Mixed-Use Portfolio with
For Sale
Under Contract
$2,499,000
100 PILOTHOUSE Court, Palatka, FL 32177
Commercial Sale, Palatka, FL
Property Size11,839 SF
Lot Size9.08 Acres
Price / SF$211.08
Days on Market141
Property Features for 100 PILOTHOUSE Court
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
PUD
Parking features
Driveway, Assigned
Lot features
Cul-De-Sac
Directions
Take I-95 S (SR-9) - take exit 311 toward Palatka onto SR-207 S (State Road 207). Turn right onto S US Highway 17 (US-17 N). Turn left onto N Moseley Ave (CR-311). Turn right onto St Johns Ave. Turn left onto S Sr-19 (SR-19). Turn left onto E Pinellas St. Turn right onto Stokes Landing Rd. Turn right onto Pilothouse Ct.
Subdivision
561-Greater Palatka
Standard status
Active Under Contract
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
Changed: Aug 19
Last Checked: Sep 1 at 5:06AM
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 mixed-use portfolio includes seven buildings comprising 11 rentable residential units: three single-family homes, one triplex, and two duplexes. The offering also includes a 5,500-square-foot commercial-grade warehouse with integrated office space. Flooring includes laminate and tile, while central heating, central air, ceiling fans, driveway parking, assigned parking, and septic service are in place. The improvements were built in 2011 and occupy a 9.08-acre property with a pond-front setting.
The residential component combines short-term rental operations with two stabilized long-term leases. The portfolio is positioned directly across from St. Johns Ship Building, and the property’s location in Palatka supports workforce-oriented rental demand. The warehouse provides additional commercial functionality for storage, headquarters, leasing, or other uses subject to applicable zoning and approvals.
The property is located at 100 PILOTHOUSE Court in Palatka, Florida, within Putnam County. Its combination of residential units, operating short-term rentals, leased space, and warehouse improvements creates a diversified mixed-use configuration.
The residential component combines short-term rental operations with two stabilized long-term leases. The portfolio is positioned directly across from St. Johns Ship Building, and the property’s location in Palatka supports workforce-oriented rental demand. The warehouse provides additional commercial functionality for storage, headquarters, leasing, or other uses subject to applicable zoning and approvals.
The property is located at 100 PILOTHOUSE Court in Palatka, Florida, within Putnam County. Its combination of residential units, operating short-term rentals, leased space, and warehouse improvements creates a diversified mixed-use configuration.
Key Highlights
- 7‑building portfolio with 11 rentable residential units
- 5,500 sq ft commercial‑grade warehouse with integrated office space
- 9.08‑acre pond‑front property at 100 PILOTHOUSE Court, Palatka, FL 32177
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$164,913
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,298,260
$3.3M
Cap Rate 7%
$2,355,900
$2.4M
Cap Rate 9%
$1,832,367
$1.8M
Market Conditions
NOI Build-Up for 11,839 SF
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.
Gross rent
$203.2K $17.16/SF
− Vacancy
−$9.1K −$0.77/SF
EGI
$194.0K $16.39/SF
− OpEx
−$29.1K −$2.46/SF
NOI
$164.9K $13.93/SF
Area
Putnam County, FL
Vacancy
4.50%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,298,260
Cap Rate 7%
$2,355,900
Cap Rate 9%
$1,832,367
Alternative Uses
Best Use
Warehouse
$2.36M
$2.06M – $2.75M
NOI $164,913 @ 7.0% cap · market cap 6.60%
Second Best
Industrial
$1.94M
$1.70M – $2.26M
NOI $135,811 @ 7.0% cap · market cap 5.43%
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Explore this area
Business Placement
Demographics for 32177, FL
25,380
Population
11,549
Households
2.2
Avg Household Size
42
Median Age
13%
College-Educated
86%
High-School Grad
226.8 sq mi
ZIP Area
112
Density / Sq Mi
$47,486
Median Household Income
$35,451
Median Earnings
$940
Median Rent
$158,800
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Income-producing residential and commercial assets with short-term rental operations, long-term leases, and flexible warehouse space.
Where is this mixed-use 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: 7‑building portfolio with 11 rentable residential units; 5,500 sq ft commercial‑grade warehouse with integrated office space; 9.08‑acre pond‑front property at 100 PILOTHOUSE Court, Palatka, FL 32177
