Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    177 Hwy East Palatka, FL 32131
    Back to Search
    Property profile & analytics

    177 Hwy East Palatka, FL 32131

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 177 Hwy

    Property type
    Land

    Description

    This exceptional 47,916 square foot commercial land parcel presents a unique investment opportunity in East Palatka, Florida. Situated on Highway 17, a four-lane highway, this property boasts a highly desirable location with exceptional visibility and accessibility. The 1.1-acre lot offers approximately 170 feet of highway frontage and 140 feet of river frontage, providing ample space for development. The property is zoned C-2, allowing for a variety of commercial uses. A high bluff provides elevated views and potential for stunning architectural designs. Previous site improvements included a building and slab, which have been removed, leaving a ready-to-develop site with an existing parking lot and driveway. Central water is already stubbed to the property, simplifying infrastructure connections. This prime location in Putnam County's highest traffic area ensures significant exposure and potential for strong returns. The asking price is $749,000. Don't miss this chance to acquire a remarkable commercial property with significant development potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    East Palatka
    County
    PUTNAM
    State
    Florida
    Longitude
    -81.6042
    Latitude
    29.6448

    Comparable in this City

    • Value Estimation by Request
      2.77 Acres

      105 Power Line Rd

      Land • 13,125 SF
      105 Power Line Rd, East Palatka, FL 32131
      View Details
    • Value Estimation by Request
      0.64 Acres

      101 Broer Rd

      Land • 0.64 Acres
      101 Broer Rd, East Palatka, FL 32131
      View Details
    • Value Estimation by Request

      176 Hwy

      Distribution properties
      176 Hwy, East Palatka, FL 32131
      View Details
    • Value Estimation by Request

      147 State Road 207

      Land
      147 State Road 207, East Palatka, FL 32131
      View Details
    • Value Estimation by Request

      227 Hwy

      Land
      227 Hwy, East Palatka, FL 32131
      View Details
    • Value Estimation by Request
      170.00 Acres

      233 River Rd

      Farms • 170.00 Acres
      233 River Rd, East Palatka, FL 32131
      View Details

    Similar Nearby for Sale

    • $649,000

      Prime Riverfront Land in East Palatka

      Wooded Acreage, St. Johns Riverfront
      227 Us Highway 17, East Palatka, FL 32131
      View Details
    • $60,000
      0.17 Acres

      Vacant Lot in East Palatka

      Cleared 0.17-acre vacant lot suitable for development.
      419 State Road 207, East Palatka, FL 32131
      View Details
    • $49,999
      0.74 Acres

      Land Near St. Johns River

      Land near intersection of 207 and 17 Highway.
      118 Old San Mateo Rd, East Palatka, FL 32131
      View Details
    • $33,149
      0.21 Acres

      Vacant Lot in East Palatka

      Vacant land near shopping, restaurants, and boat launch.
      216 San Cristobal Ave, East Palatka, FL 32131
      View Details
    • Contact for pricing

      Land Available in East Palatka

      Land for sale at 436 S US Highway 17, Florida.
      436 S Us Highway 17, East Palatka, FL 32131
      View Details

    Similar Nearby for Lease

    • $3,500 /Mo
      48,352 SF

      East Palatka Riverfront Commercial Land

      Over one acre of wooded land with river frontage.
      227 Us Highway 17 S, East Palatka, FL 32131
      View Details
    • Contact for pricing
      3,600 SF

      East Palatka Retail Space Available

      Retail space for lease in East Palatka, Florida.
      164 S Us Highway 17, East Palatka, FL 32131
      View Details
    • $1,000 /Mo
      2,220 SF

      East Palatka Commercial Leasing Opportunity

      Former clubhouse with flexible lease terms and land options.
      118 Yelvington Rd, East Palatka, FL 32131
      View Details
    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.
    177 Hwy
    East Palatka, FL 32131
    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

    Thank You for Inquiry
    177 Hwy, East Palatka, FL, 32131
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!