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Property profile & analytics
FOR SALE
Super regional malls
400 N State Road 19 PALATKA, Palatka, FL 32177
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-6333004
For Sale
1 / 8
$12,800,000
400 N State Road 19,Unit PALATKA, Palatka, FL 32177
View Listing →
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1981
Construction
CONCRETE
Total area
52,096 SF
Lot
31.63 ac (1,377,803 SF)
APN
02-10-26-0000-126.0-000.0
UPID
US18-6333004
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
-
Dr. Karen R. Okelly, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.89M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.63M
Owner & transaction history
Schippers Taivah LLC · 4 yrs held
Schippers Taivah LLC
since 2022
Last sale
$8.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$10,095,000
ML approach
by Request
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
Change: 0% · Conversion: Easy
RETAIL STORES
$7,295,000
Change: 0% · Conversion: Easy
OFFICE BUILDING
$7,175,000
Change: 0% · Conversion: Moderate
AUTO REPAIR, GARAGE
$6,405,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$8.63M
Range $7.77M – $9.49M · ±10% · vs last sale $8.50M (Feb 25 2022)
Last sale anchor
$8.50M
Feb 25 2022
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
$166 / 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
$222,107
Tax year 2023
Assessed value
$9,514,470
Assessed 2023
Previous assessed
$7,416,560
+28.3% YoY
Effective rate
2.33%
On assessed value
Land market value
$1,322,690
Improvement market value
$8,191,780
Total market value
$9,514,470
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Sale
Year built
1981
Construction
CONCRETE
Heating
CENTRAL
Total area
52,096 SF
Lot
31.63 ac (1,377,803 SF)
APN
02-10-26-0000-126.0-000.0
UPID
US18-6333004
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
COMMERCIAL (GENERAL)
Est. value
$12.4M
RETAIL STORES
Est. value
$7.3M
OFFICE BUILDING
Est. value
$7.2M
AUTO REPAIR, GARAGE
Est. value
$6.4M
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1981
Construction
CONCRETE
Heating
CENTRAL
Lot
31.63 ac
Current owner
From public records · entity-resolved
Schippers Taivah LLC
Entity
Mailing address
10 PIERREPONT ST, BROOKLYN, NY 11201-3303
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2024
—
Schippers Taivah LLC
—
Deed
related
$1,150,000 · Downspout Capital Viii LLC
Feb 25, 2022
$8,500,000
Schippers Taivah LLC
Palatka Mall LLC
Special Warranty Deed
$6,375,000 · First Citizens Bank & Trust Co
Oct 17, 2018
—
Palatka Mall LLC
—
Deed
related
$3,700,000 · Reunion Bk/fl
Nov 4, 1999
$2,400,000
Palatka Mall LLC
Mid-florida Associates Ltd
Grant Deed
—
May 8, 1998
$150,200
Donald C Bradford
Mid-florida Associates Ltd
Grant Deed
—
—
—
Palatka Mall LLC
—
Deed Of Trust
related
$3,700,000 · Reunion Bk/fl
—
—
Palatka Mall LLC
—
Deed Of Trust
related
$2,400,000 · Anderen Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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