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Property profile & analytics
OFF-MARKET
Investment properties

111 Palm Ave Palatka, FL 32177-2625

1,337 SF 1.12 ac lot Built 1960
Entity Owned 9-yr Hold
Property ID
US18-5329707
Property summary
AI-generated overview

This exceptional 1.12-acre commercial property in the heart of Palatka, Florida, presents a unique investment opportunity. Its central location ensures high visibility and significant traffic flow, making it perfectly suited for a variety of retail or office uses. The property includes a substantial building featuring a spacious retail/office area and a large, functional storage/working space. Adding to its versatility, a charming three-bedroom, two-bathroom house is situated on the property. This residence offers multiple possibilities: owner occupancy, employee housing, or a lucrative rental income stream. The combination of commercial space and residential dwelling creates a truly dual-purpose property, maximizing potential returns. Palatka is experiencing a period of significant growth and development, attracting new businesses and residents. Putnam County's renowned outdoor recreational opportunities further enhance the area's appeal. This property's strategic location and diverse functionality make it an exceptional investment in a thriving Florida community. The property's size and features offer significant potential for expansion or adaptation to suit a wide range of commercial needs. Don't miss this chance to acquire a prime piece of Palatka real estate.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1960
Construction WOOD
Total area 1,337 SF
Lot 1.12 ac (48,787 SF)
APN 01-10-26-4500-000.0-010.1
UPID US18-5329707
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
  • Palm Florist (Bike/Boat/Book/etc) Store Florist
  • Singletary Hauling Services Trucking Company
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
Palm Florist INC · 9 yrs held
Palm Florist INC
since 2016
4 recorded transactions
2018
Price N/A
2016
Price N/A
2011
$150,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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