Palatka Commercial Property For
6120 CRILL Avenue Palatka, FL 32177
For Sale
$449,000
COMMERCIAL - Palatka, FL
Property Size1,339 SF
Lot Size1.83 Acres
Price / SF$335.32
Days on Market1732
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
Listed By:
MARC SPALDING · License #0475517
(386) 328-6716
Added: Nov 1, 2021
Changed: Jun 1
Last Checked: Jul 29 at 9:06AM
MLS# 1139187
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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.
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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.
