Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2421 Crill Ave Palatka, FL 32177

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Four retail units with storefronts, easily accessible on Crill.

    Property size:
    4,041 SF
    Lot size:
    0.31 Acres

    Property Features for 2421 Crill Ave

    General Information

    Standard status
    Active
    Size
    4,041 SF
    Lot size
    0.31 Acres

    Building Details

    Year built
    1950

    We can help!

    Listing Contact
    Frank Green, Jr
    Source: Exitrealty

    Listing Agency: HAMPDEN REALTY Listing Agent: Frank Green, Jr

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Investment Opportunity on Crill

    This property presents an investment opportunity with four retail units. The layout includes three smaller storefronts and one larger space. The property is easily accessible from Crill Avenue.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Similar Places Nearby

    Ralph's House Of Flowers, LLC

    Location Insight

    • Map
    • Local Demand
    City
    Palatka
    County
    Putnam
    State
    Florida
    Longitude
    -81.6551981
    Latitude
    29.6419465

    Nearby Similar for Sale

    • New
      $499,900
      Pending

      Palatka Commercial Property on Corner Lot

      High-traffic commercial property near major retailers with flexible building layouts.
      819 S Moody Rd, Palatka, FL 32177
      View Details
    • $649,000
      2.03 Acres

      Turnkey Medical Office in Palatka

      Move-in ready medical office building in a prime location.
      200 Mission Rd, Palatka, FL 32177
      View Details
    • $669,000
      3,576 SF

      Palatka Condo Office Space

      3576 SF condo office, ideal for medical or professional use.
      205 Zeagler Dr, Palatka, FL 32177
      View Details
    • $500,000
      3,348 SF

      Palatka Historic District Office Building

      Two-story office building in Palatka's historic district.
      216 S 6Th St, Palatka, FL 32177
      View Details
    • $599,900
      7,742 SF

      Turnkey Daycare Facility on Corner Lot

      Daycare facility on 0.69-acre corner lot near downtown Palatka.
      1210 St Johns Ave, Palatka, FL 32177
      View Details
    • $1,090,000
      17,834 SF

      Palatka Commercial Property on Highway

      9.29-acre commercial property with highway frontage and industrial zoning.
      481 Highway 17, Palatka, FL 32177
      View Details
    • $500,000
      3,348 SF

      Multi-Suite Office Building in Palatka

      Multi-suite office building in the core of Palatka's business district.
      216 S 6Th St, Palatka, FL 32177
      View Details
    • New
      $299,000
      1,528 SF

      Palatka Residential-Commercial Property on 2 Acres

      2-acre property with residential and commercial potential on State Road 20.
      656 State Road 20, Palatka, FL 32177
      View Details
    • $1,100,000
      6,420 SF

      Palatka Medical Office Building

      6,420 SF medical office near HCA Florida Putnam Hospital.
      6905 Old Wolf Bay Rd, Palatka, FL 32177
      View Details
    • $499,000
      1,339 SF

      High Visibility Retail Opportunity

      Retail space with high visibility and residential property included.
      6120 Crill Ave, Palatka, FL 32177
      View Details
    • $449,000
      1,339 SF

      Palatka Commercial Property For Sale

      Commercial property with high visibility and residential income potential.
      6120 Crill Ave, Palatka, FL 32177
      View Details
    • $249,000

      Palatka Commercial Opportunity on St. Johns

      Commercial property in Palatka with high visibility and adaptable layout.
      1321 Saint Johns Ave, Palatka, FL 32177
      View Details

    FAQs

    What type of property is this?
    Storefront property - Four retail units with storefronts, easily accessible on Crill.
    Where is this storefront property located?
    The property is located at 2421 Crill Ave Palatka, FL.
    What are key features of this property?
    This property features: - Great investment opportunity; - Features three smaller storefronts; - Includes a larger retail space
    (352) 351-2118
    Request Owner's contact information
    2421 Crill Ave Palatka, FL 32177
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2421 Crill Ave
    Palatka, FL 32177
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2421 Crill Ave Palatka, FL 32177
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Frank Green, Jr
    Real Estate License ID: 3473062
    (352) 351-2118
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!