Quincy Office Building with Harbor
For Sale
Contact for pricing
744 E Squantum St, Quincy, MA 02171
Office building with water views, tenant occupied until 3/15/2025.
Property Size2,875 SF
Price / SF$660.87
Days on Market2223
Property Features for 744 E Squantum St
General Information
Standard status
Active
Size
2,875 SF
Class
C
Property subtype
Office
Zoning
BUSB
Building Details
Year Built
1928
Listing Agency:
Whitridge Associates
Listed By:
Kevin Grassa · License #MA
(617) 657-6900
Source:
Crexi
Added: Sep 4, 2020
Changed: Aug 8
Last Checked: Oct 4 at 8:02AM
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 Whitridge Associates
Investment Insights
Based on property information with market context.
The property is an office building with water views of Boston Harbor and Marina Bay. The current internal setup includes 18 cubicles with ethernet wiring and a network already in place, along with 4 private offices and a conference room. A server room is located in the 2800 square foot basement. The building also features a fully functioning kitchen equipped with a fridge freezer combo, 4 burner stove and oven, microwave, dishwasher, and garbage disposal. There are 2 bathrooms and a separate shower. The exterior includes landscaping and 14 parking spots. The property is tenant-occupied through March 15, 2025.
Key Highlights
- Water views of Boston Harbor and Marina Bay.
- Existing tenant in place through 3/15/2025, providing immediate rental income.
- Benefit from 14 parking spots.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,884
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,557,680
$1.6M
Cap Rate 7%
$1,112,629
$1.1M
Cap Rate 9%
$865,378
$865.4K
Market Conditions
NOI Build-Up for 2,875 SF
Gross rent
$120.8K $42.00/SF
− Vacancy
−$16.9K −$5.88/SF
EGI
$103.8K $36.12/SF
− OpEx
−$26.0K −$9.03/SF
NOI
$77.9K $27.09/SF
Area
Quincy, MA
Vacancy
14.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,557,680
Cap Rate 7%
$1,112,629
Cap Rate 9%
$865,378
Alternative Uses
Best Use
Office B
$1.11M
$973.6K – $1.30M
NOI $77,884 @ 7.0% cap · market cap 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $118,956 @ 7.0% cap · market cap 6.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - Office building with water views, tenant occupied until 3/15/2025.
Where is this office building located?
The property is located at 744 E Squantum St Quincy, MA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Water views of Boston Harbor and Marina Bay.; Existing tenant in place through 3/15/2025, providing immediate rental income.; Benefit from **14 parking spots**.
