Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    290 Silver Lk Rd Palatka, FL 32177-8946
    Back to Search
    Property profile & analytics

    290 Silver Lk Rd, Palatka, FL 32177-8946

    View on Map
    • Retail space
    • 1,145 SF
    • 0.47 lot acres
    Off-Market
    Last Sale Nov 8, 2021
    $44,000
    Property ID
    US18-4532417
    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

    • Retail space

    Property Details for 290 Silver Lk Rd

    Year built
    1957
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.47 lot acres
    Property type
    Retail space
    APN
    16-10-26-0000-040.1-000.0
    APU
    161026000004010000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 8, 2021 $44,000 Blue Sky Contracting And Const Svcs Randy Dean Walters Warranty Deed $34k · Randy Walters
    Nov 5, 2018 $29,200 Randy D Walters Gray,charles J Warranty Deed —
    Jun 23, 2003 $65,000 Paula M Gray Adubato,frank Grant Deed —

    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
    -81.7119
    Latitude
    29.6238
    CBSA code
    37260
    CBSA name
    PALATKA, FL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $755
    $0.00
    $0.00
    $46,160
    -
    $30,240
    $15,920
    $46,160

    Comparable in this City

    • Value Estimation
      $540,000
      4,194 SF

      3902 Crill Ave, Unit 100

      RETAIL STORES (PERSONAL SERVICES)
      3902 Crill Ave, Palatka, FL 32177-9157
      View Details
    • Value Estimation by Request
      1,860 SF

      243 Hwy 17

      RETAIL STORES (PERSONAL SERVICES)
      243 Hwy 17, Palatka, FL 32177-9672
      View Details
    • Value Estimation
      $2,100,000
      8,992 SF

      409 Peniel Rd

      RETAIL STORES (PERSONAL SERVICES)
      409 Peniel Rd, Palatka, FL 32177-8980
      View Details
    • Value Estimation by Request
      1,019 SF

      3203 Saint Johns Ave

      RETAIL STORES (PERSONAL SERVICES)
      3203 Saint Johns Ave, Palatka, FL 32177-4153
      View Details
    • Value Estimation by Request
      1,946 SF

      801 Saint Johns Ave

      RETAIL STORES (PERSONAL SERVICES)
      801 Saint Johns Ave, Palatka, FL 32177-4647
      View Details
    • Value Estimation by Request
      1,526 SF

      1624 Bronson St

      RETAIL STORES (PERSONAL SERVICES)
      1624 Bronson St, Palatka, FL 32177-3044
      View Details

    Similar Nearby for Sale

    • $599,900
      7,742 SF

      Turnkey Daycare Facility on Corner Lot

      Daycare facility on 0.69-acre corner lot near downtown Palatka.
      1210 St Johns Ave, Palatka, FL 32177
      View Details
    • $449,000
      1,339 SF

      Palatka Commercial Property For Sale

      Commercial property with high visibility and residential income potential.
      6120 Crill Ave, Palatka, FL 32177
      View Details
    • $499,900

      High-Traffic Commercial Corner Lot

      Corner lot in high-traffic area near major retailers.
      819 S Moody Rd, Palatka, FL 32177
      View Details
    • Contact for pricing
      7,949 SF

      Downtown Palatka Historic District Property

      Prime location with renovation potential in Palatka's Historic District.
      114 3Rd St, Palatka, FL 32177
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      31,714 SF

      Retail Space in Palatka, Florida

      Retail space available near Putnam County Medical Center.
      103-115 Fl-19, 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
    • Contact for pricing
      31,493 SF

      Anchor Retail Box for Sublease

      Large anchor-format retail space with prominent visibility along SR 19 for high-impact retail and service uses.
      901 N State Road 19, Palatka, FL 32177
      View Details
    • $1.72 SF/Yr
      3,942 SF

      Downtown Palatka Retail Opportunity

      Vanilla shell retail space in high-traffic downtown location.
      120 N 9Th St, Palatka, FL 32177
      View Details
    • Contact for pricing
      14,630 SF

      Retail Space in Maple Plaza

      14,630 SF commercial space in Palatka, Florida.
      333 N State Road 19, Palatka, FL 32177
      View Details
    • $800 /Mo

      Palatka - Auto Dealer Space

      Auto Dealer Space
      Palatka, FL 32177
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    290 Silver Lk Rd
    Palatka, FL 32177-8946
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    290 Silver Lk Rd, Palatka, FL, 32177
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!