Flex Building with Drive-In
1321 St Johns Avenue, Palatka, FL 32177
For Sale
$299,000
Commercial Sale, Palatka, FL
Property Size2,110 SF
Lot Size0.23 Acres
Price / SF$141.71
Days on Market155
Property Features for 1321 St Johns Avenue
General Information
Property type
Property subtype
Zoning
Lot features
Directions
Standard status
APN
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Cooling system
Water source
Building Details
Year built
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
CENTURY 21 J.W.MORTON R.E. · Century 21 Real Estate
(352) 726-6668
Listed By:
Rich Fernley
(352) 464-2664
Added: Jun 8
Changed: Nov 9
Last Checked: Nov 9 at 4:06AM
MLS# CC855355
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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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. A secured concrete-block room offers additional workspace or storage, and parking is available beside the warehouse entrance. Concrete aprons along the north and east sides connect to unpaved areas used for parking or storage. The front portion of the building received a new TPO roof in 2025.
The property has approximately 200 feet of corner frontage on St. Johns Avenue, 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 site is in Palatka, between the Central Business District and Midtown. The building was constructed in 1957 and has public water and sewer.
The property has approximately 200 feet of corner frontage on St. Johns Avenue, 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 site is in Palatka, between the Central Business District and Midtown. The building was constructed in 1957 and has public water and sewer.
Key Highlights
- 2,110‑square‑foot flex building with office/showroom and warehouse/shop areas
- Approximately 200 feet of corner frontage on St. Johns Avenue
- One block from US 17/SR 100, with a 2025 FDOT count of approximately 25,500 AADT
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
Yes
Highway access
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 and shop space, with ground-level loading and adjacent parking and storage areas.
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 building with office/showroom and warehouse/shop areas; Approximately 200 feet of corner frontage on St. Johns Avenue; One block from US 17/SR 100, with a 2025 FDOT count of approximately 25,500 AADT
