Freestanding Office
For Sale
$249,000
5200 Columbus Road, Quincy, IL 62305
Concrete-block office property with private workspace, storage, break room, and dedicated electrical and HVAC systems.
Property Size1,788 SF
Price / SF$139.26
Days on Market355
Property Features for 5200 Columbus Road
General Information
Standard status
Active
Size
1,788 SF
Property subtype
Commercial
Zoning
R1A
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$6,082
Building Details
Building Size
1,788 SF
Buildings
1
Construction
concrete block
Listing Agency:
Happel, Inc., REALTORS
(217) 440-3100
Listed By:
Max Dancer · License #47519024
(217) 440-3100
Source:
Shawneehillsrealestate
Added: Sep 11, 2025
Changed: Aug 29
Last Checked: Aug 30 at 5:40PM
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 Happel, Inc., REALTORS
Investment Insights
Based on property information with market context.
This freestanding office building at 5200 Columbus Road in Quincy, Illinois, contains 1,788 square feet of finished space in a concrete-block structure on a slab foundation. The layout includes an open office area, private office, storage areas, break room, and restroom. Interior finishes include tile and concrete flooring, painted concrete walls, paneling, and suspended tile ceilings. The building also has a 6x8.3 attached storage shed.
Building systems include 600-amp, 3-phase electric service, a high-efficiency HVAC system with central air, and a gas water heater. Exterior features include an asphalt drive and asphalt parking lot. The property is identified with R1A zoning. Tracts 1-A, 1A1, 1-B, and 1-C, which previously supported a transmitter tower, are to be deeded back to adjoining property owners before closing, subject to approval by the City of Quincy and associated governing bodies.
Building systems include 600-amp, 3-phase electric service, a high-efficiency HVAC system with central air, and a gas water heater. Exterior features include an asphalt drive and asphalt parking lot. The property is identified with R1A zoning. Tracts 1-A, 1A1, 1-B, and 1-C, which previously supported a transmitter tower, are to be deeded back to adjoining property owners before closing, subject to approval by the City of Quincy and associated governing bodies.
Key Highlights
- 1,788‑square‑foot concrete‑block office building on a slab foundation
- Open office area plus private office, storage, break room, and restroom
- 600‑amp 3‑phase electric service
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,193
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$283,860
$283.9K
Cap Rate 7%
$202,757
$202.8K
Cap Rate 9%
$157,700
$157.7K
Market Conditions
NOI Build-Up for 1,788 SF
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.
Gross rent
$22.5K $12.60/SF
− Vacancy
−$3.6K −$2.02/SF
EGI
$18.9K $10.58/SF
− OpEx
−$4.7K −$2.65/SF
NOI
$14.2K $7.94/SF
Area
Adams County, IL
Vacancy
16.00%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$283,860
Cap Rate 7%
$202,757
Cap Rate 9%
$157,700
Alternative Uses
Best Use
Office B
$202.8K
$177.4K – $236.6K
NOI $14,193 @ 7.0% cap · market cap 5.70%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$357.2K
$312.5K – $416.7K
NOI $25,002 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Explore this area
Business Placement
Demographics for 62305, IL
19,042
Population
8,344
Households
2.3
Avg Household Size
45
Median Age
35%
College-Educated
97%
High-School Grad
139.2 sq mi
ZIP Area
137
Density / Sq Mi
$80,918
Median Household Income
$44,072
Median Earnings
$887
Median Rent
$203,500
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Concrete-block office property with private workspace, storage, break room, and dedicated electrical and HVAC systems.
Where is this office building located?
The property is located at 5200 Columbus Road Quincy, IL.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 1,788‑square‑foot concrete‑block office building on a slab foundation; Open office area plus private office, storage, break room, and restroom; 600‑amp 3‑phase electric service
