Retail
820 REID Street, Palatka, FL 32177
For Sale
New
$3,200,000
The existing building offers 24,624 square feet for continued retail use or potential repositioning.
Property Size25,557 SF
Lot Size2.20 Acres
Price / SF$125.21
Days on Market6
Property Features for 820 REID Street
General Information
Standard status
Size
Lot size
Zoning
Additional Details
Road Access
Land Use
Taxes and HOA fees
Annual Taxes
Amenities
Additional Parking, Parking Lot
Building Details
Year Built
Buildings
Stories
Listing Agency:
NORTH FLORIDA REALTY ADVISORS
Listed By:
STANLEY H BISHOP · License FL #3131038
(904) 237-2933
Source:
Evrealestate
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 10 at 8:49AM
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 NORTH FLORIDA REALTY ADVISORS
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property includes a 24,624-square-foot retail building constructed in 1973. Its existing space may support continued retail operations, repositioning, or other commercial applications, subject to applicable approvals.
Located on Reid Street in Palatka, the property is near the downtown area and the St. Johns River waterfront. The approximately 2.2-acre site may also be considered for new commercial or mixed-use development, subject to zoning, site planning, and governmental approvals.
Located on Reid Street in Palatka, the property is near the downtown area and the St. Johns River waterfront. The approximately 2.2-acre site may also be considered for new commercial or mixed-use development, subject to zoning, site planning, and governmental approvals.
Key Highlights
- 24,624‑square‑foot retail building
- Built in 1973
- Approximately 2.2‑acre site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$257,542
Cap Rate
8.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,150,840
$5.2M
Cap Rate 7%
$3,679,171
$3.7M
Cap Rate 9%
$2,861,578
$2.9M
Market Conditions
NOI Build-Up for 25,557 SF
Gross rent
$407.9K $15.96/SF
− Vacancy
−$40.0K −$1.56/SF
EGI
$367.9K $14.40/SF
− OpEx
−$110.4K −$4.32/SF
NOI
$257.5K $10.08/SF
Area
Putnam County, FL
Vacancy
9.80%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,150,840
Cap Rate 7%
$3,679,171
Cap Rate 9%
$2,861,578
Alternative Uses
Best Use
Retail
$3.68M
$3.22M – $4.29M
NOI $257,542 @ 7.0% cap · market cap 8.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.66M
$5.82M – $7.77M
NOI $465,902 @ 7.0% cap · market cap 14.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
738
Businesses Nearby
11k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 79%
Dining 21%
Dollar General
Shops & Services
5,557 visits/mo
0.1 miles
SUBWAY
Dining
2,293 visits/mo
0.5 miles
Ameris Bank
Shops & Services
1,998 visits/mo
0.2 miles
Enterprise Rent-A-Car
Shops & Services
1,214 visits/mo
0.2 miles
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
$158,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Putnam County, FL
Properties on Market for Retail space in Putnam County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The existing building offers 24,624 square feet for continued retail use or potential repositioning.
Where is this retail space located?
The property is located at 820 REID Street Palatka, FL.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 24,624‑square‑foot retail building; Built in 1973; Approximately 2.2‑acre site
