106 E WARREN Ave, East Palatka, FL 32131

Building Details

Building Size 13,576 SF More

Year Built 1986 More

Units 13 More

Listed By: ANDREW REED MATHEWS

Source: Elliman

Added: Sep 26 Changed: Nov 10 Last Checked: Nov 10 at 9:06AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ANDREW REED MATHEWS

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Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$102,275

Cap Rate

7.05%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,045,500 $2.0M

Cap Rate 7%

$1,461,071 $1.5M

Cap Rate 9%

$1,136,389 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 13,576 SF

Gross rent

$200.4K $14.76/SF

− Vacancy

−$14.4K −$1.06/SF

EGI

$186.0K $13.70/SF

− OpEx

−$83.7K −$6.16/SF

NOI

$102.3K $7.53/SF

Area

Putnam County, FL

Vacancy

7.20%

Lease Rate

$14.76 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,045,500

Cap Rate 7%

$1,461,071

Cap Rate 9%

$1,136,389

Alternative Uses

Best Use

Apartment 5plus

$1.46M

$1.28M – $1.70M (±1% cap)

NOI $102,275 @ 7.0% cap · market cap 7.05%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$3.54M

$3.09M – $4.12M (±1% cap)

NOI $247,489 @ 7.0% cap · market cap 17.07%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Suggested Use

Top Pick Real Estate Agency Bed & Breakfast Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

6

Businesses Nearby

Explore this area Business Placement

Demographics for 32131, FL

4,806

Population

2,153

Households

2.2

Avg Household Size

45

Median Age

17%

College-Educated

81%

High-School Grad

35.8 sq mi

ZIP Area

134

Density / Sq Mi

$66,580

Median Household Income

$34,474

Median Earnings

$998

Median Rent

$222,300

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

Where is this mobile home & rv park located?

The property is located at 106 E WARREN Ave East Palatka, FL.

What is the asking price?

The asking price for this property is $1,450,000.