Back to Search
Medical Office Building

6905 OLD WOLF BAY Road Palatka, FL 32177

Claim this Listing
For Sale
$980,000

COMMERCIAL - Palatka, FL

Type:Office
Property size:
6,420 SF
Lot size:
1.02 Acres
Price / SF:
$152/SF
Added:
Nov 25, 2025
Days on Market:
228
Last Refresh:
Jul 11 at 5:06 am

Property Features for 6905 OLD WOLF BAY Road

General Information

Property type
Commercial Sale
Property subtype
Office
Bathrooms
5
Rooms
Bathroom 3, Bathroom 2, Bathroom 5, Bathroom 1, Bathroom 4
Parking features
Parking Lot
Accessibility
Accessible Approach with Ramp
Standard status
Active
APN
101026000003500030
Size
6,420 SF
Lot size
1.02 Acres

Taxes and HOA fees

Tax Year
2024
Tax Annual Amount
18250

Utilities

Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public

Building Details

Year built
1997
Floors in Building
1
Flooring type
Vinyl, Carpet
Building materials
Brick

Listing agent MARC SPALDING License #0475517

Listing office COLDWELL BANKER BEN BATES INC 3400 CRILL AVENUE SUITE 1, Palatka, FL

Listing date Nov 25, 2025

MLS# 2120057

Copyright © 2026 realMLS. 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.

This sale opportunity is a 6,420-square-foot medical office building currently used as a diagnostic imaging center. The interior layout includes a lobby/receptionist area, exam room, physician offices, a break room, and a nurses’ station, along with multiple support and clinical rooms. Imaging and diagnostic features include an MRI room, CT scan room, X-ray room, bone density room, and mammography room. Additional space includes a consultation room, storage for equipment or supplies, and two dressing rooms, plus five bathrooms.

The property sits on 1.02± acres with 150 feet of road frontage, positioned just southwest of HCA Florida Putnam Hospital in a well-established medical district. Zoning is C-1A (Commercial, Neighborhood District), and the building is served by public water and sewer. On-site improvements include commercial-grade carpet and vinyl flooring and a wet fire sprinkler system.

For healthcare and other C-1A compatible professionals, the existing configuration supports a range of medical and office functions, with dedicated clinical rooms and multiple patient-support areas already in place. The combination of imaging-ready rooms, functional circulation, and on-site utilities makes the building well-suited for an owner-operator or a buyer looking to continue medical use in close proximity to an active hospital campus.

Key Highlights

  • Prime medical office space in a premier location near HCA Florida Putnam Hospital.
  • 6,420 sq ft building with specialized rooms: MRI, CT scan, X‑ray, bone density, and mammography rooms.
  • Zoned C‑1A, allowing retail, medical, and professional office uses.

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 $161.8k $25.20
− Vacancy −$17.0k −$2.65
EGI $144.8k $22.55
− OpEx −$57.9k −$9.02
NOI $86.9k $13.53
6,420 SF · lease $25.20/SF/yr · vacancy 10.50% · expense 40.00%

Alternative Uses

Best Use
Healthcare Medical
$1.24M
$1.09M – $1.45M (±1% cap)
NOI $86,878 @ 7.0% cap · market cap 8.87%
Second Best
Office B
$1.19M
$1.04M – $1.39M (±1% cap)
NOI $83,533 @ 7.0% cap · market cap 8.52%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M (±1% cap)
NOI $117,036 @ 7.0% cap · market cap 11.94%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

PUTNAM DIAGNOSTIC IMAGING ... Medical Clinic

Suggested Use

Building Supply Law Firm Restaurant Auto Repair Shop Storage Facility Hair Salon Gym & Fitness Center Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Bakery

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Medical Office Space - Purpose-built diagnostic and treatment space offers imaging rooms, exam areas, and dedicated patient-support functions.
Where is this medical office space located?
The property is located at 6905 OLD WOLF BAY Road Palatka, FL.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: Prime medical office space in a premier location near HCA Florida Putnam Hospital.; 6,420 sq ft building with **specialized rooms**: MRI, CT scan, X‑ray, bone density, and mammography rooms.; Zoned C‑1A, allowing retail, medical, and professional office uses.
Contact an agent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message