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405 Pine St Palatka, FL 32177

Office buildings Google Maps
13,986 SF 1.15 ac lot Built 1955
Entity Owned Absentee Owner Free & Clear
Estimated value (blended)
$620k
Range $558k – $682k (±10%)
Property ID US18-8453734

Property summary

AI-generated overview

This exceptional single-tenant office space at 405 Pine Street in Palatka, Florida, offers approximately 1,650 square feet of recently remodeled office space. The property sits on a 1.15-acre lot (APN: 011026865000100510) and boasts a convenient covered walkway leading to a private entrance, ensuring both privacy and accessibility. The interior features modern luxury vinyl plank flooring throughout. The space includes two bathrooms, one of which is ADA compliant, catering to a diverse workforce. Tenants will have a separate electric meter for cost-effective utility management, while water is included. This is a fantastic opportunity for a business seeking a well-maintained, updated office space in a desirable location. The property is conveniently located in Palatka, FL, zip code 32177, at 29.652668 latitude and -81.6593491 longitude. Please note that additional space may be available – inquire about Unit B for further details. This is a single-suite building on a sizable lot, perfect for a business seeking a standalone office presence.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1955
Total area 13,986 SF
Lot 1.15 ac (50,094 SF)
APN 01-10-26-8650-001.0-051.0
UPID US18-8453734

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Daycare Center

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.51M
Blend (final) Blend
$620k

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Retail stores $2.0M +1.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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