,000,000
      24.81 Acres

      Prime Multifamily Development Site

      24.81 acres for multifamily development with 275+ units.
      96067 Chester Rd, Yulee, FL 32097
      View Details
    • $135,000
      0.25 Acres

      Waterfront Homesite in Yulee, Florida

      Homesite in waterfront community with deepwater access and Southern charm.
      29155 Grandview Mnr, Yulee, FL 32097
      View Details
    • Contact for pricing

      Land For Sale

      Land available for purchase.
      Johnson Lk Dr, Yulee, FL 32097
      View Details
    • $165,000

      Vacant Lot with Mature Trees

      One-acre vacant lot with utilities near schools and amenities.
      85657 Lana Rd, Yulee, FL 32097
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    • $163,500

      Yulee Wooded Land Parcel

      3.81-acre wooded parcel with 1.75 acres buildable in Yulee.
      Water Oaks Rd, Yulee, FL 32097
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    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Retail Space on State Road

      Retail space with high visibility and traffic on State Road.
      463893-463935 State Road 200, Yulee, FL 32097
      View Details
    • Contact for pricing
      33,707 SF

      Winn Dixie Anchored Center

      Shopping center in Yulee, Florida, near Amelia Island.
      96016 Lofton Square Ct, Yulee, FL 32097
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    • $22 SF/Yr
      5,226 SF

      Retail Space on State Road

      Retail space available for lease with 5226 square feet.
      463711 State Road 200, Yulee, FL 32097
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    • Contact for pricing
      219,089 SF

      Yulee Retail Space: Prime Location

      High-traffic storefront, 1,500 sq ft available.
      463855 State Road 200, Yulee, FL 32097
      View Details
    • $25 SF/Yr
      11,101 SF

      463721 Fl-200

      Retail properties • 11,101 SF
      463721 Fl-200, Yulee, FL 32097
      View Details
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    97320 Cookville Rd
    Yulee, FL 32097
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    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
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