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Property profile & analytics
OFF-MARKET
Retail properties & Spaces
1024 State Rd 19 Palatka, FL 32177-9000
Individually Owned
Free & Clear
Property ID
US18-2835736
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE (MULTI-STORY)
Year built
2002
Total area
163,889 SF
Lot
27.76 ac (1,209,226 SF)
APN
10-10-26-0000-021.0-000.0
UPID
US18-2835736
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
-
Walmart Business Center Tech Support Center (Bike/Boat/Book/etc) Store
-
Walmart Photo Center (Bike/Boat/Book/etc) Store
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Walmart Connection center Mobile Phone Store Electronics & Wireless Store
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Coinstar Kiosk | Bitcoin ATM Currency Exchange Service Kiosk
-
Walmart Baby & Nursery Services Social Service Agency Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
David M Mccormack
David M Mccormack
since 2026
5 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$305,067
Tax year 2023
Assessed value
$14,927,740
Assessed 2023
Previous assessed
$12,015,170
+24.2% YoY
Effective rate
2.04%
On assessed value
Land market value
$2,370,980
Improvement market value
$12,556,760
Total market value
$14,927,740
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
Retail properties & Spaces
Use group
DEPARTMENT STORE (MULTI-STORY)
Status
Off-Market
Year built
2002
Heating
NONE
Total area
163,889 SF
Lot
27.76 ac (1,209,226 SF)
APN
10-10-26-0000-021.0-000.0
UPID
US18-2835736
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
2002
Heating
NONE
Lot
27.76 ac
Current owner
From public records · entity-resolved
David M Mccormack
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 8050, BENTONVILLE, AR 72712-8055
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2026
$302,000
David M Mccormack
Pilla Electrical Products INC
Warranty Deed
—
Nov 1, 2018
$95,000
Pilla Electrical Products INC
Triple R Fabrications INC
Warranty Deed
—
Feb 2, 2018
$150,000
Triple R Fabrications INC
Powell,candys M & Michael A
Warranty Deed
—
Apr 13, 2009
—
Stores East Wal-mart
Wal-mart Stores East INC
Quit Claim Deed
—
Jan 18, 2001
$597,700
Wal-mart Stores INC
Thompson,john O & Claudia
Grant Deed
—
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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