Commercial Property with Highway
18246 Blue Star Highway Quincy, FL 32351
For Sale
$185,000
Commercial property with building, mobile home, and highway frontage.
Property Size1,360 SF
Price / SF$136.03
Days on Market3705
Property Features for 18246 Blue Star Highway
General Information
Standard status
Active
Size
1,360 SF
Property subtype
Retail
Listing Agency:
Ochlockonee Bay Realty
(850) 984-0001
Listed By:
Marsha Tucker · License #630602
(850) 570-9214
Source:
Xome
Added: Jun 6, 2016
Changed: Jul 6
Last Checked: Jul 27 at 2:28AM
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 Ochlockonee Bay Realty
Investment Insights
Based on property information with market context.
This commercial property features a 1360 square foot building and a small mobile home. Currently utilized as a car lot, the property is rented. It offers over 422.61 feet of frontage on a busy highway and is completely fenced.
Key Highlights
- High‑traffic highway frontage (422.61 ft)
- Large parking capacity with 100 spaces
- 1360 sq. ft. commercial building
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.0k | $16.20 |
| − Vacancy | −$1.3k | −$0.97 |
| EGI | $20.7k | $15.23 |
| − OpEx | −$5.2k | −$3.81 |
| NOI | $15.5k | $11.42 |
1,360 SF · lease $16.20/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$221.9K
$194.2K – $258.9K
NOI $15,533 @ 7.0% cap · market cap 8.40%
Second Best
Retail
$188.7K
$165.1K – $220.2K
NOI $13,209 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$333.4K
$291.7K – $389.0K
NOI $23,339 @ 7.0% cap · market cap 12.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Car wash - Commercial property with building, mobile home, and highway frontage.
Where is this car wash located?
The property is located at 18246 Blue Star Highway Quincy, FL.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: High‑traffic highway frontage (422.61 ft); Large parking capacity with 100 spaces; 1360 sq. ft. commercial building
