Palatka Commercial Property For
6120 CRILL Avenue Palatka, FL 32177
6120 CRILL Avenue, Palatka, FL, 32177
$449,000
For Sale
$449,000
COMMERCIAL - Palatka, FL
Property Size1,339 SF
Lot Size1.83 Acres
Price / SF$335.32
Days on Market1723
Property Features for 6120 CRILL Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 101026000000800000
- Size
- 1,339 SF
- Lot size
- 1.83 Acres
Utilities
- Sewer type
- Septic Tank
- Heating system
- Central
- Water source
- Well
Building Details
- Year built
- 1960
- Building materials
- Concrete
- Roof type
- Metal
Listing Agency
COLDWELL BANKER BEN BATES INC
(386) 328-6716
3400 CRILL AVENUE SUITE 1, Palatka, FL
Listed by
MARC SPALDING · License #0475517
(386) 328-6716
Added: Nov 1, 2021 Updated: Jun 1 at 9:19 pm Checked: Jul 20 at 9:06 pm
MLS# 1139187
Listing URL
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Investment Insights
Based on property information with market context.
This commercial property is located in Palatka, Florida, and offers high visibility on a heavily traveled 4-lane highway. The property is currently used as a hair salon. It also includes a 3-bedroom, 1-bathroom concrete block home located next door. The property has multiple curb cuts and is situated near the hospital. An apartment complex is proposed across the highway. The property size is 1339 square feet, situated on a 1.83-acre lot.
Key Highlights
- High visibility location on a heavily traveled 4‑lane highway.
- Includes a 3BR/1BA concrete block home at 6126 Crill Ave.
- Multiple curb cuts for easy access.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.4k | $15.96 |
| − Vacancy | −$2.1k | −$1.56 |
| EGI | $19.3k | $14.40 |
| − OpEx | −$5.8k | −$4.32 |
| NOI | $13.5k | $10.08 |
1,339 SF · lease $15.96/SF/yr · vacancy 9.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$192.8K
$168.7K – $224.9K
NOI $13,493 @ 7.0% cap · market cap 3.01%
Second Best
Apartment 5plus
$144.1K
$126.1K – $168.1K
NOI $10,087 @ 7.0% cap · market cap 2.25%
Theoretical Best
Office A
$348.7K
$305.1K – $406.8K
NOI $24,410 @ 7.0% cap · market cap 5.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Golden Scissors Hairstyling
Hair Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Commercial property with high visibility and residential income potential.
Where is this retail space located?
The property is located at 6120 CRILL Avenue Palatka, FL.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: High visibility location on a heavily traveled 4‑lane highway.; Includes a 3BR/1BA concrete block home at 6126 Crill Ave.; Multiple curb cuts for easy access.
