Flex Space with Drive-In
For Sale
$299,000
1321 St Johns Avenue, Palatka, FL 32177
CommercialSale, Palatka, FL
Property Size2,110 SF
Lot Size0.23 Acres
Price / SF$141.71
Days on Market150
Property Features for 1321 St Johns Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
Out of County
Parking features
Paved or Surfaced
Interior features
FirstFloorEntry
Subdivision
Not on List
Lot features
Cleared, Corner Lot, Flat
Directions
US Hwy 17/SR 101 West, make left onto N. 13th St., make right onto St Johns Ave. Asset is on the left.
Standard status
Active
APN
160718 / 2
Lot size
0.23 Acres
Site & Location
Corner Location
Yes
Mixed-Use Components
office, warehouse
Additional Details
Property Use
Flex
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1717
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1957
Floors in Building
1
Flooring type
Concrete, Vinyl
Building materials
Brick, Block, Concrete
Roof type
Metal
Buildings
1
Listing Agency:
Century 21 J.W.Morton R.E. · Century 21 Real Estate
(352) 726-6668
Listed By:
Richard Fernley · License #3602811
(352) 464-2664
Added: Jun 8
Changed: Oct 24
Last Checked: Nov 4 at 7:06AM
MLS# 855355
Copyright © 2026 REALTORS Association of Citrus County, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,110-square-foot flex property combines office and showroom space with a warehouse and shop area. Oversized sliding doors provide drive-in access and ground-level loading, while a secure concrete block room offers additional workspace or storage. Paved parking sits beside the warehouse entrance, with additional unpaved parking and storage areas along the building. A new TPO roof was installed on the front portion in 2025.
The property occupies a corner along St. Johns Avenue, between Palatka’s Central Business District and Midtown. It is one block from the US 17/SR 100 corridor. The 2025 FDOT traffic count is 8,100 AADT on St. Johns Avenue and approximately 25,500 AADT on US 17/SR 100.
The property occupies a corner along St. Johns Avenue, between Palatka’s Central Business District and Midtown. It is one block from the US 17/SR 100 corridor. The 2025 FDOT traffic count is 8,100 AADT on St. Johns Avenue and approximately 25,500 AADT on US 17/SR 100.
Key Highlights
- 2,110‑square‑foot flex property with office/showroom and warehouse/shop areas
- 0.23‑acre site with approximately +/-200 feet of corner frontage on St. Johns Avenue
- Oversized sliding doors provide drive‑in access and ground‑level loading
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,205
Cap Rate
8.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,100
$484.1K
Cap Rate 7%
$345,786
$345.8K
Cap Rate 9%
$268,944
$268.9K
Market Conditions
NOI Build-Up for 2,110 SF
Gross rent
$36.2K $17.16/SF
− Vacancy
−$1.6K −$0.77/SF
EGI
$34.6K $16.39/SF
− OpEx
−$10.4K −$4.92/SF
NOI
$24.2K $11.47/SF
Area
Putnam County, FL
Vacancy
4.50%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,100
Cap Rate 7%
$345,786
Cap Rate 9%
$268,944
Alternative Uses
Best Use
Warehouse
$419.9K
$367.4K – $489.9K
NOI $29,392 @ 7.0% cap · market cap 9.83%
Second Best
Industrial
$345.8K
$302.6K – $403.4K
NOI $24,205 @ 7.0% cap · market cap 8.10%
Theoretical Best
Office A
$549.5K
$480.8K – $641.1K
NOI $38,465 @ 7.0% cap · market cap 12.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
8,100 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
678
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32177, FL
25,380
Population
11,549
Households
2.2
Avg Household Size
42
Median Age
13%
College-Educated
86%
High-School Grad
226.8 sq mi
ZIP Area
112
Density / Sq Mi
$47,486
Median Household Income
$35,451
Median Earnings
$940
Median Rent
$158,800
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Office and showroom areas connect with warehouse space, ground-level loading, and adjacent paved parking.
Where is this flex space located?
The property is located at 1321 St Johns Avenue Palatka, FL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 2,110‑square‑foot flex property with office/showroom and warehouse/shop areas; 0.23‑acre site with approximately +/-200 feet of corner frontage on St. Johns Avenue; Oversized sliding doors provide drive‑in access and ground‑level loading
