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Property profile & analytics
OFF-MARKET Estimated value $1,630,000
Manufacturing properties

190 Comfort Rd 1 Palatka, FL 32177-8636

45,202 SF 4.57 ac lot Built 1977
Individually Owned 8-yr Hold ~ Est. High Equity
Property ID
US18-6164707
Property summary
AI-generated overview

This exceptional commercial property presents a rare opportunity to acquire a substantial industrial warehouse situated on approximately 4.57 acres of land in Palatka, Florida. The property boasts a strategic location, offering convenient access to US Highway 17 and the St. Johns River's west bank within Putnam County's industrial zone. Constructed in 1977, the building encompasses over 45,004 square feet of space, providing ample room for various industrial operations. The layout includes a generous 2,000 square feet of office space, well-suited for administrative functions, and over 1,500 square feet of loading docks, ensuring efficient handling of goods. The warehouse features robust construction, including 16-foot-high walls and steel truss-framed roofs, built to withstand the demands of heavy industrial use. The property's zoning as Heavy Industrial, coupled with its proximity to railway lines on the northern boundary, makes it ideally suited for businesses requiring significant space, heavy-duty infrastructure, and convenient transportation links. This location is strategically positioned within a region experiencing positive demographic growth and economic development, presenting a compelling investment opportunity for discerning buyers. The asking price for this exceptional property is $2,875,500.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1977
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 45,202 SF
Lot 4.57 ac (199,069 SF)
APN 37-09-26-0000-001.2-003.1
UPID US18-6164707
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
  • Metalizing Technical Services, LLC Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.63M
Blend (final) Blend
$1.63M
Owner & transaction history
Timmothy P Monaghan · 8 yrs held
Timmothy P Monaghan
since 2017
1 recorded transaction
2017
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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