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    Property profile & analytics

    107 Washington St Quincy, FL 32351

    • Medical offices
    • 6,900 SF
    • 0.11 lot acres
    For Sale
    View listing
    $349,000
    Value Estimation
    Last Sale
    May 03, 2023
    $285,000
    Location Intelligence
    Property ID
    US18-4718156
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Medical offices

    Property Details for 107 Washington St

    Year built
    1940
    Construction
    FRAME
    Lot size
    0.11 lot acres
    Property size
    6,900 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    3-07-2N-3W-0730-00000-0950
    APU
    3072N3W0730000000950

    Description

    This exceptional 6,600 square foot commercial property, situated on a 0.12-acre lot at 107 E Washington St in Quincy, FL, presents a remarkable investment opportunity. Currently configured as a blend of retail/office space and residential, this property boasts significant income potential. The ground floor offers approximately 5,000 square feet, ideal for a variety of uses, including medical practices (with 14 potential exam/offices, a spacious reception area, and four bathrooms). The layout is well-suited for an eye doctor, dentist, or other medical professional. A recently updated HVAC system and a durable standing seam metal roof contribute to the property's excellent condition. Ample parking is available, enhancing the property's appeal. Above the commercial space is a 1,600 square foot, two-bedroom, one-bathroom apartment with a separate entrance, currently leased for $750 per month (below market value). The property's proforma gross income is estimated at $36,000 annually. The seller is highly motivated, having recently reduced the price by $50,000. This quiet corner location offers excellent visibility and accessibility. A 24-hour notice is required for apartment showings. This property is ready for a new owner to capitalize on its considerable income-generating potential and prime location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $265,000

    • CAP approach

      CAP return
      Estimation
      6%
      $260,000
      6.5%
      $275,000
      7%
      $260,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $320,000
      Geo Method
      $270,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $275,000
      Retail
      $290,000
      Mixed-Use
      $275,000
      Hospitality
      $325,000
      Educational
      $290,000
      Residential Income
      $305,000
      Energy
      $270,000
      Income-Based Land
      $280,000
      Food Service
      $340,000

    Location Insight

    • Map
    • Local Demand
    City
    Quincy
    County
    Gadsden
    State
    Florida
    Longitude
    -84.5755
    Latitude
    30.589
    CBSA code
    45220
    CBSA name
    TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,163
    $35,200
    $116,221
    $151,421
    -
    $35,200
    $116,221
    $151,421

    Comparable in this City

    • Value Estimation by Request
      2,474 SF

      18229 Blue Star Hwy

      MEDICAL BUILDING • 2,474 SF
      18229 Blue Star Hwy, Quincy, FL 32351-7195
      View Details
    • Value Estimation by Request
      3,950 SF

      363 Crawford St

      MEDICAL BUILDING • 3,950 SF
      363 Crawford St, Quincy, FL 32351-3200
      View Details
    • Value Estimation
      $425,000
      13,113 SF

      178 Lasalle Lefall Dr

      MEDICAL BUILDING • 13,113 SF
      178 Lasalle Lefall Dr, Quincy, FL 32351-5278
      View Details
    • Value Estimation
      $285,000
      5,335 SF

      223 Washington St

      MEDICAL BUILDING • 5,335 SF
      223 Washington St, Quincy, FL 32351-2446
      View Details
    • Value Estimation
      $265,000
      3,116 SF

      236 Jefferson St

      MEDICAL BUILDING • 3,116 SF
      236 Jefferson St, Quincy, FL 32351-2427
      View Details
    • Value Estimation
      $60,000
      3,762 SF

      21 Madison St

      MEDICAL BUILDING • 3,762 SF
      21 Madison St, Quincy, FL 32351-3137
      View Details

    Similar Nearby for Sale

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      Green Meadows Apartments For Sale

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    • New
      $97,000
      0.09 Acres

      Commercial Building in Quincy, Florida

      Commercial building in Quincy's business district with versatile floor plans.
      108 E Jefferson St, Quincy, FL 32351
      View Details
    • $1,500,000
      187.61 Acres

      187 Acres in North Florida

      Expansive Quincy estate perfect for horses, farming, or homesteading.
      26070 Blue Star Hwy, Quincy, FL 32351
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    • $349,000
      6,600 SF

      Prime Quincy Commercial Property

      High-Income Potential, Excellent Location
      107 Washington St, Quincy, FL 32351
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      18,418 SF

      Retail Space on Jefferson Street

      Turnkey retail space with high visibility and ample parking.
      1634 W Jefferson St, Quincy, FL 32351
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    • $10,000 /Mo
      1,608 SF

      Former Drive-In Restaurant For Lease

      1,704 SF former Sonic Drive-In available for lease.
      1325 W Jefferson St, Quincy, FL 32351
      View Details
    • $10 SF/Yr
      4,500 SF

      Highway 90 Retail Spaces Available

      Quincy, FL: Prime Retail Units for Lease
      2155 Jefferson St, Quincy, FL 32351
      View Details
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    107 Washington St
    Quincy, FL 32351
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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