Renovated Medical Office
For Sale
Contact for pricing
121 Billings Rd, Quincy, MA 02171
A first-floor layout includes six offices, a reception area, and two bathrooms.
Property Size1,595 SF
Price / SF$2.38
Days on Market8
Property Features for 121 Billings Rd
General Information
Standard status
Active
Size
1,595 SF
Property subtype
Commercial
Additional Details
Floor
1
Building Details
Year Built
1948
Listing Agency:
Hestia
Listed By:
team_hestia
(617) 301-0076
Source:
Lockandkeyre
Added: Oct 9
Changed: Oct 15
Last Checked: Oct 15 at 2:28AM
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 Hestia
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Investment Insights
Based on property information with market context.
This renovated first-floor medical office suite contains approximately 1,595 square feet. Its layout includes a front desk, a waiting area, six separate offices, and two bathrooms. Water access, countertops, and cabinets are provided in every room. The building dates to 1948.
The property is at 121 Billings Rd in North Quincy, with restaurants, shops, and retail stores in the surrounding commercial area.
The property is at 121 Billings Rd in North Quincy, with restaurants, shops, and retail stores in the surrounding commercial area.
Key Highlights
- Approximately 1,595 square feet on the first floor
- Six offices, a front desk, and a waiting area
- Two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,040
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,800
$640.8K
Cap Rate 7%
$457,714
$457.7K
Cap Rate 9%
$356,000
$356.0K
Market Conditions
NOI Build-Up for 1,595 SF
Gross rent
$57.4K $36.00/SF
− Vacancy
−$4.0K −$2.52/SF
EGI
$53.4K $33.48/SF
− OpEx
−$21.4K −$13.39/SF
NOI
$32.0K $20.09/SF
Area
Quincy, MA
Vacancy
7.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,800
Cap Rate 7%
$457,714
Cap Rate 9%
$356,000
Alternative Uses
Best Use
Office B
$617.3K
$540.1K – $720.2K
NOI $43,209 @ 7.0% cap · market cap 1,137.08%
Second Best
Healthcare Medical
$457.7K
$400.5K – $534.0K
NOI $32,040 @ 7.0% cap · market cap 843.16%
Theoretical Best
Office A
$942.8K
$824.9K – $1.10M
NOI $65,995 @ 7.0% cap · market cap 1,736.71%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
986
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 02171, MA
19,539
Population
9,513
Households
2.1
Avg Household Size
41
Median Age
52%
College-Educated
88%
High-School Grad
2.5 sq mi
ZIP Area
7,816
Density / Sq Mi
$104,992
Median Household Income
$58,835
Median Earnings
$2,281
Median Rent
$630,200
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Hancock Animal Hospital — 55 Hancock St, Quincy, MA 02171
Frequently Asked Questions
What type of property is this?
Medical Office Space - A first-floor layout includes six offices, a reception area, and two bathrooms.
Where is this medical office space located?
The property is located at 121 Billings Rd Quincy, MA.
What are key features of this property?
This property features: Approximately 1,595 square feet on the first floor; Six offices, a front desk, and a waiting area; Two bathrooms
