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    41 Payne St Quincy, MA 02169

    • Commercial real estate
    • 2,413 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0073257
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 41 Payne St

    Property size
    2,413 SF
    Property type
    Commercial real estate

    Description

    This exceptional two-family apartment building, located at 41 N Payne St in Quincy, Massachusetts, presents a compelling investment opportunity. Priced at $749,999, this property boasts 2,413 square feet and offers five bedrooms and two bathrooms, spread across two separate units. Each unit features its own independent electrical panel, heating system, and utility meters, providing significant flexibility for owner-occupancy or rental income generation. The building's solid construction promises lasting value, and its prime Quincy location offers easy access to local amenities. The property includes four parking spaces, a valuable asset in a densely populated area. With a rich history spanning over 35 years, this property offers a chance to acquire a piece of Quincy's legacy while capitalizing on its strong rental market. The separate units provide an ideal setup for multi-family living or generating substantial rental income. This is a rare opportunity to acquire a well-maintained property in a desirable location, offering both immediate income potential and long-term appreciation. The property is situated in Norfolk County, MA, zip code 02169. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Quincy
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.0025793
    Latitude
    42.2407142

    Comparable in this City

    • $13,999,000

      New Luxury Apartment Community

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      Multifamily Opportunity in Quincy

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      91-99 Garfield St, Quincy, MA 02169
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      Quincy Duplex Investment Opportunity

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      New Construction Two-Family Home

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      599 Sea St, Quincy, MA 02169
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      Waterfront Two-Family Home

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      10-12 Forbush Ave, Quincy, MA 02169
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      Charming Quincy Two-Family Home

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      313 Washington St, Quincy, MA 02169
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    Similar Nearby for Sale

    • $13,999,000

      New Luxury Apartment Community

      30-unit luxury apartment community near Boston with high-end finishes.
      510 Willard St, Quincy, MA 02169
      View Details
    • $3,850,000

      Multifamily Opportunity in Quincy

      17-unit multifamily property with value-add potential in Quincy, MA.
      91-99 Garfield St, Quincy, MA 02169
      View Details
    • $749,900

      Quincy Duplex Investment Opportunity

      Well-maintained Quincy duplex with strong rental potential near T station.
      42 West St, Quincy, MA 02169
      View Details
    • $1,529,000

      New Construction Two-Family Home

      New construction two-family home in Adams Shore neighborhood.
      599 Sea St, Quincy, MA 02169
      View Details
    • $659,900

      Waterfront Two-Family Home

      Two-family home with waterfront views and tenant income.
      10-12 Forbush Ave, Quincy, MA 02169
      View Details
    • $899,000

      Charming Quincy Two-Family Home

      Well-maintained two-family home near Quincy Center MBTA.
      313 Washington St, Quincy, MA 02169
      View Details

    Similar Nearby for Lease

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      2,484 SF

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      Class A Office Space Available

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      2,200 SF

      Office Space in Quincy, MA

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      2,216 SF

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      2,150 SF

      Quincy Office Space Available

      Office space available for rent in Quincy, Massachusetts.
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    Property Visit Statistics

    • Visits by month
      26.7k
    • Visitors by month
      12.2k
    • Avg Time on site
      11 min
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    41 Payne St
    Quincy, MA 02169
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    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
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