Mixed-Use Income Property with
100 PILOTHOUSE Court, Palatka, FL 32177
COMMERCIAL - Palatka, FL
Property size:
11,839 SFLot size:
9.08 AcresPrice / SF:
$211/SF- Added:
- Apr 14, 2026
- Days on Market:
- 50
- Last Refresh:
- Jun 2 at 8:06 pm
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
- Central Air, Ceiling Fan(s)
Building Details
- Year built
- 2011
- Floors in Building
- 1
- Number of units
- 7
- Flooring type
- Laminate, Tile
Listing agent KURT BOGART (904) 947-0040
Listing office ENDLESS SUMMER REALTY 521 A1A BEACH BLVD, St Augustine, FL (904) 461-8878
Listing date Apr 14, 2026
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.
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.
- Strong short‑term rental (STR) performance with ~$135K NOI historically and $80K+ in bookings already secured for 2026.
- Located across from St. Johns Ship Building, providing a reliable workforce‑driven rental base and consistent occupancy.
- Pond‑front setting offering a peaceful environment that enhances guest appeal.
Overview
This is a fully operational, income-producing portfolio in Palatka, FL, featuring 7 buildings with 11 units and a 5,500 square foot commercial-grade warehouse. The property is positioned across from St. Johns Ship Building. The residential portfolio includes 3 single-family homes, 1 triplex, and 2 duplexes, totaling 11 rentable units. These units generate approximately 3,650 rentable nights annually. The property also includes two stabilized long-term leases generating $5,000 per month ($60,000 annually). The short-term rental operations have historically produced approximately $135,000 net operating income, with 2026 bookings already exceeding $80,000. The property benefits from a workforce-driven rental base, supporting 55-65% occupancy. The 9.08-acre pond-front setting enhances guest appeal. The commercial warehouse includes integrated office space, opening the door to multiple uses, including owner/operator headquarters, equipment or fleet storage, income-producing commercial lease, medical, wellness, or therapy facility conversion, or assisted living/elder care concept, subject to zoning/approvals. Putnam County continues to gain momentum as buyers and businesses expand outward from Jacksonville and St. Augustine.
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 Profile
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- Palatka
- County
- Putnam
- State
- Florida
- Longitude
- -81.703095
- Latitude
- 29.5740822
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Income-producing portfolio with warehouse and mixed-use potential in Palatka, FL.
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.
