Mixed-Use Commercial
For Sale
$449,900
600 Reid St, Palatka, FL 32177
C-2-zoned building combines finished retail space with warehouse capacity, public utilities, and designated off-street parking.
Property Size4,400 SF
Price / SF$102.25
Days on Market78
Property Features for 600 Reid St
General Information
Standard status
Active
Size
4,400 SF
Property subtype
Commercial
Zoning
C-2
Site & Location
Traffic Count
35,000 vehicles/day
Utilities to Site
Yes
Additional Details
Warehouse Space
3,000 SF
Building Details
Year Built
1985
Building Size
4,400 SF
Listing Agency:
COLDWELL BANKER BEN BATES INC
Listed By:
CHRISTOPHER CHASE BARNES · License #3442369
(386) 385-4404
Source:
Viewhomesonameliaisland
Added: Aug 2
Changed: Oct 1
Last Checked: Oct 16 at 9:35AM
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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Investment Insights
Based on property information with market context.
This 4,400-square-foot mixed-use commercial building, constructed in 1985, combines 1,400 square feet of finished retail frontage with 3,000 square feet of warehouse area. The layout supports a range of retail, light commercial, storage, service, and hybrid configurations within one property. C-2 zoning is in place, along with public utilities and designated off-street parking.
The property occupies a corner location along Reid Street, with access from a city road and state road. Reported traffic volume is 31,000–35,000 vehicles per day based on AADT. The site is in Putnam and sits along the commercial corridor connecting traffic across the St. Johns River.
The property occupies a corner location along Reid Street, with access from a city road and state road. Reported traffic volume is 31,000–35,000 vehicles per day based on AADT. The site is in Putnam and sits along the commercial corridor connecting traffic across the St. Johns River.
Key Highlights
- 4,400‑square‑foot mixed‑use commercial building
- 1,400 square feet of finished retail frontage
- 3,000 square feet of warehouse area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,610
Cap Rate
8.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$772,200
$772.2K
Cap Rate 7%
$551,571
$551.6K
Cap Rate 9%
$429,000
$429.0K
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$68.6K $15.60/SF
− Vacancy
−$6.9K −$1.56/SF
EGI
$61.8K $14.04/SF
− OpEx
−$23.2K −$5.27/SF
NOI
$38.6K $8.77/SF
Area
Putnam County, FL
Vacancy
10.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$772,200
Cap Rate 7%
$551,571
Cap Rate 9%
$429,000
Alternative Uses
Best Use
Warehouse
$875.6K
$766.1K – $1.02M
NOI $61,290 @ 7.0% cap · market cap 13.62%
Second Best
Industrial
$721.1K
$630.9K – $841.2K
NOI $50,474 @ 7.0% cap · market cap 11.22%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,212 @ 7.0% cap · market cap 17.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
35,000 VPD
Traffic count
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
685
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
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - C-2-zoned building combines finished retail space with warehouse capacity, public utilities, and designated off-street parking.
Where is this mixed-use property located?
The property is located at 600 Reid St Palatka, FL.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 4,400‑square‑foot mixed‑use commercial building; 1,400 square feet of finished retail frontage; 3,000 square feet of warehouse area
