Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    890 Drake Acres Rd Quincy, FL 32351

    Sponsored
    For Sale
    $39,000

    LAND - Quincy, FL

    Lot size:
    0.57 Acres
    Days on Market:
    22
    Last Refresh:
    Jan 28 at 4:06 pm

    Property Features for 890 Drake Acres Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Vegetation
    Cleared, Wooded
    APN
    12039-6-02-1S-4W-0000-00214-1300
    Lot size
    0.57 Acres

    Utilities

    Sewer type
    Septic Tank
    Water source
    Public

    We can help!

    Listing Contact
    Justin Peel
    Justin Peel

    Maclay Realty & Management, LLC (850) 519-8621

    Listing agent Justin Peel (850) 519-8621 License #3132867

    Listing date Jan 7, 2026

    MLS# 393937 Listing URL

    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

    Residential Lot Near Lake Talquin

    This vacant residential lot, approximately 0.57 acres, is located in Quincy, Florida. It is situated just minutes from Lake Talquin and a boat ramp, offering opportunities for fishing and recreational boating. The property is intended for residential use as a future getaway.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Spa & Massage Hair Salon Nail Salon Electronics Store Seafood Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Quincy
    County
    Gadsden
    State
    Florida
    Longitude
    -84.60444471
    Latitude
    30.43057939

    Nearby Similar for Sale

    • $1,400,000
      43.34 Acres

      Dual-Parcel Estate with Income Potential

      43.34-acre estate with luxury home and income-producing cottage.
      8701 Salem Rd, Quincy, FL 32352
      View Details
    • $699,000
      7,000 SF

      Downtown Quincy Retail/Warehouse Opportunity

      Versatile retail space with warehouse in high-traffic Quincy location.
      304 W Jefferson St, Quincy, FL 32351
      View Details
    • $280,000

      Spacious Home with Rental Potential

      Large home plus guest house on an acre lot.
      698 Liberty Rd, Quincy, FL 32351
      View Details
    • $999,999
      3.65 Acres

      Partially Completed Assisted Living Facility

      Partially completed assisted living facility on 3.65 acres.
      18520 Blue Star Hwy, Quincy, FL 32351
      View Details
    • $1,300,000
      187.61 Acres

      187 Acres in Quincy, Florida

      Expansive Quincy estate with pastures, pond, and convenient location.
      26070 Blue Star Hwy, Quincy, FL 32351
      View Details
    • $185,000
      1,900 SF

      Quincy, FL Daycare Opportunity

      Operational daycare facility in Quincy, FL, licensed for 35 children.
      327 S Adams St, Quincy, FL 32351
      View Details
    • $375,000
      0.48 Acres

      Quincy Assisted Living Facility Opportunity

      16-bed assisted living facility conversion in progress.
      405 S Shelfer St, Quincy, FL 32351
      View Details
    • $100,000

      Quincy Triplex Investment Opportunity

      Triplex near downtown Quincy, primed for income-producing renovation.
      103 E Sharon St, Quincy, FL 32351
      View Details
    • $120,000
      0.26 Acres

      Retail and Self-Storage Investment

      Commercial property with retail space and self-storage units for sale.
      1837 Florida Ave, Quincy, FL 32351
      View Details
    • Contact for pricing
      1,608 SF

      Former Drive-In Restaurant For Sale

      Recently built drive-in restaurant with excellent accessibility and ample parking.
      1321 East Jefferson St, Quincy, FL 32351
      View Details
    • $2,575,000

      Green Meadows Apartments For Sale

      36-unit apartment complex in Quincy, Florida, USDA subsidized.
      944 Strong Rd, Quincy, FL 32351
      View Details
    • $168,000
      1,248 SF

      Charming Home Near Lake Talquin

      3-bedroom, 2-bath home offering privacy and convenience near Lake Talquin.
      136 Cricket Ln, Quincy, FL 32351
      View Details

    FAQs

    What type of property is this?
    Land - Vacant residential lot near Lake Talquin in Quincy, Florida.
    Where is this land located?
    The property is located at 890 Drake Acres Rd Quincy, FL.
    What is the asking price?
    The asking price for this property is $39,000.
    What are key features of this property?
    This property features: - Vacant residential lot ready for development; - Located near Lake Talquin; - Proximity to boat ramp
    (850) 519-8621
    Request Owner's contact information
    890 Drake Acres Rd Quincy, FL 32351
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    890 Drake Acres Rd
    Quincy, FL 32351
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    890 Drake Acres Rd Quincy, FL 32351
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Justin Peel
    Justin Peel
    Real Estate License ID: 3132867
    (850) 519-8621
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.