Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    124 School St East Palatka, FL 32131

    Sponsored
    For Sale
    $30,000

    LAND - East Palatka, FL

    Lot size:
    0.34 Acres
    Days on Market:
    9
    Last Refresh:
    Mar 4 at 10:06 am

    Property Features for 124 School St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    051027522009800000
    Lot size
    0.34 Acres

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    Rodneshia Jones
    Rodneshia Jones

    Florida Homes Realty and Mortgage (904) 363-8395

    Listing agent Rodneshia Jones (904) 881-2261

    Listing date Feb 24, 2026

    MLS# 2131690 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Residential Lot in East Palatka

    This 0.34-acre residential lot is located in East Palatka, Florida. Zoned for residential use, the parcel offers over a third of an acre, providing flexibility for future construction or personal use. The property will require clearing, presenting a blank canvas for designing a vision from the ground up. The land has relatively low property taxes and no existing structures to remove. A newly staked survey is needed to confirm the property line. It presents a practical opportunity to secure land now and build when ready. The buyer is responsible for confirming all property details.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Building Supply Hair Salon Auto Repair Shop Big Box & Wholesale Store Pharmacy Auto Parts Store Department Store Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    East Palatka
    County
    Putnam
    State
    Florida
    Longitude
    -81.598567
    Latitude
    29.659943

    Nearby Similar for Sale

    • $569,900
      0.71 Acres

      East Palatka Commercial Opportunity

      Commercial property in high-traffic area with rental units and C-2 zoning.
      211 Hwy 17, East Palatka, FL 32131
      View Details
    • $1,350,000
      490 SF

      Former Gas Station/C-Store Corner Location

      Former gas station/C-store at lighted corner with high visibility.
      167 S Us 17, East Palatka, FL
      View Details
    • $569,900
      2,272 SF

      East Palatka Income Property

      Multifamily property in high-traffic area, potential commercial use.
      211 Hwy S, East Palatka, FL 32131
      View Details
    • $3,900,000

      Iconic Bar and Restaurant Opportunity

      Turnkey bar and restaurant with prime highway frontage.
      337 Hwy S, East Palatka, FL 32131
      View Details
    • $3,900,000

      Iconic Cheyenne Saloon For Sale

      Turnkey bar and restaurant with 6COP license on 1.72 acres.
      337 S Us Highway 17, East Palatka, FL 32131
      View Details
    • $1,350,000
      490 SF

      Prime East Palatka Retail Opportunity

      High-traffic corner lot, 490 sq ft retail space.
      167 Us Highway 17, East Palatka, FL 32131
      View Details
    • $569,900

      East Palatka Mixed-Use Property

      Mixed-use property in high-traffic area with rental units and C-2 zoning.
      211 Us Highway 17, East Palatka, FL 32131
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot available for building or investment in East Palatka.
    Where is this residential land & home lot located?
    The property is located at 124 School St East Palatka, FL.
    What is the asking price?
    The asking price for this property is $30,000.
    What are key features of this property?
    This property features: - Large .34 acre residential lot offers flexibility for building or investment.; - Zoned for residential use.; - Opportunity to design and **build your vision from the ground up**.
    (904) 881-2261
    Request Owner's contact information
    124 School St East Palatka, FL 32131
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    124 School St
    East Palatka, FL 32131
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    124 School St East Palatka, FL 32131
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Rodneshia Jones
    Rodneshia Jones
    (904) 881-2261 (904) 996-9115
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!