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110 State Rd 19 Palatka, FL 32177-2442

OFF-MARKET Warehouses Google Maps
7,918 SF 0.93 ac lot Built 1964
Individually Owned 11-yr Hold Free & Clear
Estimated value (blended)
$420k
Range $378k – $462k (±10%)
Property ID US18-2769366

Property summary

AI-generated overview

This exceptional commercial property in Palatka, Florida, presents a lucrative investment opportunity. Located at 110 N State Road 19, this 1.2-acre site boasts 245 feet of frontage on a high-traffic road (20,300 AADT) with excellent visibility from St. Johns Ave (8,500 AADT). The property includes two parcels totaling 52,707.6 square feet and features a main building/showroom of 8,608 square feet and a warehouse of 2,592 square feet. Built in 1964, this property offers ample space for a variety of retail uses. An optional adjacent parcel is available, expanding the footprint to 1.7 acres with 355 feet of frontage. Separately, a profitable plumbing, electrical, pumps, and well supplies business is available for purchase, established in 1979, including inventory, equipment, and goodwill. This turnkey business opportunity offers significant upside potential for a new owner. The current owners are retiring and motivated to sell. This combined real estate and business opportunity presents a rare chance to acquire a thriving enterprise in a prime location. The asking price for the real estate is $1,600,000.

Property profile

Verified
Property type Warehouses
Use group STORAGE YARD (JUNK, SALVAGE)
Year built 1964
Construction STEEL FRAME
Total area 7,918 SF
Lot 0.93 ac (40,511 SF)
APN 02-10-26-0000-132.2-000.0
UPID US18-2769366

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$420k

Owner & transaction history

since 2014
2 recorded transactions
2014
Price N/A
2005
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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