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Property profile & analytics
OFF-MARKET
Estimated value
$4,705,000
Automotive properties
1601 Reid St Palatka, FL 32177-3146
Individually Owned
24-yr Hold
~
Est. High Equity
Property ID
US18-4061708
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1960
Construction
STEEL FRAME
Total area
26,591 SF
Lot
3.59 ac (156,380 SF)
APN
42-10-27-6850-295.0-001.0
UPID
US18-4061708
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
-
Service Center - Beck Chevrolet Buick GMC Auto Repair Shop
-
Beck Chevrolet Buick GMC Car Dealership Auto Repair Shop
-
Beck Chevrolet Buick GMC - Parts Department Auto Parts Store
-
BECK CHEVROLET Car Dealership Auto Repair Shop
-
Parts Center - Beck Chevrolet Buick GMC Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.71M
Blend (final)
Blend
$4.71M
Owner & transaction history
Chevrolet-buick-ponti St. Johns · 24 yrs held
Chevrolet-buick-ponti St. Johns
since 2001
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.3M
+93.7%
Retail stores
$3.7M
+13.9%
Office building
$3.7M
+12.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Palatka submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palatka submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,270,000
Current use
COMMERCIAL (GENERAL)
$6,335,000
Change: +94% · Conversion: Moderate
RETAIL STORES
$3,725,000
Change: +14% · Conversion: Difficult
OFFICE BUILDING
$3,660,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$4.71M
Range $4.23M – $5.18M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$177 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$49,226
Tax year 2023
Assessed value
$2,608,820
Assessed 2023
Previous assessed
$1,740,400
+49.9% YoY
Effective rate
1.89%
On assessed value
Land market value
$476,430
Improvement market value
$2,132,390
Total market value
$2,608,820
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1960
Construction
STEEL FRAME
Heating
CENTRAL
Total area
26,591 SF
Lot
3.59 ac (156,380 SF)
APN
42-10-27-6850-295.0-001.0
UPID
US18-4061708
Jurisdiction
PUTNAM
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$6.3M
RETAIL STORES
Est. value
$3.7M
OFFICE BUILDING
Est. value
$3.7M
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1960
Construction
STEEL FRAME
Heating
CENTRAL
Lot
3.59 ac
Current owner
From public records · entity-resolved
Chevrolet-buick-ponti St. Johns
Individual
Mailing address
1601 REID ST, PALATKA, FL 32177-3146
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2018
—
Palatka Cbg LLC
—
Deed
related
$2,445,675 · Reunion Bk/fl
Dec 17, 2001
$1,650,000
Chevrolet-buick-ponti St. Johns
St Johns Chevrolet-buick Co
Grant Deed
related
$2,800,000 · General Motors Acceptance Corp
—
—
Palatka Cbg LLC
—
Loan Modification
related
$2,445,675 · Reunion Bk/fl
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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