Mixed-Use STR Portfolio with
100 PILOTHOUSE Court Palatka, FL 32177
100 PILOTHOUSE Court, Palatka, FL, 32177
$2,499,000
For Sale
$2,499,000
COMMERCIAL - Palatka, FL
Property Size11,839 SF
Lot Size9.08 Acres
Price / SF$211.08
Days on Market100
Property Features for 100 PILOTHOUSE Court
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Driveway, Assigned
- Standard status
- Active
- APN
- 041126000000100000
- Size
- 11,839 SF
- Lot size
- 9.08 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 27366
Utilities
- Sewer type
- Septic Tank
- Heating system
- Central
- Cooling system
- Ceiling Fan(s), Central Air
Building Details
- Year built
- 2011
- Floors in Building
- 1
- Number of units
- 7
- Flooring type
- Laminate, Tile
Listing agency
ENDLESS SUMMER REALTY
(904) 461-8878
Listed by
KURT BOGART
(904) 947-0040
Added: Apr 14 Updated: Jul 7 at 1:43PM Checked: Jul 22 at 6:06PM
MLS# 2139917
Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering presents a turn-key, multi-income portfolio with seven buildings and 11 total rentable residential units, combined with a 5,500-square-foot commercial-grade warehouse featuring integrated office space. The residential mix consists of three single-family homes, one triplex, and two duplexes. The property also includes two stabilized long-term leases generating $5,000 per month, or $60,000 annually. Per the provided financials, the blended NOI is approximately $187,000 and the portfolio is described as delivering an estimated ~7.5% cap rate.
The asset is positioned directly across from St. Johns Ship Building and is described as set on a private, pond-front setting. The remarks also note historical STR performance of approximately $135,000 NOI, with 2026 bookings already exceeding $80,000. Occupancy is described in the 55%–65% range, with potential for additional improvement through rate optimization and expanded marketing.
The warehouse component broadens operational fit for an owner-operator or tenant looking for both storage and workspace under one roof, including options referenced in the remarks such as an owner headquarters, equipment or fleet storage, an income-producing commercial lease, or conversion to a medical or wellness use subject to zoning and approvals. Combined with residential income, the structure supports flexible use planning and an income base tied to both short-term rentals and long-term leases.
The asset is positioned directly across from St. Johns Ship Building and is described as set on a private, pond-front setting. The remarks also note historical STR performance of approximately $135,000 NOI, with 2026 bookings already exceeding $80,000. Occupancy is described in the 55%–65% range, with potential for additional improvement through rate optimization and expanded marketing.
The warehouse component broadens operational fit for an owner-operator or tenant looking for both storage and workspace under one roof, including options referenced in the remarks such as an owner headquarters, equipment or fleet storage, an income-producing commercial lease, or conversion to a medical or wellness use subject to zoning and approvals. Combined with residential income, the structure supports flexible use planning and an income base tied to both short-term rentals and long-term leases.
Key Highlights
- Turn‑key, income‑producing portfolio with 7 buildings and 11 units, offering a blend of short‑term and long‑term rental income.
- Approximately 7.5% cap rate and $187K net operating income (NOI).
- Includes a 5,500 sq ft commercial warehouse with office space, offering multiple high‑value uses and repositioning potential.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $203.2k | $17.16 |
| − Vacancy | −$9.1k | −$0.77 |
| EGI | $194.0k | $16.39 |
| − OpEx | −$29.1k | −$2.46 |
| NOI | $164.9k | $13.93 |
11,839 SF · lease $17.16/SF/yr · vacancy 4.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.36M
$2.06M – $2.75M
NOI $164,913 @ 7.0% cap · market cap 6.60%
Second Best
Office B
$2.20M
$1.93M – $2.57M
NOI $154,041 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$3.08M
$2.70M – $3.60M
NOI $215,824 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Seven-building 11-unit STR and long-term income portfolio plus 5,500 SF warehouse with integrated office in Palatka.
Where is this multifamily property located?
The property is located at 100 PILOTHOUSE Court Palatka, FL.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: Turn‑key, income‑producing portfolio with 7 buildings and 11 units, offering a blend of short‑term and long‑term rental income.; Approximately 7.5% cap rate and $187K net operating income (NOI).; Includes a **5,500 sq ft commercial warehouse with office space**, offering multiple high‑value uses and repositioning potential.
