205 Zeagler Drive Palatka, FL 32177
COMMERCIAL - Palatka, FL
- Added:
- Nov 18, 2025
- Days on Market:
- 235
- Last Refresh:
- Jul 11 at 5:06 am
Property Features for 205 Zeagler Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 3, Bathroom 1
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 10-10-26-0000-0200-3020
- Size
- 3,576 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- PT OF NW1/4 OF NW1/4 OR1687 P5
- Tax Annual Amount
- 9586
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating)
- Cooling system
- Heat Pump
- Water source
- Public
Building Details
- Year built
- 1992
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Tile, Laminate
- Building materials
- Block, Concrete, Stucco
- Roof type
- Metal
Listing agent Clyde Woodard (386) 481-4801
Listing office Coldwell Banker Commercial Benchmark 570 Memorial Cir Suite 300, Ormond Beach, FL (386) 672-8530
Listing date Nov 18, 2025
Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The office condo is located at 205 Zeagler Drive in Palatka, Florida, in Putnam County. The site is listed at approximately 0.05 acres, providing a compact footprint for an office condominium configuration.
For buyers, the unit is positioned as practical for either owner occupancy or long-term rental use. The existing month-to-month tenancy may appeal to investors seeking flexibility, while the option to split the space into two units can support different occupancy strategies depending on how an owner intends to use the property.
Key Highlights
- 3576 SF medical/professional office condo space, currently occupied on a month‑to‑month rental agreement
- Option to divide the space into two separate units for owner use plus leasing the remainder
- Built in 1992 with block, concrete, and stucco construction
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $90.1k | $25.20 |
| − Vacancy | −$9.5k | −$2.65 |
| EGI | $80.7k | $22.55 |
| − OpEx | −$32.3k | −$9.02 |
| NOI | $48.4k | $13.53 |
