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    435 W River Rd Palatka, FL 32177

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    Sponsored
    For Sale
    $249,000

    COMMERCIAL - Other - Palatka, FL

    Type:Single Family Residence
    Property size:
    2,213 SF
    Lot size:
    1.45 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 17 at 8:06 pm

    Property Features for 435 W River Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Single Family Residence
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 2, Bathroom 1
    Bedrooms
    2
    Bathrooms
    1
    APN
    160927000000900000
    Parking features
    RV
    Patio and Porch features
    Porch
    Exterior features
    Boat Ramp - Private
    Accessibility
    Accessible Approach with Ramp
    Size
    2,213 SF
    Lot size
    1.45 Acres

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Septic Tank
    Water source
    Private
    Water front features
    Ocean Access, Navigable Water, River Access, River Front
    Water front
    1

    Building Details

    Year built
    1958
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Block
    Architectural style
    Other
    Additional Structures
    Workshop

    We can help!

    Listing Contact
    AUDREA CHARLENE HERRERA

    Public Services Realty (904) 554-8560

    Listing agent AUDREA CHARLENE HERRERA (904) 303-0220

    Listing date Mar 16, 2026

    MLS# 2135212

    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

    Waterfront Commercial Property with Canal Access

    This unique waterfront commercial property in Palatka, FL, offers dual Commercial & Residential zoning with over 70 feet of water frontage on Deek Creek Canal, providing direct access to the St. Johns River and the Ocean. The commercial structure includes a large open warehouse with a one-car or boat bay/garage featuring extra-high ceilings, making it suitable for marine repair, boat storage, or car mechanics. A concrete boat ramp provides direct water access, ideal for any marine or boat-related business. The property also features a 2-bedroom, 1-bathroom unit ready for renovation, offering potential rental income, owner occupancy, or additional office space. The property is close to Hwy 17. The property spans 1.45 acres and includes a 2,213 square foot structure. The flexible zoning and waterfront access create various possibilities for potential business uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Big Box & Wholesale Store Auto Repair Shop Auto Parts Store (Bike/Boat/Book/etc) Store

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

    Similar Places Nearby

    Challenger Power

    Location Insight

    • Map
    • Local Demand
    City
    Palatka
    County
    Putnam
    State
    Florida
    Longitude
    -81.601926
    Latitude
    29.716407

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    FAQs

    What type of property is this?
    Auto shop - Waterfront commercial property with direct access to St. Johns River.
    Where is this auto shop located?
    The property is located at 435 W River Rd Palatka, FL.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: - 70ft+ Waterfront on Deek Creek Canal with Direct Access to St. Johns River and Ocean; - Dual Commercial & Residential Zoning offering flexible usage options; - Large Open Warehouse with High Ceilings suitable for Marine Repair, Boat Storage, Car Mechanics, etc.
    (904) 303-0220
    Request Owner's contact information
    435 W River Rd Palatka, FL 32177
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    Palatka, FL 32177
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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
    435 W River Rd Palatka, FL 32177
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    Listing Contact
    AUDREA CHARLENE HERRERA
    (904) 303-0220
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