Equipped Retail
New
For Sale
$249,900
2021 REID Street, Palatka, FL 32177
Commercial Sale, Palatka, FL
Property Size1,475 SF
Lot Size0.52 Acres
Price / SF$169.42
Days on Market6
Property Features for 2021 REID Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Parking Lot
Lot features
Irregular Lot
Directions
Travel West on Reid St (Hwy 17) from Memorial Bridge. Destination is on the Left.
Subdivision
561-Greater Palatka
Standard status
Active
APN
371026685037300010
Size
1,475 SF
Lot size
0.52 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1926
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1960
Floors in Building
1
Building materials
Concrete
Roof type
Metal
Listing Agency:
COLDWELL BANKER BEN BATES INC · Coldwell Banker Real Estate
(386) 328-6716
Listed By:
CHRISTOPHER CHASE BARNES · License #3442369
(386) 385-4404
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 7 at 1:06PM
MLS# 2167683
Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding 1,475-square-foot retail building has an open sales floor and equipment for food preparation and refrigerated display. Included features are a walk-in cooler and freezer, refrigerated display cases, reach-in coolers, a commercial ice machine, stainless work tables and prep sinks, plus a stainless exhaust hood with fire suppression. Concrete block construction, a metal roof, central heating and central air condition the building. A bathroom is also present.
The property fronts four-lane Reid Street, also identified as Highway 17, in Palatka. The stated daily traffic volume is approximately 25,500 vehicles. C-2 zoning, a paved parking lot, public water and sewer, and natural gas availability are additional site details.
The property fronts four-lane Reid Street, also identified as Highway 17, in Palatka. The stated daily traffic volume is approximately 25,500 vehicles. C-2 zoning, a paved parking lot, public water and sewer, and natural gas availability are additional site details.
Key Highlights
- 1,475‑square‑foot freestanding retail building
- Frontage on four‑lane Reid Street/Highway 17; approximately 25,500 vehicles per day
- Food‑service equipment includes walk‑in cooler and freezer, display cases, ice machine, hood and fire suppression
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,864
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,280
$297.3K
Cap Rate 7%
$212,343
$212.3K
Cap Rate 9%
$165,156
$165.2K
Market Conditions
NOI Build-Up for 1,475 SF
Gross rent
$23.5K $15.96/SF
− Vacancy
−$2.3K −$1.56/SF
EGI
$21.2K $14.40/SF
− OpEx
−$6.4K −$4.32/SF
NOI
$14.9K $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%
$297,280
Cap Rate 7%
$212,343
Cap Rate 9%
$165,156
Alternative Uses
Best Use
Retail
$212.3K
$185.8K – $247.7K
NOI $14,864 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$384.1K
$336.1K – $448.2K
NOI $26,889 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
25,500 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
449
Businesses Nearby
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
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
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Frequently Asked Questions
What type of property is this?
Retail space - The open sales area includes commercial food-preparation and refrigeration equipment, with C-2 zoning and on-site parking.
Where is this retail space located?
The property is located at 2021 REID Street 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: 1,475‑square‑foot freestanding retail building; Frontage on four‑lane Reid Street/Highway 17; approximately 25,500 vehicles per day; Food‑service equipment includes walk‑in cooler and freezer, display cases, ice machine, hood and fire suppression
