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119 4th St Palatka, FL 32177-3727

OFF-MARKET Office buildings Google Maps
3,892 SF 0.1 ac lot Built 1915
Individually Owned 1-yr Hold Free & Clear
Estimated value (blended)
$150k
Range $135k – $165k (±10%)
Property ID US18-1466587

Property summary

AI-generated overview

This exceptional investment opportunity presents almost 4,000 square feet of office space ideally situated in Palatka's historic downtown business district. The property boasts three distinct office spaces, each with its own private entrance and bathroom, offering unparalleled flexibility for a variety of uses. The largest space encompasses 2,580 square feet, while the second comprises 1,140 square feet, and a third smaller space adds 273 square feet. Built in 1915, the building's character is undeniable. The second office space, accessible via a charming staircase from a foyer, possesses the potential for conversion into a residential apartment, further enhancing its versatility. This property's central location within the vibrant heart of downtown Palatka presents a unique chance to acquire a substantial and adaptable commercial space in a thriving area. The asking price is $449,999, and the property is held under a partnership ownership. This is a truly remarkable opportunity for a savvy investor seeking a strong foothold in a desirable market. The property is 3,967 square feet and is a traditional office building.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1915
Construction WOOD
Total area 3,892 SF
Lot 0.1 ac (4,356 SF)
APN 42-10-27-6850-015.0-001.0
UPID US18-1466587

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Shopping Center & Mall

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$150k

Owner & transaction history

since 2025
Last sale
$170,000
2 recorded transactions
2025
Price N/A
2000
$170,000

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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