Flex Facility with Fenced
New
For Sale
$625,000
1527 Pat Thomas Parkway, Quincy, FL 32351
CommercialSale, Quincy, FL
Property Size5,200 SF
Lot Size6.60 Acres
Price / SF$120.19
Days on Market3
Property Features for 1527 Pat Thomas Parkway
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Paved or Surfaced, Fenced
Fencing
Fenced
Lot features
Level
Directions
From US-90 W, turn north onto Pat Thomas Pkwy; prope
Subdivision
Gadsden
Standard status
Active
APN
12039-3-24-2N-4W-0000-00212-0400
Lot size
6.60 Acres
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Flooring type
Concrete, Carpet
Building materials
MetalFrame
Listing Agency:
Keller Williams Town & Country
(850) 201-4663
Listed By:
Bruce Foster · License #3358939
(850) 294-8640
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 16 at 8:06AM
MLS# 405987
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.
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Investment Insights
Based on property information with market context.
The 6.60-acre property includes a 5,200-square-foot metal-frame facility with a clear-span workshop and 1,600 square feet of finished, climate-controlled office and administrative space. The workshop has concrete flooring and ceiling clearances exceeding 20 feet. Heavy three-phase electric service supports the facility, and public water is available. The level site is fenced, with paved or surfaced parking noted among the property features.
At 1527 Pat Thomas Parkway in Quincy, the property fronts SR 267 and is described as minutes from Interstate 10 and 20 miles west of Tallahassee. The combination of office space, high-bay work area, electrical service, and fenced acreage defines the property’s existing commercial and industrial configuration.
At 1527 Pat Thomas Parkway in Quincy, the property fronts SR 267 and is described as minutes from Interstate 10 and 20 miles west of Tallahassee. The combination of office space, high-bay work area, electrical service, and fenced acreage defines the property’s existing commercial and industrial configuration.
Key Highlights
- 6.60‑acre fenced property in Quincy
- 5,200‑square‑foot metal‑frame facility with clear‑span workshop
- 1,600 square feet of finished, climate‑controlled office and administrative space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,721
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$754,420
$754.4K
Cap Rate 7%
$538,871
$538.9K
Cap Rate 9%
$419,122
$419.1K
Market Conditions
NOI Build-Up for 5,200 SF
Gross rent
$62.4K $12.00/SF
− Vacancy
−$4.4K −$0.84/SF
EGI
$58.0K $11.16/SF
− OpEx
−$20.3K −$3.91/SF
NOI
$37.7K $7.25/SF
Area
Gadsden County, FL
Vacancy
7.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$754,420
Cap Rate 7%
$538,871
Cap Rate 9%
$419,122
Alternative Uses
Best Use
Flex RnD
$538.9K
$471.5K – $628.7K
NOI $37,721 @ 7.0% cap · market cap 6.04%
Second Best
Industrial
$503.9K
$440.9K – $587.9K
NOI $35,272 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$1.27M
$1.12M – $1.49M
NOI $89,237 @ 7.0% cap · market cap 14.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32351, FL
16,526
Population
7,065
Households
2.3
Avg Household Size
41
Median Age
16%
College-Educated
79%
High-School Grad
213.0 sq mi
ZIP Area
78
Density / Sq Mi
$39,219
Median Household Income
$29,952
Median Earnings
$838
Median Rent
$119,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - A high-bay workshop pairs with finished, climate-controlled office space and heavy three-phase electrical service.
Where is this flex space located?
The property is located at 1527 Pat Thomas Parkway Quincy, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 6.60‑acre fenced property in Quincy; 5,200‑square‑foot metal‑frame facility with clear‑span workshop; 1,600 square feet of finished, climate‑controlled office and administrative space
