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    105 Power Line Rd East Palatka, FL 32131
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    105 Power Line Rd East Palatka, FL 32131

    View on Map
    • Commercial real estate
    • 13,125 SF
    • 2.77 lot acres
    Off-Market
    Property ID
    US18-4438376
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 105 Power Line Rd

    Lot size
    2.77 lot acres
    Property size
    13,125 SF
    Property type
    Commercial real estate

    Description

    This exceptional 2.77-acre commercial property in East Palatka, Florida, presents a unique investment opportunity. Strategically located at the busy intersection of State Road 207 and Cracker Swamp Road, approximately 20 minutes from I-95, this property boasts high visibility and accessibility. Currently zoned AG, the future land use plan allows for commercial zoning, unlocking significant development potential. The property is fully fenced and offers extensive road frontage: approximately 548 feet on State Road 207, 379 feet on Cracker Swamp Road, and 578 feet on Power Line Road. A substantial metal warehouse, exceeding 13,000 square feet, is included. This comprises 6,394 square feet of enclosed space and 6,731 square feet of covered open area. Adding to its versatility, the property also features a 1,855-square-foot, three-bedroom, two-bathroom concrete block home, complete with a screened-in inground pool and a two-car garage. Public utilities are readily available. The property's proximity to two recently approved Putnam County developments further enhances its value and future prospects. This is a rare chance to acquire a large, versatile property in a rapidly developing area. The asking price is $1,250,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    East Palatka
    County
    Putnam
    State
    Florida
    Longitude
    -81.5914894
    Latitude
    29.6666631

    Comparable in this City

    • New
      $1,375,000
      2.01 Acres

      East Palatka Commercial Development Opportunity

      2.01-acre commercial land with high visibility and diverse zoning.
      138 State Road 207, East Palatka, FL 32131
      View Details
    • $649,000

      Prime Riverfront Land in East Palatka

      Wooded Acreage, St. Johns Riverfront
      227 Us Highway 17, East Palatka, FL 32131
      View Details
    • $649,000

      Riverfront Acreage on St. Johns

      Over an acre of wooded riverfront property near St. Augustine.
      227 Us Highway 17 S, East Palatka, FL 32131
      View Details
    • $649,000

      Riverfront Acreage Near Highway 17

      Over an acre of wooded riverfront property near Highway 17.
      227 Us Highway 17 S, 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
    • $125,000
      1.01 Acres

      Waterfront Lot on Dog Branch

      Vacant lot with direct access to St. Johns River.
      116 Orange Tree Rd, East Palatka, FL 32131
      View Details

    Similar Nearby for Sale

    • New
      $1,375,000
      2.01 Acres

      East Palatka Commercial Development Opportunity

      2.01-acre commercial land with high visibility and diverse zoning.
      138 State Road 207, East Palatka, FL 32131
      View Details
    • $649,000

      Prime Riverfront Land in East Palatka

      Wooded Acreage, St. Johns Riverfront
      227 Us Highway 17, East Palatka, FL 32131
      View Details
    • $649,000

      Riverfront Acreage on St. Johns

      Over an acre of wooded riverfront property near St. Augustine.
      227 Us Highway 17 S, East Palatka, FL 32131
      View Details
    • $649,000

      Riverfront Acreage Near Highway 17

      Over an acre of wooded riverfront property near Highway 17.
      227 Us Highway 17 S, 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
    • $125,000
      1.01 Acres

      Waterfront Lot on Dog Branch

      Vacant lot with direct access to St. Johns River.
      116 Orange Tree Rd, 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
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    105 Power Line Rd
    East Palatka, FL 32131
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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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