Mixed-Use Building in Prime
For Sale
$899,000
259 Copeland St, Quincy, MA 02169
Mixed-use property with retail and residential units in Quincy.
Property Size3,812 SF
Price / SF$235.83
Days on Market451
Property Features for 259 Copeland St
General Information
Standard status
Active
Size
3,812 SF
Taxes and HOA fees
Annual Taxes
$13,765
Building Details
Year Built
1946
Listing Agency:
Kelley & Rege Properties, Inc.
Listed By:
Paul Rege
Source:
Corcoran
Added: Jun 11, 2025
Changed: Mar 16
Last Checked: Sep 4 at 8:49AM
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 mixed-use building in Quincy features three street-level retail spaces and a spacious 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 is situated on a 5,766 square foot lot and is zoned BUSB (legal conforming). The total square footage of the building is approximately 3,574 square feet. 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. The second-floor residential unit will be delivered vacant, offering immediate occupancy or lease-up potential. The parking lot address is 78 Cross Street, Quincy, MA.
Key Highlights
- Projected gross annual rental income of $83,784 when fully occupied, with potential for expense reimbursement.
- Mixed‑use building with three retail units and a spacious 3‑bedroom apartment.
- Excellent location just off Willard Street 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
$72,847
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
8.10%
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%
$1,456,940
$1.5M
Cap Rate 7%
$1,040,671
$1.0M
Cap Rate 9%
$809,411
$809.4K
Market Conditions
NOI Build-Up for 3,812 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
$128.1K $33.60/SF
− Vacancy
−$11.5K −$3.02/SF
EGI
$116.6K $30.58/SF
− OpEx
−$43.7K −$11.47/SF
NOI
$72.8K $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%
$1,456,940
Cap Rate 7%
$1,040,671
Cap Rate 9%
$809,411
Alternative Uses
Best Use
Mixed Use
$1.04M
$910.6K – $1.21M
NOI $72,847 @ 7.0% cap · market cap 8.10%
Second Best
Retail
$878.3K
$768.5K – $1.02M
NOI $61,480 @ 7.0% cap · market cap 6.84%
Theoretical Best
Office A
$2.25M
$1.97M – $2.63M
NOI $157,725 @ 7.0% cap · market cap 17.54%
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 property with retail and residential units in Quincy.
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 annual rental income of $83,784 when fully occupied, with potential for expense reimbursement.; Mixed‑use building with three retail units and a spacious 3‑bedroom apartment.; Excellent location just off Willard Street with easy access to Routes 93, 128, and 3.
