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    620 Barack Obama Blvd Quincy, FL 32351
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    Property profile & analytics

    620 Barack Obama Blvd Quincy, FL 32351

    View on Map
    • Office properties & Spaces
    • 1,172 SF
    • 8.70 lot acres
    Off-Market
    Last Sale Jan 31, 2023
    $1,386,000
    Property ID
    US18-3732374
    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.
    Value Estimations
    $1,420,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 620 Barack Obama Blvd

    Year built
    1982
    Construction
    WOOD
    Lot size
    8.70 lot acres
    Property size
    1,172 SF
    Property type
    Office properties & Spaces
    APN
    3-11-2N-4W-0000-00324-0500
    APU
    3112N4W0000003240500

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,425,000
      ML approach
      $1,485,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Quincy
    County
    Gadsden
    State
    Florida
    Longitude
    -84.6121
    Latitude
    30.5795
    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
    $16,644
    $43,500
    $1,122,123
    $1,165,623
    -
    $43,500
    $1,122,123
    $1,165,623

    Comparable in this City

    • Value Estimation by Request
      7,715 SF

      920 Jefferson St

      OFFICE (GENERAL) • 7,715 SF
      920 Jefferson St, Quincy, FL 32351
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    • Value Estimation by Request
      2,072 SF

      221 Madison St

      OFFICE (GENERAL) • 2,072 SF
      221 Madison St, Quincy, FL 32351-2444
      View Details
    • Value Estimation by Request
      3,780 SF

      520 Virginia St

      OFFICE (GENERAL) • 3,780 SF
      520 Virginia St, Quincy, FL 32351-2714
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    • Value Estimation by Request
      2,442 SF

      15 Stewart St

      OFFICE (GENERAL) • 2,442 SF
      15 Stewart St, Quincy, FL 32351-2335
      View Details
    • Value Estimation
      $930,000
      5,415 SF

      1525 Barack Obama Blvd

      OFFICE (GENERAL) • 5,415 SF
      1525 Barack Obama Blvd, Quincy, FL 32351-8777
      View Details
    • Value Estimation
      $1,205,000
      10,783 SF

      305 Crawford St

      OFFICE (GENERAL) • 10,783 SF
      305 Crawford St, Quincy, FL 32351-3121
      View Details

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    • Contact for pricing
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      Quincy Commercial Property For Sale

      Former veterinarian office near downtown Quincy, Florida.
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    • $950,000
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      Quincy Commercial Block For Sale

      Significant commercial footprint in historic Quincy, Florida.
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    • Contact for pricing
      3,102 SF

      Brick Building with Office Suites

      All brick building featuring multiple office suites and amenities.
      1222 Live Oak St, Quincy, FL 32351
      View Details
    • $100,000
      1,250 SF

      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

    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
      View Details
    • Contact for pricing

      Warehouse Spaces Available For Lease

      Warehouse spaces available for lease with dock high loading.
      25040 Blue Star Hwy, Quincy, FL 32351
      View Details
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    Quincy, FL 32351
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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