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Pilothouse Court Investment Offering 2 Properties Offered at $2,499,000 in Palatka, FL
Investment Highlights
- Multiple Income Streams + Strong NOI.
- Location-Driven Demand + Growth Tailwinds.
- Unique Asset Mix with Commercial Upside.
Executive Summary
Turn-Key 7-Building STR Portfolio + 5,500 SF Warehouse | ~7.5% Cap | $187K NOI | Mixed-Use Upside
Rare opportunity to acquire a fully operational 7-building, 11-unit income-producing portfolio delivering approximately ~7.5% cap rate and ~$187K blended NOI in Palatka, FL. This unique offering combines stabilized short-term rentals with long-term income and a 5,500 sq ft commercial-grade warehouse, creating a true multi-income, flexible-use investment.
The residential portfolio consists of:
3 single-family homes
1 triplex
2 duplexes
(Totaling 11 rentable units and 3,650 rentable nights annually)
In addition, the property includes two stabilized long-term leases generating $5,000/month ($60K annually), providing consistent baseline income. STR operations have historically produced ~$135K NOI, with 2026 bookings already exceeding $80K, demonstrating strong forward demand.
Positioned directly across from St. Johns Ship Building, the asset benefits from a reliable workforce-driven rental base, supporting 55–65% occupancy with upside through rate optimization and expanded marketing. The private, pond-front setting offers a rare, peaceful environment that enhances guest appeal and repeat bookings.
A major differentiator is the 5,500 sq ft commercial warehouse with integrated office space, opening the door to multiple high-value uses, including:
Owner/operator headquarters
Equipment or fleet storage
Income-producing commercial lease
Medical, wellness, or therapy facility conversion
Assisted living / elder care concept (subject to zoning/approvals)
This combination of residential income + commercial infrastructure provides both immediate cash flow and long-term repositioning potential.
Market Tailwinds – Putnam County Growth:
Putnam County continues to gain momentum as buyers and businesses expand outward from Jacksonville and St. Augustine, driven by affordability and growth initiatives supported by the Putnam County Chamber of Commerce and regional employers. Ongoing development and workforce demand in the area continue to support both rental performance and future value appreciation.
7 total buildings | 11 rentable units
3 SFR | 1 triplex | 2 duplexes + 1 warehouse
~7.5% cap rate | ~$187K blended NOI
3,650 rentable nights/year
$60K/year from stabilized long-term leases
Proven STR NOI ~$135K with strong forward bookings
5,500 sq ft warehouse + office
Located across from major employment driver.
Scenic pond + private setting = premium guest appeal
Medical / elder care / commercial conversion potential (verify zoning)
True turn-key operation with scalability
Total Units: 11 (10 Residential + 1 Warehouse)
Residential SF: ~9,742 SF
Warehouse SF: 5,644 SF
Total SF: ~15,386 SF
Rare opportunity to acquire a fully operational 7-building, 11-unit income-producing portfolio delivering approximately ~7.5% cap rate and ~$187K blended NOI in Palatka, FL. This unique offering combines stabilized short-term rentals with long-term income and a 5,500 sq ft commercial-grade warehouse, creating a true multi-income, flexible-use investment.
The residential portfolio consists of:
3 single-family homes
1 triplex
2 duplexes
(Totaling 11 rentable units and 3,650 rentable nights annually)
In addition, the property includes two stabilized long-term leases generating $5,000/month ($60K annually), providing consistent baseline income. STR operations have historically produced ~$135K NOI, with 2026 bookings already exceeding $80K, demonstrating strong forward demand.
Positioned directly across from St. Johns Ship Building, the asset benefits from a reliable workforce-driven rental base, supporting 55–65% occupancy with upside through rate optimization and expanded marketing. The private, pond-front setting offers a rare, peaceful environment that enhances guest appeal and repeat bookings.
A major differentiator is the 5,500 sq ft commercial warehouse with integrated office space, opening the door to multiple high-value uses, including:
Owner/operator headquarters
Equipment or fleet storage
Income-producing commercial lease
Medical, wellness, or therapy facility conversion
Assisted living / elder care concept (subject to zoning/approvals)
This combination of residential income + commercial infrastructure provides both immediate cash flow and long-term repositioning potential.
Market Tailwinds – Putnam County Growth:
Putnam County continues to gain momentum as buyers and businesses expand outward from Jacksonville and St. Augustine, driven by affordability and growth initiatives supported by the Putnam County Chamber of Commerce and regional employers. Ongoing development and workforce demand in the area continue to support both rental performance and future value appreciation.
7 total buildings | 11 rentable units
3 SFR | 1 triplex | 2 duplexes + 1 warehouse
~7.5% cap rate | ~$187K blended NOI
3,650 rentable nights/year
$60K/year from stabilized long-term leases
Proven STR NOI ~$135K with strong forward bookings
5,500 sq ft warehouse + office
Located across from major employment driver.
Scenic pond + private setting = premium guest appeal
Medical / elder care / commercial conversion potential (verify zoning)
True turn-key operation with scalability
Total Units: 11 (10 Residential + 1 Warehouse)
Residential SF: ~9,742 SF
Warehouse SF: 5,644 SF
Total SF: ~15,386 SF
Property Facts
| Price | $2,499,000 | Status | Active |
| Price / SF | $118.83 / SF | Number of Properties | 2 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 1 |
| Cap Rate | 7.50% | Total Building Size | 21,030 SF |
| Sale Type | Investment | Total Land Area | 18.21 AC |
| Price | $2,499,000 |
| Price / SF | $118.83 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 7.50% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 1 |
| Total Building Size | 21,030 SF |
| Total Land Area | 18.21 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 108 Pilothouse Ct, Palatka, FL 32177 | Industrial | 5,644 SF | 2011 | - |
| 100 Pilothouse Ct, Palatka, FL 32177 | Multifamily | 15,386 SF | 2011 | $2,499,000 |
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