Commercial Land on Crill
7351 -7353 CRILL Avenue Palatka, FL 32177
For Sale
$249,900
Commercial land ideal for offices or retail shops.
Property Size756 SF
Lot Size0.72 Acres
Price / SF$330.56
Days on Market555
Property Features for 7351 -7353 CRILL Avenue
General Information
Standard status
Active
Size
756 SF
Lot size
0.72 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1953
Listing Agency:
CENTURY 21 BECKHAM REALTY
(386) 546-5269
Listed By:
TEDRA BECKHAM PHILIPS · License #0499506
(386) 546-5269
Source:
Exitrealty
Added: Jan 20, 2025
Changed: Jul 6
Last Checked: May 20 at 1:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 BECKHAM REALTY
Investment Insights
Based on property information with market context.
Two buildings currently used for residential purposes are situated on a 0.72-acre parcel zoned C-2 within the city. The property features 160 feet of frontage on Crill Avenue/State Road 20, a four-lane thoroughfare. The listing includes an additional 441-square-foot house, also zoned C2 but used as a residence. The property is suitable for offices or small retail shops. An adjoining parcel at 7355 Crill Avenue is also available. Measurements are estimated.
Key Highlights
- Zoned C‑2, ideal for offices or small retail shops.
- Located on high‑traffic 4‑lane Crill Avenue/State Rd. 20 with 160 ft. frontage.
- Total of .72 acres.
Financial Insights For Office B
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 | $16.6k | $21.96 |
| − Vacancy | −$3.5k | −$4.61 |
| EGI | $13.1k | $17.35 |
| − OpEx | −$3.3k | −$4.34 |
| NOI | $9.8k | $13.01 |
756 SF · lease $21.96/SF/yr · vacancy 21.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$140.5K
$123.0K – $164.0K
NOI $9,837 @ 7.0% cap · market cap 3.94%
Second Best
Retail
$108.8K
$95.2K – $127.0K
NOI $7,618 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$196.9K
$172.3K – $229.7K
NOI $13,782 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Commercial land - Commercial land ideal for offices or retail shops.
Where is this commercial land located?
The property is located at 7351 -7353 CRILL Avenue Palatka, FL.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Zoned C‑2, ideal for offices or small retail shops.; Located on high‑traffic 4‑lane Crill Avenue/State Rd. 20 with 160 ft. frontage.; Total of .72 acres.
