Automotive Property with
228 S US Highway 17, East Palatka, FL 32131
For Sale
Contact for pricing
C-2 zoning and an existing automotive sales and rental operation support commercial use, subject to county approval.
Property Size5,000 SF
Lot Size2.00 Acres
Price / SF$400
Days on Market25
Property Features for 228 S US Highway 17
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Traffic Count
Highway Access
Road Access
Additional Details
Automotive Uses
Real Estate Included
Amenities
showroom
office space
warehouse
four roll-up doors
highway frontage
Building Details
Buildings
Listing Agency:
MAXREV | Commercial Division
Listed By:
Karl Vierck · License FL #3436972
(904) 669-5284
Source:
Crexi
Added: Oct 16
Changed: Nov 8
Last Checked: Nov 8 at 6:09PM
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 MAXREV | Commercial Division
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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.
The property includes a 5,000-square-foot commercial building on approximately 2.0 acres. About 2,800 square feet is configured for showroom and office space, with a connected 2,200-square-foot warehouse featuring four roll-up doors. The site has an established automotive sales and rental use and C-2 Commercial Retail zoning; other operations remain subject to zoning requirements and county approval.
Along US Highway 17, the site has approximately 440 feet of frontage and an FDOT-reported average annual daily traffic count of approximately 35,500 vehicles. The owner may also negotiate a separate sale of the operating business, FF&E, and inventory; those assets are not part of the real estate offering.
Along US Highway 17, the site has approximately 440 feet of frontage and an FDOT-reported average annual daily traffic count of approximately 35,500 vehicles. The owner may also negotiate a separate sale of the operating business, FF&E, and inventory; those assets are not part of the real estate offering.
Key Highlights
- 5,000 SF building on approximately 2.0 acres
- Approximately 2,800 SF of showroom and office space plus 2,200 SF of connected warehouse
- Warehouse has four roll‑up doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,648
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,392,960
$1.4M
Cap Rate 7%
$994,971
$995.0K
Cap Rate 9%
$773,867
$773.9K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$85.8K $17.16/SF
− Vacancy
−$3.9K −$0.77/SF
EGI
$81.9K $16.39/SF
− OpEx
−$12.3K −$2.46/SF
NOI
$69.6K $13.93/SF
Area
Putnam County, FL
Vacancy
4.50%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,392,960
Cap Rate 7%
$994,971
Cap Rate 9%
$773,867
Alternative Uses
Best Use
Warehouse
$995.0K
$870.6K – $1.16M
NOI $69,648 @ 7.0% cap · market cap 3.48%
Second Best
Industrial
$819.4K
$717.0K – $956.0K
NOI $57,357 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,150 @ 7.0% cap · market cap 4.56%
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
35,500 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
204
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32131, FL
4,806
Population
2,153
Households
2.2
Avg Household Size
45
Median Age
17%
College-Educated
81%
High-School Grad
35.8 sq mi
ZIP Area
134
Density / Sq Mi
$66,580
Median Household Income
$34,474
Median Earnings
$998
Median Rent
$222,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Automotive property - C-2 zoning and an existing automotive sales and rental operation support commercial use, subject to county approval.
Where is this automotive property located?
The property is located at 228 S US Highway 17 East Palatka, FL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 5,000 SF building on approximately 2.0 acres; Approximately 2,800 SF of showroom and office space plus 2,200 SF of connected warehouse; Warehouse has four roll‑up doors
