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Property profile & analytics
OFF-MARKET
Estimated value
$2,090,000
Turn key restaurants
101 Hwy 17, Palatka, FL 32177-2873
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-4970516
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1982
Construction
WOOD
Total area
3,527 SF
Lot
0.81 ac (35,284 SF)
APN
01-10-26-0670-012.0-006.1
UPID
US18-4970516
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Trulieve Palatka Dispensary (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.12M
Blend (final)
Blend
$2.09M
Owner & transaction history
Palatka 101 LLC · 3 yrs held
Palatka 101 LLC
since 2022
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Palatka submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palatka submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,315,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.09M
Range $1.88M – $2.30M · ±10% · vs last sale $1.95M (Oct 19 2022)
Last sale anchor
$1.95M
Oct 19 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$593 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$15,122
Tax year 2023
Assessed value
$666,930
Assessed 2023
Previous assessed
$406,460
+64.1% YoY
Effective rate
2.27%
On assessed value
Land market value
$199,100
Improvement market value
$467,830
Total market value
$666,930
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1982
Construction
WOOD
Heating
NONE
Total area
3,527 SF
Lot
0.81 ac (35,284 SF)
APN
01-10-26-0670-012.0-006.1
UPID
US18-4970516
Jurisdiction
PUTNAM
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1982
Construction
WOOD
Heating
NONE
Lot
0.81 ac
Current owner
From public records · entity-resolved
Palatka 101 LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1305 E MORENO ST, PENSACOLA, FL 32503-5660
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2022
—
Palatka 101 LLC
Dave Marsh
Quit Claim Deed
related
—
May 10, 2022
$1,950,000
Dave Marsh
Core Sop 420 LLC
Warranty Deed
—
Nov 5, 2021
$750,000
Core Sop 420 LLC
Italian Latin Grill LLC
Special Warranty Deed
$350,000 · Professional Bank
Jan 19, 2016
—
Italian Latin Grill LLC
Tio Pepes Latin Grill LLC
Warranty Deed
—
Dec 1, 2005
$450,000
Tio Pepes Latin Grill LLC
Scruggs,joseph D
Warranty Deed
$382,500 · Putnam State Bank
May 1, 1997
$308,000
Pate Restaurant Enterprises
Apple South INC
Grant Deed
$644,000 · Franchise Mortgage Acceptance
—
—
Italian Latin Grill LLC
—
Deed Of Trust
related
$298,600 · Putnam State Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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