Building Details

Building Size 1,440 SF

Buildings 3

Listing Agency: Xcellence

Listed By: Nancy Foley · License #3362973 Show Phone

Source: Tngrealty

Added: Mar 5, 2025 Changed: Nov 1 Last Checked: Nov 1 at 3:15PM

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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 Xcellence

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Investment Insights

Based on property information with market context.

An operating mechanics shop occupies part of this three-building property, with a separate building dedicated to storage. The site also includes ample parking and flat terrain. The property is outside any flood zone.

The property fronts US 90, with 100 yards of road frontage. Its existing automotive use and on-site storage are established features of the site.

Key Highlights

• Three buildings on the property
• Currently operating as a mechanics shop
• 100 yards of road frontage on US 90

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,986

Cap Rate

2.83%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$279,720 $279.7K

Cap Rate 7%

$199,800 $199.8K

Cap Rate 9%

$155,400 $155.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,440 SF

Gross rent

$21.6K $15.00/SF

− Vacancy

−$1.6K −$1.13/SF

EGI

$20.0K $13.88/SF

− OpEx

−$6.0K −$4.16/SF

NOI

$14.0K $9.71/SF

Area

Gadsden County, FL

Vacancy

7.50%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$279,720

Cap Rate 7%

$199,800

Cap Rate 9%

$155,400

Alternative Uses

Best Use

Retail

$199.8K

$174.8K – $233.1K (±1% cap)

NOI $13,986 @ 7.0% cap · market cap 2.83%

Second Best

Industrial

$139.5K

$122.1K – $162.8K (±1% cap)

NOI $9,768 @ 7.0% cap · market cap 1.97%

Theoretical Best

Office A

$353.0K

$308.9K – $411.9K (±1% cap)

NOI $24,712 @ 7.0% cap · market cap 4.99%

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

Auto shops

Suggested Use

Top Pick Real Estate Agency Auto Parts Store Building Supply Electrical Service Plumbing Service Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

29

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

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Similar Off Market Nearby

• Jones and Sons Repair — 6692 Ben Bostick Rd, Quincy, FL 32351
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• A-1 Auto Service Inc. — 17974 Blue Star Hwy, Quincy, FL 32351

Frequently Asked Questions

What type of property is this?

Auto shop - Three buildings include a separate structure for storage alongside the operating repair shop.

Where is this auto shop located?

The property is located at 18040 Blue Star Highway Quincy, FL.

What is the asking price?

The asking price for this property is $495,000.

What are key features of this property?

This property features: Three buildings on the property; Currently operating as a mechanics shop; 100 yards of road frontage on US 90