Historic Bed and
For Sale
$550,000
215 N Madison Street, Quincy, FL 32351
Six guest suites with private baths accompany a separate owner's suite on site.
Property Size4,528 SF
Price / SF$121.47
Days on Market209
Property Features for 215 N Madison Street
General Information
Standard status
Active
Size
4,528 SF
Total Parking Spaces
8
Property subtype
Commercial
Additional Details
Business Included
Yes
Highway Access
Yes
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$5,389
Amenities
guest suites with private baths
private owner's suite
Building Details
Building Size
4,528 SF
Listing Agency:
Keller Williams Town & Country
Listed By:
Ranie Thompson · License #3444298
(850) 201-4663
Source:
Bertpope
Added: Apr 10
Changed: Nov 4
Last Checked: Nov 4 at 2:20AM
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 Keller Williams Town & Country
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Investment Insights
Based on property information with market context.
Built in the 1840s, this 4,528-square-foot bed and breakfast includes six guest suites, each with a private bath, along with a separate owner's suite. The layout combines guest lodging with on-site private quarters. The property is located at 215 N Madison Street in Quincy, Florida.
The inn is within walking distance of an art museum, theater, pickleball courts, restaurants, and shops. I-10 and Tallahassee are also identified as nearby destinations.
The inn is within walking distance of an art museum, theater, pickleball courts, restaurants, and shops. I-10 and Tallahassee are also identified as nearby destinations.
Key Highlights
- Six guest suites, each with a private bath
- Separate owner's suite on site
- 4,528 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,357
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,140
$387.1K
Cap Rate 7%
$276,529
$276.5K
Cap Rate 9%
$215,078
$215.1K
Market Conditions
NOI Build-Up for 4,528 SF
Gross rent
$54.3K $12.00/SF
− Vacancy
−$13.6K −$3.00/SF
EGI
$40.8K $9.00/SF
− OpEx
−$21.4K −$4.73/SF
NOI
$19.4K $4.27/SF
Area
Gadsden County, FL
Vacancy
25.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,140
Cap Rate 7%
$276,529
Cap Rate 9%
$215,078
Alternative Uses
Best Use
Hotel Hospitality
$276.5K
$242.0K – $322.6K
NOI $19,357 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$971.3K – $1.30M
NOI $77,705 @ 7.0% cap · market cap 14.13%
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
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
448
Businesses Nearby
Balanced
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
View Realmo Analytics
Similar Off Market Nearby
- Millhouse Inn — 215 N Madison St, Quincy, FL 32351
- Michael Moore Lodge — 320 E Washington St, Quincy, FL 32351
Frequently Asked Questions
What type of property is this?
Bed & breakfast - Six guest suites with private baths accompany a separate owner's suite on site.
Where is this bed & breakfast located?
The property is located at 215 N Madison Street Quincy, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Six guest suites, each with a private bath; Separate owner's suite on site; 4,528 square feet
