Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    400 N State Road 19, Unit PALATKA Palatka, FL 32177

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    400 N State Road 19, Unit PALATKA Palatka, FL 32177

    View on Map
    • Super regional malls
    • 52,096 SF
    • 31.63 lot acres
    For Sale
    $12,800,000
    View Listing →
    PALATKA PROMENADE Shopping Plaza For Sale
    $12,800,000
    209,278 SF

    PALATKA PROMENADE Shopping Plaza

    209,278 RSF shopping plaza with value-add opportunity.

    400 N STATE ROAD 19, PALATKA, FL, Palatka, FL 32177
    View Listing
    Property ID
    US18-6333004
    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
    5.7%
    Super regional malls
    Location Intelligence

    Current Use by Public Records

    • Dr. Karen R. Okelly, MD / Physician

    Property Details for 400 N State Road 19

    Year built
    1981
    Construction
    CONCRETE
    Lot size
    31.63 lot acres
    Property size
    52,096 SF
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    02-10-26-0000-126.0-000.0
    APU
    21026000012600000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $10,095,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $9,630,000
      6.5%
      $8,890,000
      7%
      $8,255,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $12,410,000
      RETAIL STORES
      $7,295,000
      OFFICE BUILDING
      $7,175,000
      AUTO REPAIR, GARAGE
      $6,405,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Palatka
    County
    Putnam
    State
    Florida
    Longitude
    -81.6732
    Latitude
    29.6544
    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
    $222,107
    $0.00
    $0.00
    $9,514,470
    -
    $1,322,690
    $8,191,780
    $9,514,470

    Comparable in this City

    • Value Estimation
      $950,000
      10,744 SF

      3840 Reid St, Unit 100

      WHOLESALE OUTLET, DISCOUNT STORE • 10,744 SF
      3840 Reid St, Palatka, FL 32177-2525
      View Details
    • Value Estimation by Request
      2,255 SF

      108 Jax Ln

      WHOLESALE OUTLET, DISCOUNT STORE • 2,255 SF
      108 Jax Ln, Palatka, FL 32177-8002
      View Details
    • Value Estimation
      $38,535,000
      164,936 SF

      Palatka, FL 32177

      WHOLESALE OUTLET, DISCOUNT STORE • 164,936 SF
      Palatka, FL 32177
      View Details
    • Value Estimation
      $13,180,000
      179,759 SF

      233 County Rd 216

      WHOLESALE OUTLET, DISCOUNT STORE • 179,759 SF
      233 County Rd 216, Palatka, FL 32177-9604
      View Details
    • Value Estimation by Request
      2,829 SF

      708 State Rd 20th, Unit 100

      MINI-MALL • 2,829 SF
      708 State Rd 20th, Palatka, FL 32177
      View Details
    • Value Estimation by Request
      4,404 SF

      2413 Crill Ave

      MINI-MALL • 4,404 SF
      2413 Crill Ave, Palatka, FL 32177-4269
      View Details

    Similar Nearby for Sale

    • $12,800,000
      209,278 SF

      PALATKA PROMENADE Shopping Plaza

      209,278 RSF shopping plaza with value-add opportunity.
      400 N State Road 19, Palatka, FL 32177
      View Details
    • $12,800,000
      209,278 SF

      209,278 RSF Shopping Plaza

      209,278 RSF shopping plaza on 27.46 acres.
      400 N State Road 19, Palatka, FL 32177
      View Details
    • $699,000
      3.56 Acres

      Cleared, Fenced Lot on Highway

      3.6 acre lot on Hwy 17, suitable for sales/storage.
      236 Highway 17 N, Palatka, FL 32177
      View Details
    • New
      $599,000
      820 SF

      Prime Retail in Historic Downtown

      Standalone property near St. Johns River, ideal for various uses.
      203 Laurel St, Palatka, FL 32177
      View Details

    Similar Nearby for Lease

    • 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
    • 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

      462

      6.64 ACRE COMMERCIAL LAND FOR SALE OR LEASE
      462 Us Hwy 17, Palatka, FL 32177
      View Details
    • $800 /Mo

      Palatka - Auto Dealer Space

      Auto Dealer Space
      Palatka, FL 32177
      View Details
    • Contact for pricing

      Palatka Multi-Use Development Opportunity

      Prime corner location ideal for retail, medical, or professional office.
      State Road 19 S, Palatka, FL 32177
      View Details
    View Listing
    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.
    400 N State Road 19, Unit PALATKA
    Palatka, FL 32177
    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

    400 N State Road 19, 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!