Updated Coffee Shop with
For Sale
$235,000
3323 ST JOHNS Avenue, Palatka, FL 32177
Commercial Sale, Palatka, FL
Property Size1,003 SF
Lot Size0.24 Acres
Price / SF$234.30
Days on Market51
Property Features for 3323 ST JOHNS Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Parking Lot
Accessibility
Accessible Approach with Ramp
Lot features
Cleared
Directions
From State Rd 19, go east on St. Johns Ave for approximately .6 miles to property on right.
Subdivision
561-Greater Palatka
Standard status
Active
APN
111026000001220000
Size
1,003 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1804
Utilities
Sewer type
Public Sewer
Heating system
Central, Heat Pump (Heating), Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Amenities
wired security system
exterior security lighting
fenced backyard
Building Details
Year built
1950
Floors in Building
1
Flooring type
Vinyl
Building materials
Frame, Wood Siding
Roof type
Metal
Listing Agency:
KELLER WILLIAMS REALTY ATLANTIC PARTNERS ST. AUGUSTINE
(904) 797-7442
Listed By:
FRANK PEREZ-ANDREU · License #3299624
(904) 501-9896
Added: Jul 15
Changed: Aug 19
Last Checked: Sep 3 at 10:06AM
MLS# 2155430
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 1,003-square-foot commercial building, constructed in 1950, is currently operated as a coffee and wine bar. The property includes a kitchen, bathroom, central HVAC, vinyl flooring, a metal roof, and recent improvements to the electrical system, kitchen, bathroom, HVAC system, and tankless water heater. An outdoor patio and fenced backyard extend the usable property area, while a ramp provides an accessible approach.
The property occupies 0.24 acres at 3323 St Johns Avenue in Palatka, Florida. Public water and sewer serve the site, which also includes a parking lot. C-1A Neighborhood Commercial zoning permits approved commercial purposes including professional or business offices, service establishments, and medical or dental offices.
Additional features include a wired security system, exterior security lighting, and a large illuminated steel sign frame for business signage.
The property occupies 0.24 acres at 3323 St Johns Avenue in Palatka, Florida. Public water and sewer serve the site, which also includes a parking lot. C-1A Neighborhood Commercial zoning permits approved commercial purposes including professional or business offices, service establishments, and medical or dental offices.
Additional features include a wired security system, exterior security lighting, and a large illuminated steel sign frame for business signage.
Key Highlights
- 1,003 square feet on a 0.24‑acre parcel
- C‑1A Neighborhood Commercial zoning
- Currently operated as a coffee and wine bar
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,125
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$222,500
$222.5K
Cap Rate 7%
$158,929
$158.9K
Cap Rate 9%
$123,611
$123.6K
Market Conditions
NOI Build-Up for 1,003 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$15.6K $15.60/SF
− Vacancy
−$814 −$0.81/SF
EGI
$14.8K $14.79/SF
− OpEx
−$3.7K −$3.70/SF
NOI
$11.1K $11.09/SF
Area
Putnam County, FL
Vacancy
5.20%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$222,500
Cap Rate 7%
$158,929
Cap Rate 9%
$123,611
Alternative Uses
Best Use
Specialty Retail
$158.9K
$139.1K – $185.4K
NOI $11,125 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$261.2K
$228.6K – $304.8K
NOI $18,285 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
586
Businesses Nearby
Well-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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Ellianos Coffee — 801 FL-19, Palatka, FL 32177
- Palatka Coffee Co. — 3711 Crill Ave, Palatka, FL 32177
- Scooter's Coffee — 628 S State Rd 19, Palatka, FL 32177
- Circle K — 624 fl-19, palatka, fl 32177
- Sweepstakes — 3204 Crill Ave, Palatka, FL 32177
Frequently Asked Questions
What type of property is this?
Coffee shop - C-1A Neighborhood Commercial zoning supports approved office, service, and medical uses.
Where is this coffee shop located?
The property is located at 3323 ST JOHNS Avenue Palatka, FL.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 1,003 square feet on a 0.24‑acre parcel; C‑1A Neighborhood Commercial zoning; Currently operated as a coffee and wine bar
