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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    101 Fls Blvd Quincy, MA 02169-8126

    • Grocery and convenience stores
    • 73,614 SF
    • 9.81 lot acres
    OFF-MARKET
    Last Sale
    Feb 08, 2022
    $21,350,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0643498
    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

    • Coinstar Kiosk / Money Transfer Service
    • H Mart at Quincy / Market
    • H Mart Quincy / Asian Grocery Store / Grocery Store
    • National Wine & Liquors / Liquor Store / Wine Store
    • H Market Eatery Food Hall / Food Court

    Property Details for 101 Fls Blvd

    Year built
    1995
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    9.81 lot acres
    Property size
    73,614 SF
    Zone code
    PUD
    Property type
    Grocery and convenience stores
    APN
    QUIN M:2087 B:64 L:5
    APU
    QUINM2087B64L5

    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
    -70.9842
    Latitude
    42.2377
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $451,548
    $3,381,800
    $16,731,700
    $20,113,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $510,000
      8,107 SF

      479 Southern Artery

      GROCERY, SUPERMARKET • 8,107 SF
      479 Southern Artery, Quincy, MA 02169-4621
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    • Value Estimation
      $1,135,000
      87,036 SF

      497 Southern Artery, Unit 535

      GROCERY, SUPERMARKET • 87,036 SF
      497 Southern Artery, Quincy, MA 02169-4610
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    • Value Estimation
      $390,000
      5,470 SF

      148 Granite St

      GROCERY, SUPERMARKET • 5,470 SF
      148 Granite St, Quincy, MA 02169-5019
      View Details
    • Value Estimation
      $730,000
      15,856 SF

      230 Quincy Ave

      GROCERY, SUPERMARKET • 15,856 SF
      230 Quincy Ave, Quincy, MA 02169-6741
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    • Value Estimation
      $440,000
      4,500 SF

      283 Quincy Ave, Unit 293

      RETAIL STORES (PERSONAL SERVICES) • 4,500 SF
      283 Quincy Ave, Quincy, MA 02169-8107
      View Details
    • Value Estimation
      $1,000,000
      40,528 SF

      196 Ricciuti Dr

      SHOW ROOM, WAREHOUSE • 40,528 SF
      196 Ricciuti Dr, Quincy, MA 02169-6399
      View Details

    Similar Nearby for Sale

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      Versatile Commercial Property For Sale

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      Auto Shop on High-Traffic Street

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      Mixed-Use Building in Prime Location

      Mixed-use property with retail and residential units in Quincy.
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      High-Visibility Quincy Commercial Building

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    Similar Nearby for Lease

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      2,216 SF

      Retail Space in Quincy, MA

      2,216 SF retail space available for rent.
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      1,316 SF

      Retail Space in Quincy, MA

      Retail space available for lease in Quincy, Massachusetts.
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      2,125 SF

      Retail Space in President’s Plaza

      2,125 SF retail space available now with ample parking.
      225 Quincy Ave, Quincy, MA 02169
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      2,125 SF

      Prime Pad Site Opportunity

      Pad site available for ground lease or build to suit.
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      Retail Space in Quincy, MA

      Retail space available for rent in Quincy, Massachusetts.
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    • $13 SF/Yr

      Quincy Center Commercial Space Available

      Commercial space for lease in downtown Quincy Center.
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    Property Visit Statistics

    • Visits by month
      76.6k
    • Visitors by month
      68.5k
    • Avg Time on site
      37 min
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    101 Fls Blvd
    Quincy, MA 02169-8126
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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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