Mixed-Use Property with Adjacent
For Sale
$399,900
6120 Crill Avenue, Palatka, FL 32177
The offering pairs a hair salon with a neighboring three-bedroom, one-bath residence.
Property Size1,339 SF
Price / SF$298.66
Days on Market1825
Property Features for 6120 Crill Avenue
General Information
Standard status
Active
Size
1,339 SF
Property subtype
Commercial
Additional Details
Road Access
Yes
Building Details
Building Size
1,339 SF
Year Built
1960
Listing Agency:
COLDWELL BANKER BEN BATES INC
Listed By:
BEN BATES · License #0138953
(386) 328-6716
Source:
Ajrealtygroupfl
Added: Nov 1, 2021
Changed: Oct 26
Last Checked: Oct 29 at 7:33AM
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 COLDWELL BANKER BEN BATES INC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use offering includes a commercial space currently operated as a hair salon and a concrete-block residence next door. The home has three bedrooms and one bathroom and is located at 6126 Crill Ave. The commercial property was built in 1960.
The properties front a four-lane highway and are near a hospital. A proposed apartment complex is situated across the highway. The commercial site also has multiple curb cuts.
The properties front a four-lane highway and are near a hospital. A proposed apartment complex is situated across the highway. The commercial site also has multiple curb cuts.
Key Highlights
- Commercial space is currently used as a hair salon
- Includes a neighboring concrete‑block home with 3 bedrooms and 1 bathroom
- Commercial property was built in 1960
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,493
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,860
$269.9K
Cap Rate 7%
$192,757
$192.8K
Cap Rate 9%
$149,922
$149.9K
Market Conditions
NOI Build-Up for 1,339 SF
Gross rent
$21.4K $15.96/SF
− Vacancy
−$2.1K −$1.56/SF
EGI
$19.3K $14.40/SF
− OpEx
−$5.8K −$4.32/SF
NOI
$13.5K $10.08/SF
Area
Putnam County, FL
Vacancy
9.80%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,860
Cap Rate 7%
$192,757
Cap Rate 9%
$149,922
Alternative Uses
Best Use
Retail
$192.8K
$168.7K – $224.9K
NOI $13,493 @ 7.0% cap · market cap 3.37%
Second Best
Mixed Use
$167.9K
$146.9K – $195.8K
NOI $11,750 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$348.7K
$305.1K – $406.8K
NOI $24,410 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
641
Businesses Nearby
118k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 72%
Dining 12%
Shops & Services 11%
Electronics 5%
Walmart
Superstores
85,037 visits/mo
0.3 miles
Chili's Grill & Bar
Dining
14,350 visits/mo
0.4 miles
Murphy USA
Shops & Services
8,703 visits/mo
0.5 miles
Capital City Bank
Shops & Services
2,570 visits/mo
0.4 miles
AT&T
Electronics
2,328 visits/mo
0.5 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The offering pairs a hair salon with a neighboring three-bedroom, one-bath residence.
Where is this mixed-use property located?
The property is located at 6120 Crill Avenue Palatka, FL.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Commercial space is currently used as a hair salon; Includes a neighboring concrete‑block home with 3 bedrooms and 1 bathroom; Commercial property was built in 1960
