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Financial
Distress signals
Property profile

120 N 9Th St Palatka, FL 32177

FOR LEASE
Retail space
Property ID
US18-2759233
5,400 SF 0.17 ac lot Built 1973
Last sale Sep 2021 · $500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
120 N 9Th St, Palatka, FL 32177 For Lease
$465,000 3,942 SF available
120 N 9Th St, Palatka, FL 32177
View Listing

Property summary

AI-generated overview

Commercial retail space located on a high-traffic corner in Downtown Palatka. The space is configured as a raw (unfinished) interior, allowing flexibility in floorplan, layout, and tenant-driven build-out, with the tenant responsible for improvements. The full retail area is approximately 3,400 square feet and is designed to be divisible, with an option to split into two units of approximately 1,700 square feet each depending on the intended tenant use.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$5k
Tax billed · 2023
Assessed value$186k
Effective rate2.44%

Value estimate

· Oct 2026
$465k
$419k – $512k
NOI build-up
Gross scheduled income$63k
Vacancy & credit loss−$6k
Operating expenses−$17k
NOI · 3,972,400.00% cap applied$40k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$140/SF
ZIP average, outlier-cleaned · 37 recorded sales of this use type
Observed band · Q1–Q3$73 – $234
Qualifying comparables5

Cap rate analysis

How does the asset earn?
3,972,400.00%
$40k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionPUTNAM

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office11.7
Bakery9.4
Storage Facility9.4

Location

120 N 9Th St Palatka, FL 32177
County assessor Recorded deeds · 3 transfers 5 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
701 Saint Johns, Palatka, FL 32177-4645 $390,000 Sep 2024 8,059 SF
2600 Reid, Palatka, FL 32177-2808 $4,006,000 Sep 2024 3,615 SF
111 4th, Palatka, FL 32177-3727 $330,000 Mar 2024 3,569 SF
625 State Rd 19, Palatka, FL 32177-3944 $700,000 Jun 2023 4,940 SF
806 Saint Johns, Palatka, FL 32177-4648 $80,000 Feb 2023 3,316 SF
187 Carter, Palatka, FL 32177-8625 $475,000 Nov 2022 7,200 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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