Freestanding Office
For Sale
$249,000
5200 COLUMBUS Road, Quincy, IL 62305
COMMERCIAL - Quincy, IL
Property Size1,788 SF
Lot Size3.35 Acres
Price / SF$139.26
Days on Market344
Property Features for 5200 COLUMBUS Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R1A
Directions
E on Columbus Rd, across from Ri-Dora St, and before Wismann ln and Cannonball Rd.
Standard status
Active
APN
19-0-0527-000-00
Lot size
3.35 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
BEG 169.85FT E & 438.35FT N SE COR N 161.94FT E 344.97 $ 150 W TO POB ALSO 6 CABLE TR FOR ANCHORAGE
Tax Annual Amount
6082
Legal Description
BEG 169.85FT E & 438.35FT N SE COR N 161.94FT E 344.97 $ 150 W TO POB ALSO 6 CABLE TR FOR ANCHORAGE
Utilities
Sewer type
Septic Tank
Cooling system
Central Air
Listing Agency:
Happel, Inc., REALTORS
(217) 224-8383
Listed By:
Max Dancer · License #47519024
(217) 440-3100
Added: Sep 11, 2025
Changed: Aug 4
Last Checked: Aug 20 at 5:06PM
MLS# CA1039136
Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding office property at 5200 Columbus Road in Quincy, Illinois, contains 1,788 square feet of finished space within a concrete-block building 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.
Building systems include 600-amp three-phase electric service, high-efficiency HVAC with central air, and a gas water heater. Exterior improvements include a 6-by-8.3-foot attached storage shed, a one-car asphalt drive, and an asphalt parking lot. The property is served by a septic tank and is zoned R1A. Tracts 1-A, 1A1, 1-B, and 1-C are scheduled 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 three-phase electric service, high-efficiency HVAC with central air, and a gas water heater. Exterior improvements include a 6-by-8.3-foot attached storage shed, a one-car asphalt drive, and an asphalt parking lot. The property is served by a septic tank and is zoned R1A. Tracts 1-A, 1A1, 1-B, and 1-C are scheduled 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 three‑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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Concrete-block office property with private workspace, storage, central air, and dedicated parking improvements.
Where is this office units 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 three‑phase electric service
