Medical Office Building with Imaging
6905 OLD WOLF BAY Road Palatka, FL 32177
For Sale
$980,000
COMMERCIAL - Palatka, FL
Property Size6,420 SF
Lot Size1.02 Acres
Price / SF$152.65
Days on Market244
Property Features for 6905 OLD WOLF BAY Road
General Information
Property type
Commercial Sale
Property subtype
Office
Bathrooms
5
Rooms
Bathroom 3, Bathroom 5, Bathroom 2, Bathroom 4, Bathroom 1
Parking features
Parking Lot
Accessibility
Accessible Approach with Ramp
Standard status
Active
APN
101026000003500030
Size
6,420 SF
Lot size
1.02 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
18250
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1997
Floors in Building
1
Flooring type
Vinyl, Carpet
Building materials
Brick
Listing Agency:
COLDWELL BANKER BEN BATES INC
(386) 328-6716
Listed By:
MARC SPALDING · License #0475517
(386) 328-6716
Added: Nov 25, 2025
Changed: Jul 16
Last Checked: Jul 27 at 8:06PM
MLS# 2120057
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 medical office building totals 6,420 square feet and is currently set up for diagnostic imaging use. The interior layout includes a lobby/receptionist area, exam room, physician offices, break room, nurses’ station, and multiple clinical support spaces. Dedicated imaging rooms include MRI, CT scan, X-ray, and bone density and mammography rooms, along with a consultation room. Additional conveniences include two dressing rooms, five bathrooms, and storage for equipment or supplies. The property is served by public water and sewer and features commercial-grade carpet and vinyl flooring, plus a wet fire sprinkler system.
The building is located at 6905 Old Wolf Bay Road in Palatka, just southwest of HCA Florida Putnam Hospital, within an established medical area. It sits on 1.02 +/- acres with 150 feet of road frontage.
Zoned C-1A (Commercial, Neighborhood District), the property allows retail, medical, and professional office uses, supporting medical-focused tenant needs with established infrastructure and clinical room layout.
The building is located at 6905 Old Wolf Bay Road in Palatka, just southwest of HCA Florida Putnam Hospital, within an established medical area. It sits on 1.02 +/- acres with 150 feet of road frontage.
Zoned C-1A (Commercial, Neighborhood District), the property allows retail, medical, and professional office uses, supporting medical-focused tenant needs with established infrastructure and clinical room layout.
Key Highlights
- 6,420 SF medical office building currently used as Putnam Diagnostic Imaging Center
- Located just SW of HCA Florida Putnam Hospital in a well‑established medical district
- 1.02 +/- acres with 150 ft of road frontage
Financial Insights For Healthcare Medical
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 | $161.8k | $25.20 |
| − Vacancy | −$17.0k | −$2.65 |
| EGI | $144.8k | $22.55 |
| − OpEx | −$57.9k | −$9.02 |
| NOI | $86.9k | $13.53 |
6,420 SF · lease $25.20/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.24M
$1.09M – $1.45M
NOI $86,878 @ 7.0% cap · market cap 8.87%
Second Best
Office B
$1.19M
$1.04M – $1.39M
NOI $83,533 @ 7.0% cap · market cap 8.52%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $117,036 @ 7.0% cap · market cap 11.94%
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?
Medical center - Medical office building with dedicated MRI, CT, and X-ray rooms, located in a commercial neighborhood district.
Where is this medical center located?
The property is located at 6905 OLD WOLF BAY Road Palatka, FL.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: 6,420 SF medical office building currently used as Putnam Diagnostic Imaging Center; Located just SW of HCA Florida Putnam Hospital in a well‑established medical district; 1.02 +/- acres with 150 ft of road frontage
