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

    324 PALM Way Georgetown, FL 32139

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Georgetown, FL

    Lot size:
    0.46 Acres
    Added:
    Feb 19, 2025
    Days on Market:
    432
    Last Refresh:
    Apr 27 at 3:06 pm

    Property Features for 324 PALM Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    081327706104300330
    Lot size
    0.46 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    91

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    LARISSA RICKETTS-OWENS

    Listing agent LARISSA RICKETTS-OWENS License #578289

    Listing office MODERN REALTY OF FLORIDA 326 St. Johns Avenue, INTERLACHEN, FL

    Listing date Feb 19, 2025

    MLS# 2071249 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.

    Overview

    Land Near Lake George

    This 0.46-acre double lot is zoned R-2 and situated in a peaceful neighborhood near Lake George. The property is suitable for weekend camping. Residents have private neighborhood access to a community common ground featuring a pier, boat ramp, picnic pavilion, and RV connections. The Home Owners Association (HOA) fees are $60 per lot per year. According to mapping data, the property is not located in the Basin Management Area, potentially resulting in lower septic system costs. The property offers access to fishing and boating opportunities on Lake George.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    HVAC Service Garden Center Computer & Electronic Repair Tech Support Center Coworking & Hybrid Office

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

    Location Insight

    • Map
    • Local Demand
    City
    Georgetown
    County
    Putnam
    State
    Florida
    Longitude
    -81.597528
    Latitude
    29.385261

    Nearby Similar for Sale

    • $29,900

      Lakefront Lot in Georgetown, Florida

      1.21-acre lakefront lot ready for custom home or manufactured residence.
      172 WHISPERING PINES ROAD, GEORGETOWN, FL 32139
      View Details
    • $29,900

      Lakefront Lot in Georgetown, FL

      1.21-acre cleared lakefront lot ready for custom home.
      172 Whispering Pines Road, Georgetown, FL 32139
      View Details
    • $75,000

      Georgetown Land Investment Opportunity

      Five lots near Lake George, ideal for recreation or development.
      181 Lakeway Drive, Georgetown, FL 32139
      View Details
    • $25,000

      Georgetown, FL Double Lot

      0.59 acre double lot ready for home construction.
      140 HAZEL Avenue, Georgetown, FL 32139
      View Details
    • $17,000

      Buildable Lot Near Lake George

      0.34 acre lot with deeded lake access.
      107 S GEORGETOWN POINT ROAD, GEORGETOWN, FL 32139
      View Details
    • $22,000

      Georgetown Land Near Lake George

      0.54 acre wooded property with lake access.
      233 MARIE Avenue, Georgetown, FL 32139
      View Details
    • $49,900

      Cleared Lot in Georgetown, FL

      Cleared 0.23 acre lot with well and septic.
      124 MARIE Avenue, Georgetown, FL 32139
      View Details
    • $17,000

      Residential Land in Georgetown, Florida

      Three wooded lots totaling 225' road frontage in Georgetown, FL.
      114 MOSSWOOD STREET, GEORGETOWN, FL 32139
      View Details
    • $17,000

      Residential Land in Georgetown, Florida

      Wooded residential land with road frontage in Georgetown, Florida.
      116 MOSSWOOD STREET, GEORGETOWN, FL 32139
      View Details
    • $29,000

      Land Adjoining Lake George WMA

      Two wooded lots with deeded lake access and amenities.
      304 LAKESHORE Drive, Georgetown, FL 32139
      View Details
    • $20,000

      Residential Lots in Georgetown, Florida

      Residential lots near Lake George and St. Johns River.
      103 ROSEWOOD STREET, GEORGETOWN, FL 32139
      View Details
    • $20,000

      Wooded Land Near Lake George

      Two wooded lots with deeded lake access.
      225 MARIE Avenue, Georgetown, FL 32139
      View Details

    FAQs

    What type of property is this?
    Land - Double lot near Lake George with community boat access.
    Where is this land located?
    The property is located at 324 PALM Way Georgetown, FL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Private neighborhood access to Lake George with pier, boat ramp, picnic pavilion, and RV connections.; Low yearly HOA fee of only $60 per lot.; Double lot zoned R‑2 in a peaceful neighborhood.
    (386) 972-3855
    We can help!
    Listing Contact
    LARISSA RICKETTS-OWENS
    Real Estate License ID: 578289
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!