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    Open Warehouse with Roll-Up Bay Title is generated by Realmo AI

    405 PINE Street, Palatka, FL 32177

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    For Lease
    $1,300/Mo $7 SF/Yr (calc)

    COMMERCIAL - Palatka, FL

    Property size:
    2,000 SF
    Lot size:
    1.15 Acres
    Added:
    Jun 1, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 5 at 5:06 pm

    Property Features for 405 PINE Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Bathrooms
    1
    Rooms
    Bathroom 1
    Parking features
    Off Street
    Standard status
    Active
    APN
    011026865000100510
    Size
    2,000 SF
    Lot size
    1.15 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    11358

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1955
    Building materials
    Block, Concrete

    We can help!

    Listing Contact
    MARC SPALDING
    MARC SPALDING

    Listing agent MARC SPALDING License #0475517

    Listing office COLDWELL BANKER BEN BATES INC 3400 CRILL AVENUE SUITE 1, Palatka, FL

    Listing date Jun 1, 2026

    MLS# 2148658

    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.

    HighLights

    • Approximately 2,000 SF of open warehouse space with one walk‑through entry door and one roll‑up garage/bay door
    • Includes 1 bathroom and loading dock availability
    • Additional adjacent 1,500 +/- SF space available
    • Fenced property with off‑street parking
    • No HVAC; served by public water and public sewer
    • Built in 1955 with block and concrete construction

    Overview

    Approximately 2,000 sq ft of open warehouse space is available, offering a straightforward layout for storage or light industrial uses. The unit includes one walk-through entry door and one roll-up garage/bay door for convenient movement of goods. A bathroom is included, and loading dock availability is noted. Outdoor storage space is also available. The space does not include HVAC. The property is fenced.

    The warehouse is located at 405 PINE Street in Palatka, Florida, within Putnam County. In addition to the main warehouse area, there is an adjacent 1,500 +/- sq ft space available, which may allow for additional storage or operational flexibility depending on tenant needs.

    This configuration can fit tenants looking for functional warehouse space with direct vehicle access through a roll-up bay door and practical support amenities such as a loading dock and restroom. The fenced perimeter and included outdoor storage can be helpful for businesses that need controlled space for equipment or inventory staging. No HVAC should be considered for any operations requiring temperature-controlled conditions.
    Property Profile Location Intelligence

    Current Use by Public Records

    God's Little Creations ... Daycare Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Similar Places Nearby

    • Palatka Storage — 100 Hwy 17, Palatka, FL 32177
    • American Mini Storage — 100 Hwy 17, Palatka, FL 32177

    Location Insight

    • Map
    • Local Demand
    City
    Palatka
    County
    Putnam
    State
    Florida
    Longitude
    -81.65911
    Latitude
    29.652782

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    FAQs

    What type of property is this?
    Warehouse - Open warehouse space with loading dock access, roll-up bay door, and fenced outdoor storage for flexible storage and operations.
    Where is this warehouse located?
    The property is located at 405 PINE Street Palatka, FL.
    What is the lease rate?
    The lease rate is $1,300 /Mo.
    What are key features of this property?
    This property features: Approximately 2,000 SF of open warehouse space with one walk‑through entry door and one roll‑up garage/bay door; Includes 1 bathroom and loading dock availability; Additional adjacent 1,500 +/- SF space available
    (386) 328-6716
    We can help!
    Listing Contact
    MARC SPALDING
    MARC SPALDING
    Real Estate License ID: 0475517
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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
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