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Property profile & analytics
OFF-MARKET
Medical Office Space

107 Washington St Quincy, FL 32351-2414

6,900 SF 0.11 ac lot Built 1940
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US18-4718156
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1940
Construction FRAME
Total area 6,900 SF
Lot 0.11 ac (4,996 SF)
APN 3-07-2N-3W-0730-00000-0950
UPID US18-4718156
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Chailen Woedward LLC · 3 yrs held
Chailen Woedward LLC
since 2023
Last sale
$285,000
4 recorded transactions
2024
Price N/A
2023
$285,000
2005
$150,000
1998
$141,100
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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