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    257 Harbor Dr Palatka, FL 32177

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    257 Harbor Dr Palatka, FL 32177

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    • Residential land & home lots
    For Sale
    $1,500,000
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    Palatka Buildable Lots For Sale For Sale
    $1,500,000
    25.00 Acres

    Palatka Buildable Lots For Sale

    118 buildable lots near St Johns River.

    257 Harbor Drive, Palatka, FL 32177
    View Listing
    Property ID
    US18-2725287
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential land & home lots

    Property Details for 257 Harbor Dr

    Property type
    Residential land & home lots

    Description

    Calling all builders, developers and investors. This offering is for 120 buildable lots in the established residential development known as St Johns Harbor. This location is just off of the St Johns River in close proximity to a public boat ramp providing easy access to boating and water recreation. Nicely located between the historic towns of Green Cove Springs and Palatka this area is prime for development. Just 16 mi to the north is the new First Coast Expressway near Green Cove that will connect I-10 to I-95 providing easy access to the greater Jacksonville area. Most of the lot sizes are .20 to .22 acres but some are a bit larger. This neighborhood has been partially developed over the years so some lots are on paved steets, some on dirt roads but most are on platted streets that have yet to be built. The owner will consider selling blocks of lots or lot take downs. There is an adjacent property that is 63.45 acres that is also available. This offering has tremendous potential!

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Palatka
    County
    Putnam
    State
    Florida
    Longitude
    -81.5721187
    Latitude
    29.7593931

    Comparable in this City

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      0.11 Acres

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      0.18 Acres

      Cleared Lot Near St. Johns

      Cleared lot near St. Johns River with existing septic.
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    • $847,000
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      Palatka Land Near Golf Club

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      0.17 Acres

      Palatka, FL Vacant Lot

      0.17-acre vacant lot zoned R-3 in Palatka, FL.
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    • $115,000
      0.69 Acres

      Land in Palatka, Florida

      Four lots ready for a new home in Palatka.
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      0.27 Acres

      Palatka, FL Land For Sale

      Residential land available in Palatka, Florida.
      224 SE 8Th Ave, Palatka, FL 32177
      View Details

    Similar Nearby for Sale

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      0.26 Acres

      Cleared Lot Ready for Building

      Quarter-acre cleared lot with well, septic, and electric pole.
      104 Riverside Ln, Palatka, FL 32177
      View Details
    • $62,900
      0.21 Acres

      Residential Lot in Palatka, FL

      Build-ready lot in central Palatka, convenient to amenities.
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      0.17 Acres

      Palatka, FL Vacant Land

      0.17-acre vacant lot zoned R-3 in Palatka, Florida.
      N 17Th St, Palatka, FL 32177
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      0.55 Acres

      Residential Land in Palatka, Florida

      0.55 acre lot near main roads and highways.
      130 SE 5Th St, Palatka, FL 32177
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      0.15 Acres

      Residential Lot in Growing Area

      Residential land available in a popular and growing Palatka area.
      702 Olive St, Palatka, FL 32177
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    Similar Nearby for Lease

    • $800 /Mo

      Palatka - Auto Dealer Space

      Auto Dealer Space
      Palatka, FL 32177
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      Palatka Multi-Use Development Opportunity

      Prime corner location ideal for retail, medical, or professional office.
      State Road 19 S, Palatka, FL 32177
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    • $900 /Mo
      400 SF

      Palatka Office Space For Rent

      400 sq ft office space in Palatka, Florida.
      3624 Reid St, Palatka, FL 32177
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      462

      6.64 ACRE COMMERCIAL LAND FOR SALE OR LEASE
      462 Us Hwy 17, Palatka, FL 32177
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Palatka, FL

      Retail space available for lease in Palatka, Florida.
      807-901 S State Road 19, Palatka, FL 32177
      View Details
    • Sponsored
      $8 SF/Yr

      Auto Dealer Depot

      Auto Dealer Office & Parking
      Palatka, FL 32177
      View Details
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    257 Harbor Dr
    Palatka, FL 32177
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    257 Harbor Dr, Palatka, FL, 32177

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