Add Listing
    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

    299 Newport Ave, Unit BSMT Quincy, MA 02170

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $3,000 /Mo ($0.36 SF/Yr)

    Basement commercial space across from Wollaston Station (Red Line).

    Property size:
    99,999 SF
    Lot size:
    99,999 SF

    Property Features for 299 Newport Ave

    General Information

    Standard status
    Active
    Size
    99,999 SF

    Building Details

    Year built
    1957

    We can help!

    Listing Contact
    Derek Wong
    Source: Corcoran

    Listing Agency: V & E Realty Listing Agent: Derek Wong

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

    Learn more

    Overview

    Commercial Space Near Wollaston Station

    This commercial space is located directly across from Wollaston Station on the Red Line. Situated in the basement, the space consists of approximately 5 rooms. Street parking is available. Upon lease signing, the tenant is required to pay the first month's rent, last month's rent, and a security deposit. Additionally, the tenant must pay a one-month rent brokerage commission to the listing firm upon lease signing. The space is easy to show with some advance notice. Tenant due diligence is required.
    Location Intelligence

    Current Use by Public Records

    Sky massage therapy Alternative Medicine Practice NATURAL HEALING ACUPUNCTURE ... Medical Clinic American Dream Financial ... Financial Advisor Apitherapy Center 圣医堂蜂疗特效诊所 Medical Clinic Quincy Taekwondo Training Center

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Quincy
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.0206575
    Latitude
    42.2661387

    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
    • Sponsored
      Contact for pricing

      Braintree Quincy Center

      Workspaces, services and support to help you work better in Miami Airport
      859 Willard St, Quincy, MA 02169
      View Details
    • Contact for pricing

      MA, Quincy - Hancock Street

      Discover many ways to work your way in Greenwich
      1515 Hancock St, 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

      Office Space Near North Quincy

      Office spaces available near Route 3A and North Quincy MBTA.
      108 Myrtle Dr, Quincy, MA 02171
      View Details
    • $2,500 /Mo

      Furnace Brook Parkway Office Space

      Office space with private entrance and large bathroom for rent.
      1240 Furnace Brook Pkwy, Quincy, MA 02169
      View Details
    • $1,200 /Mo

      Office Space Near Wollaston Station

      Office suite for rent directly across from Wollaston T station.
      299 Newport Ave, Quincy, MA 02170
      View Details
    • Contact for pricing

      Retail Space Near N. Quincy

      Retail space available near N. Quincy Station and Stop & Shop.
      65 Newport Ave, Quincy, MA 02171
      View Details
    • Contact for pricing
      1,197 SF

      First-Class Office Park in Quincy

      Office space for rent in a four-building park.
      1 Batterymarch Park, Quincy, MA 02169
      View Details
    • Contact for pricing
      7,211 SF

      Quincy Office Space for Rent

      First-class office park with free parking and shuttle service.
      3 Batterymarch Park, Quincy, MA 02169
      View Details
    • Contact for pricing
      5,907 SF

      Office Space in Quincy, MA

      5,907 SF office space available for sublease.
      1 Adams Pl, Quincy, MA 02169
      View Details
    • Contact for pricing
      16,517 SF

      Remodeled Class A Office Building

      High-end office building near public transport and major highways.
      1200 Crown Colony Dr, Quincy, MA 02169
      View Details

    FAQs

    What type of property is this?
    Retail space - Basement commercial space across from Wollaston Station (Red Line).
    Where is this retail space located?
    The property is located at 299 Newport Ave, Unit BSMT Quincy, MA.
    What is the lease rate?
    The lease rate is $0.36 SF/Yr.
    What are key features of this property?
    This property features: - Directly across from Wollaston T Station (Red Line); - Commercial space available; - Consists of about 5 rooms
    (617) 290-8289
    Request Owner's contact information
    299 Newport Ave, Unit BSMT Quincy, MA 02170
    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.
    299 Newport Ave, Unit BSMT
    Quincy, MA 02170
    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
    299 Newport Ave, Unit BSMT Quincy, MA 02170
    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
    Derek Wong
    Real Estate License ID: 455500324
    (617) 290-8289 (617) 786-9399
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!