Standalone Warehouse with Flexible
For Sale
$1,949,000
0-90 School St, Quincy, MA 02169
BUSB-zoned facility with upgraded building systems and flexible space for storage, distribution, or light manufacturing.
Property Size14,000 SF
Price / SF$139.21
Days on Market157
Property Features for 0-90 School St
General Information
Standard status
Active
Size
14,000 SF
Zoning
BUSB
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Power
440 amps
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$40,617
Building Details
Building Size
14,000 SF
Construction
brick
Listing Agency:
Capital Residential Group, LLC
(617) 519-6779
Listed By:
Sonya Hardiman
(617) 519-6779
Source:
Exprealty
Added: Mar 27
Changed: Aug 30
Last Checked: Aug 30 at 3:01AM
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 Capital Residential Group, LLC
Investment Insights
Based on property information with market context.
This standalone warehouse provides approximately 14,000 square feet of adaptable commercial space. The building has a brick exterior, stucco facade, and a new rubber roof, with interior capacity suited to storage, warehouse, distribution, or light manufacturing operations. Electrical service is rated at 440 AMP, and the property also has large gas service.
New sewer, water, and sprinkler lines extend from the street into the building. The BUSB zoning designation supports the stated commercial and industrial applications. Positioned near downtown Quincy, the property offers access to Route 93 and connectivity toward Boston and the South Shore, supporting movement for employees, clients, suppliers, and distribution activity.
New sewer, water, and sprinkler lines extend from the street into the building. The BUSB zoning designation supports the stated commercial and industrial applications. Positioned near downtown Quincy, the property offers access to Route 93 and connectivity toward Boston and the South Shore, supporting movement for employees, clients, suppliers, and distribution activity.
Key Highlights
- Approximately 14,000 square feet of warehouse space
- 440 AMP electrical service and large gas service
- New rubber roof
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
$158,054
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
8.11%
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%
$3,161,080
$3.2M
Cap Rate 7%
$2,257,914
$2.3M
Cap Rate 9%
$1,756,156
$1.8M
Market Conditions
NOI Build-Up for 14,000 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
$252.0K $18.00/SF
− Vacancy
−$26.2K −$1.87/SF
EGI
$225.8K $16.13/SF
− OpEx
−$67.7K −$4.84/SF
NOI
$158.1K $11.29/SF
Area
Quincy, MA
Vacancy
10.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$3,161,080
Cap Rate 7%
$2,257,914
Cap Rate 9%
$1,756,156
Alternative Uses
Best Use
Flex RnD
$3.43M
$3.00M – $4.00M
NOI $239,803 @ 7.0% cap · market cap 12.30%
Second Best
Warehouse
$2.74M
$2.40M – $3.20M
NOI $191,923 @ 7.0% cap · market cap 9.85%
Theoretical Best
Office A
$8.28M
$7.24M – $9.65M
NOI $579,264 @ 7.0% cap · market cap 29.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Sprinkler system
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,406
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 02169, MA
62,140
Population
30,198
Households
2.1
Avg Household Size
39
Median Age
48%
College-Educated
92%
High-School Grad
12.1 sq mi
ZIP Area
5,136
Density / Sq Mi
$92,080
Median Household Income
$60,166
Median Earnings
$1,975
Median Rent
$552,200
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - BUSB-zoned facility with upgraded building systems and flexible space for storage, distribution, or light manufacturing.
Where is this warehouse located?
The property is located at 0-90 School St Quincy, MA.
What is the asking price?
The asking price for this property is $1,949,000.
What are key features of this property?
This property features: Approximately 14,000 square feet of warehouse space; 440 AMP electrical service and large gas service; New rubber roof
