Medical Office
For Sale
$980,000
6905 Old Wolf Bay Road, Palatka, FL 32177
Medical office building on 1.02 acres with 150 ft of road frontage in C-1A zoning.
Property Size6,420 SF
Lot Size1.02 Acres
Price / SF$152.65
Days on Market249
Property Features for 6905 Old Wolf Bay Road
General Information
Standard status
Active
Size
6,420 SF
Lot size
1.02 Acres
Property subtype
Commercial
Zoning
C-1A
Additional Details
Utilities to Site
Yes
Sprinkler System
Yes
Building Details
Building Size
6,420 SF
Year Built
1997
Buildings
1
Abandoned
No
Listing Agency:
COLDWELL BANKER BEN BATES INC
(386) 328-6716
Listed By:
MARC SPALDING · License #0475517
(386) 328-6716
Source:
Modernrealtyputnam
Added: Nov 25, 2025
Changed: Jul 31
Last Checked: Jul 31 at 5:55AM
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
Investment Insights
Based on property information with market context.
This medical office building is currently used as the Putnam Diagnostic Imaging Center and totals 6,420 SF. The interior layout includes a lobby/receptionist area, exam room, physician offices, break room, nurses’ station, MRI room, CT scan room, X-ray room, bone density room, and mammography room. Additional space includes two dressing rooms, five bathrooms, a consultation room, and storage for equipment or supplies. The building features public water/sewer, commercial-grade carpet and vinyl flooring, and a wet fire sprinkler system. It was built in 1997.
The property sits on 1.02 +/- acres with 150 ft of road frontage, located just SW of HCA Florida Putnam Hospital in a well-established medical district. The site is zoned C-1A (Commercial, Neighborhood District), which allows retail, medical, and professional office uses.
With imaging-focused rooms and a tenant-ready medical office layout, the space is well suited for medical professionals seeking proximity to a major healthcare facility.
The property sits on 1.02 +/- acres with 150 ft of road frontage, located just SW of HCA Florida Putnam Hospital in a well-established medical district. The site is zoned C-1A (Commercial, Neighborhood District), which allows retail, medical, and professional office uses.
With imaging-focused rooms and a tenant-ready medical office layout, the space is well suited for medical professionals seeking proximity to a major healthcare facility.
Key Highlights
- Putnam Diagnostic Imaging Center medical office use with imaging rooms including MRI, CT, X‑ray, bone density, and mammography
- 6,420 SF building with lobby/reception, exam room, physician offices, nurses’ station, and consultation room
- 1.02 +/- acres with 150 ft of road frontage in a well‑established medical district
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
—
—
no second resolved use
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
Current Use
Lease Details
Yes
Sprinkler system
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
325
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Medical office building on 1.02 acres with 150 ft of road frontage in C-1A zoning.
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: Putnam Diagnostic Imaging Center medical office use with imaging rooms including MRI, CT, X‑ray, bone density, and mammography; 6,420 SF building with lobby/reception, exam room, physician offices, nurses’ station, and consultation room; 1.02 +/- acres with 150 ft of road frontage in a well‑established medical district
