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    7351 Crill Ave Palatka, FL 32177

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    7351 Crill Ave Palatka, FL 32177

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    • Retail space
    • 756 SF
    • 0.50 lot acres
    For Sale
    $249,900
    View Listing →
    Palatka Commercial Land For Sale For Sale
    $249,900
    756 SF

    Palatka Commercial Land For Sale

    Commercial land with two buildings, ideal for offices or retail.

    7351 -7353 CRILL Avenue, Palatka, FL 32177
    View Listing
    Property ID
    US18-1467045
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 7351 Crill Ave

    Year built
    1953
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.50 lot acres
    Property size
    756 SF
    Property type
    Retail space
    APN
    09-10-26-0000-068.0-000.0
    APU
    91026000006800000

    Description

    This exceptional commercial property in Palatka, Florida, presents a unique investment opportunity. Located at 7351-7353 Crill Avenue, this .72-acre lot boasts 160 feet of frontage on the four-lane Crill Avenue (State Road 20), ensuring high visibility and accessibility. The property includes two buildings totaling 756 square feet, currently used as residential units but zoned C-2, making them ideal for conversion into offices or small retail spaces. One building, at 7353 Crill Avenue, is a 441 square foot house. The property's strategic location near the intersection of State Roads 19 and 20 offers excellent exposure to significant traffic volume. This versatile property is perfect for entrepreneurs seeking a high-traffic location to establish their business. The combined tax amount for both parcels is $1,860. Note that measurements are estimates. An adjacent parcel, 7355 Crill Ave, is also available for purchase separately. This is a rare chance to acquire a well-situated commercial property in a growing area. The asking price for this exceptional opportunity is $249,900.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Palatka
    County
    Putnam
    State
    Florida
    Longitude
    -81.7075
    Latitude
    29.6346
    CBSA code
    37260
    CBSA name
    PALATKA, FL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $990
    $0.00
    $0.00
    $40,510
    -
    $10,000
    $30,510
    $40,510

    Comparable in this City

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      619 State Rd 19

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    • Value Estimation by Request
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      733 State Rd 20

      RETAIL STORES (PERSONAL SERVICES) • 4,000 SF
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    • Value Estimation by Request
      4,400 SF

      3605 Crill Ave

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    • Value Estimation
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      7301 Crill Ave

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    • Value Estimation
      $1,805,000
      17,691 SF

      3701 Crill Ave, Unit 1

      RETAIL STORES (PERSONAL SERVICES) • 17,691 SF
      3701 Crill Ave, Palatka, FL 32177-9168
      View Details

    Similar Nearby for Sale

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      High Visibility Retail Opportunity

      Retail space with high visibility and residential property included.
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    Similar Nearby for Lease

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      Palatka Multi-Use Development Opportunity

      Prime corner location ideal for retail, medical, or professional office.
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      Downtown Palatka Retail Opportunity

      Vanilla shell retail space in high-traffic downtown location.
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      14,630 SF

      Retail Space in Maple Plaza

      14,630 SF commercial space in Palatka, Florida.
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    • $4,900 /Mo

      1024

      3600 sq ft Light Industrial Building
      1024 Fl-19 N, Palatka, FL 32177
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    View Listing
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    Palatka, FL 32177
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    7351 Crill Ave, Palatka, FL, 32177

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