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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Retail space
625 State Rd 19 Palatka, FL 32177-3944
Entity Owned
Free & Clear
Property ID
US18-2719180
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1985
Construction
STEEL FRAME
Total area
4,940 SF
Lot
0.75 ac (32,670 SF)
APN
11-10-26-0000-047.0-002.0
UPID
US18-2719180
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$765k
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$910k
Owner & transaction history
Wpg Palatka LLC
Wpg Palatka LLC
since 2025
Last sale
$700,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+70.1%
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
$1,270,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$830,000
6.5%
$765,000
7%
$710,000
Alternative Use
Use
Estimation
RETAIL STORES
$690,000
Current use
COMMERCIAL (GENERAL)
$1,175,000
Change: +70% · Conversion: Easy
OFFICE BUILDING
$680,000
Change: -2% · Conversion: Easy
AUTO REPAIR, GARAGE
$610,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±10% · vs last sale $700k (Jun 27 2023)
Last sale anchor
$700k
Jun 27 2023
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
$184 / 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
$8,728
Tax year 2023
Assessed value
$436,990
Assessed 2023
Previous assessed
$325,780
+34.1% YoY
Effective rate
2.00%
On assessed value
Land market value
$261,110
Improvement market value
$175,880
Total market value
$436,990
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1985
Construction
STEEL FRAME
Heating
NONE
Total area
4,940 SF
Lot
0.75 ac (32,670 SF)
APN
11-10-26-0000-047.0-002.0
UPID
US18-2719180
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
RETAIL STORES Current
Est. value
$690,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
OFFICE BUILDING
Est. value
$680,000
AUTO REPAIR, GARAGE
Est. value
$610,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
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
1985
Construction
STEEL FRAME
Heating
NONE
Lot
0.75 ac
Current owner
From public records · entity-resolved
Wpg Palatka LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 487, CRYSTAL RIVER, FL 34423-0487
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2025
$800,000
Wpg Palatka LLC
Crystal Tractor LLC
Special Warranty Deed
—
Jun 25, 2025
$4,795,000
Swope Properties LLC
Gh&g Palatka LLC
Special Warranty Deed
—
Jun 27, 2023
$700,000
Crystal Tractor LLC
Futchs Palatka LLC
Warranty Deed
—
Jan 18, 2023
$1,100,000
Gh&g Palatka LLC
Mckinnon Furniture INC
Special Warranty Deed
$2,501,235 · South State Bank NA
Jan 18, 2023
—
Gh&g Palatka LLC
Carolyn L Beckham
Quitclaim Deed
related
—
Mar 12, 2020
—
Futchs Palatka LLC
Daryll W Futch
Quit Claim Deed
related
—
Nov 20, 2019
$100
Futchs Palatka LLC
Daryll W Futch
Quit Claim Deed
related
—
Jul 8, 2013
$284,000
Daryll W Futch
Terwillegar G H 1983 Trust
Warranty Deed
$284,000 · Terwillegar G H 1983 Trust
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.
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