Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Quincy, MA 02169

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    0.87 acres available on Route 3A in Quincy, MA.

    We can help!

    Listing Contact
    Jack Lyman
    Source: Atlanticretail

    Listing Agent: Jack Lyman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Prime Location Land Opportunity

    This 0.87-acre property is positioned directly on Route 3A, benefiting from a strong traffic flow of 42,873 ADT. It is located at the signalized intersection of Washington Street and Cleverly CT. The site presents a drive-thru opportunity and includes up to 47 proposed parking spaces.
    Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Similar Places Nearby

    The Towne Pump, U-Haul Neighborhood Dealer, Alperia Energy Point

    Map

    City
    Quincy
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.0071
    Latitude
    42.2468

    Nearby Similar for Lease

    • $6,000 /Mo
      4,975 SF

      Retail Building in Downtown Quincy

      Freestanding retail building in downtown Quincy, near public transportation.
      198 Parkingway, Quincy, MA 02169
      View Details
    • Contact for pricing

      Quincy Shipyard Parking Lot Rental

      138-space parking lot in Quincy Shipyard, ideal for transportation.
      145 E Howard St, Quincy, MA 02169
      View Details
    • Contact for pricing
      3,600 SF

      Restaurant Space in Quincy Center

      Second-generation restaurant space in a high-traffic commercial district.
      1495 Hancock St, Quincy, MA 02169
      View Details
    • Contact for pricing
      4,752 SF

      Class A Office Space, Quincy

      Premier office space in Crown Colony Office Park, Quincy, MA.
      1900 Crown Colony Dr, Quincy, MA 02169
      View Details
    • Contact for pricing
      10,000 SF

      Retail Space in Quincy Center

      Customizable retail space in a vibrant, accessible Quincy location.
      86 Parkingway, Quincy, MA 02169
      View Details
    • $14 SF/Yr
      27,556 SF

      Class A Office Sublease

      Sublease opportunity in a Class A office park.
      4 Batterymarch Park, Quincy, MA 02169
      View Details
    • Contact for pricing

      Premier Office Park South of Boston

      Class A office space near major transportation and amenities.
      1800 Crown Colony Dr, Quincy, MA 02169
      View Details
    • Contact for pricing
      7,936 SF

      Creative Office Space in Quincy

      Renovated office space in an emerging urban district.
      100 Walter Hannon Pkwy, Quincy, MA
      View Details
    • Contact for pricing

      Premier Office Park South of Boston

      13.16-acre office campus near I-93 and Route 3.
      Vlg Dr & Crown Colony Dr, Quincy, MA
      View Details
    • Contact for pricing

      Premier Office Park South of Boston

      143-acre office campus near I-93 and Route 3.
      Crown Colony Marriott Dr, Quincy, MA 02169
      View Details
    • Contact for pricing
      2,125 SF

      Prime Pad Site Opportunity

      Pad site available for ground lease or build to suit.
      209 Quincy Ave, Quincy, MA 02169
      View Details
    • $35 SF/Yr
      7,342 SF

      Mixed-Use Office Center Near Red Line

      Mixed-use office, retail center near Quincy Adams Common.
      1250 Hancock St, Quincy, MA 02169
      View Details

    FAQs

    What type of property is this?
    Parking lot & garage - 0.87 acres available on Route 3A in Quincy, MA.
    Where is this parking lot & garage located?
    The property is located at Quincy, MA.
    What are key features of this property?
    This property features: - High traffic location: 42,873 ADT on Route 3A; - Drive-thru opportunity; - 0.87 acres available
    (412) 595-9300
    Request Owner's contact information
    Quincy, MA 02169
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Quincy, MA 02169
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Quincy, MA 02169
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jack Lyman
    (412) 595-9300
    Learn more
    Google sign-in failed. Please try again or use another login method.