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    The Largest CRE Database in the US with Over 1 Million Listings

    8701 Salem Rd Quincy, FL 32352

    Sponsored
    For Sale
    $1,400,000

    COMMERCIAL - Quincy, FL

    Lot size:
    43.34 Acres
    Days on Market:
    18
    Last Refresh:
    Jan 27 at 3:06 pm

    Property Features for 8701 Salem Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security
    APN
    12039-2-02-3N-3W-0000-00331-0300
    Parking features
    Fenced
    Exterior features
    Storage
    Fencing
    Fenced
    Lot size
    43.34 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Central, Propane (Heating)
    Cooling system
    Central Air, Ceiling Fan(s)
    Water source
    Well

    Building Details

    Roof type
    Metal
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Cristina Garcia
    Cristina Garcia

    Coldwell Banker Hartung and Noblin (850) 386-6160

    Listing agent Cristina Garcia (850) 386-6160 License #3374825

    Listing date Jan 10, 2026

    MLS# 393803

    Copyright © 2026 Tallahassee Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Dual-Parcel Estate with Income Potential

    This extraordinary 43.34-acre estate comprises two parcels, offering privacy, versatility, and income potential. The main residence, located at 8701 Salem Rd, features a 3,560 square foot luxury home situated on 23.34 acres. The home includes three bedrooms, three bathrooms, a study, a pool, and two fireplaces. A 620 square foot heated and cooled two-car garage is attached, along with a dedicated 350 square foot fitness studio. The property is fully fenced and enhanced by a tranquil fishpond. It is equipped with two private wells and includes a thoughtfully designed in-law or guest suite with a full kitchen and living space. The adjacent 20-acre parcel, located at 8583 Salem Rd, features a two-bedroom, two-bathroom income-producing cottage currently operating as a short-term rental, with room for expansion. This North Florida estate offers agricultural acreage, luxury living, and immediate income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    5F Soccer League Association / Organization Level Up Fútbol Soccer Club

    Suggested Use

    Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Quincy
    County
    Gadsden
    State
    Florida
    Longitude
    -84.510268
    Latitude
    30.682036

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    FAQs

    What type of property is this?
    Farm - 43.34-acre estate with luxury home and income-producing cottage.
    Where is this farm located?
    The property is located at 8701 Salem Rd Quincy, FL.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: - 43.34-acre dual-parcel estate offering privacy and versatility.; - Enjoy the **3,560 SF luxury main residence** with 3BR/3BA, study, pool, and fitness studio on 23.34 acres.; - Income-producing 2BR/2BA cottage operating as a short-term rental on the adjacent 20-acre parcel.
    (786) 295-0149
    Request Owner's contact information
    8701 Salem Rd Quincy, FL 32352
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    Quincy, FL 32352
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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.

    More about this property
    8701 Salem Rd Quincy, FL 32352
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    We can help!
    Listing Contact
    Cristina Garcia
    Cristina Garcia
    Real Estate License ID: 3374825
    (786) 295-0149
    Learn more
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