Quincy Mixed-Use Investment
For Sale
$899,000
Pending
259 Copeland St, Quincy, MA 02169
Mixed-use building with retail and residential units in high-traffic area.
Property Size3,812 SF
Lot Size0.13 Acres
Days on Market157
Property Features for 259 Copeland St
General Information
Standard status
Pending
Size
3,812 SF
Lot size
0.13 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$13,765
Building Details
Building Size
3,812 SF
Year Built
1946
Listing Agency:
Kelley & Rege Properties, Inc.
(617) 710-4997
Listed By:
Francine Jeffers · License #449502080
(617) 710-4997
Source:
Elliman
Added: Mar 10
Changed: Aug 9
Last Checked: Aug 12 at 9:23AM
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 Kelley & Rege Properties, Inc.
Investment Insights
Based on property information with market context.
This two-story, solid brick building in Quincy offers a mixed-use opportunity, featuring three street-level retail spaces and a second-floor 3-bedroom apartment. The property is located just off Willard Street, providing convenient access to Routes 93, 128, and 3. It benefits from a high-visibility location and includes off-street parking for five vehicles. The property, zoned BUSB (legal conforming), sits on a 5,766 square foot lot. The total square footage of the building is approximately 3,574. The property is suitable for investors or owner-occupants. The second-floor residential unit will be delivered vacant. The property is currently generating a projected gross rental income of $83,784 annually when fully occupied, with additional potential for reimbursement of operating expenses.
Key Highlights
- Projected gross rental income of $83,784 annually when fully occupied.
- Mixed‑use building featuring three retail units and a spacious 3‑bedroom apartment.
- High‑visibility location with easy access to Routes 93, 128, and 3.
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
$68,299
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
7.60%
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%
$1,365,980
$1.4M
Cap Rate 7%
$975,700
$975.7K
Cap Rate 9%
$758,878
$758.9K
Market Conditions
NOI Build-Up for 3,574 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
$120.1K $33.60/SF
− Vacancy
−$10.8K −$3.02/SF
EGI
$109.3K $30.58/SF
− OpEx
−$41.0K −$11.47/SF
NOI
$68.3K $19.11/SF
Area
Quincy, MA
Vacancy
9.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
37.50%
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%
$1,365,980
Cap Rate 7%
$975,700
Cap Rate 9%
$758,878
Alternative Uses
Best Use
Mixed Use
$975.7K
$853.7K – $1.14M
NOI $68,299 @ 7.0% cap · market cap 7.60%
Second Best
Retail
$823.4K
$720.5K – $960.7K
NOI $57,641 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$2.11M
$1.85M – $2.46M
NOI $147,878 @ 7.0% cap · market cap 16.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
909
Businesses Nearby
32k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 75%
Home Improvements & Furnishings 25%
The UPS Store
Shops & Services
12,935 visits/mo
0.3 miles
Curry Ace Paint & Hardware
Home Improvements & Furnishings
7,928 visits/mo
0.3 miles
7-Eleven
Shops & Services
6,026 visits/mo
0.4 miles
Gulf Oil
Shops & Services
4,732 visits/mo
0.1 miles
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 Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with retail and residential units in high-traffic area.
Where is this mixed-use property located?
The property is located at 259 Copeland St Quincy, MA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Projected gross rental income of $83,784 annually when fully occupied.; Mixed‑use building featuring three retail units and a spacious 3‑bedroom apartment.; High‑visibility location with easy access to Routes 93, 128, and 3.
