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    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
    $19,155,000
    Show details
    Cap Rate Potential
    7.6%
    Grocery and convenience stores
    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 / Bank / Credit Union
    • H Mart at Quincy / Food Market / Farmer's Market
    • H Mart Quincy / (Bike/Boat/Book/etc) Store / Grocery & Convenience Store
    • National Wine & Liquors / Specialty Food Shop / Wine and Liquor Store
    • H Market Eatery Food Hall / Restaurant

    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

      Method
      Estimation
      Statistic approach
      $15,645,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $19,785,000
      6.5%
      $18,265,000
      7%
      $16,960,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $21,500,000
      Current use
      RESTAURANT
      $31,595,000
      Change: +47% Conversion: Easy
      AUTO REPAIR, GARAGE
      $23,705,000
      Change: +10% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $21,030,000
      Change: -2% Conversion: Difficult
      OFFICE BUILDING
      $19,315,000
      Change: -10% Conversion: Easy

    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

    • Value Estimation
      $1,260,000
      8,107 SF

      479 Southern Artery

      GROCERY, SUPERMARKET • 8,107 SF
      479 Southern Artery, Quincy, MA 02169-4621
      View Details
    • Value Estimation
      $11,365,000
      87,036 SF

      497 Southern Artery, Unit 535

      GROCERY, SUPERMARKET • 87,036 SF
      497 Southern Artery, Quincy, MA 02169-4610
      View Details
    • Value Estimation
      $875,000
      5,470 SF

      148 Granite St

      GROCERY, SUPERMARKET • 5,470 SF
      148 Granite St, Quincy, MA 02169-5019
      View Details
    • Value Estimation
      $2,335,000
      15,856 SF

      230 Quincy Ave

      GROCERY, SUPERMARKET • 15,856 SF
      230 Quincy Ave, Quincy, MA 02169-6741
      View Details
    • Value Estimation
      $780,000
      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
      $6,460,000
      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

    • Contact for pricing
      99,999 SF

      Versatile Commercial Property For Lease

      Standalone commercial property with two spaces, ideal for multiple tenants.
      16 Brooks Ave, Quincy, MA 02169
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    • $695,000
      2,090 SF

      Versatile Commercial Property For Sale

      Standalone commercial property with two spaces, ideal for investors.
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      3,812 SF

      Mixed-Use Building in Prime Location

      Mixed-use property with retail and residential units in Quincy.
      259 Copeland St, Quincy, MA 02169
      View Details
    • $3,500,000
      8,038 SF

      Two-Level Commercial Property in Quincy

      Large commercial property with parking and easy highway access.
      77 Federal Ave, Quincy, MA 02169
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    • $1,900,000
      11,943 SF

      Quincy Redevelopment Opportunity

      Mixed-use property in prime Quincy Center location.
      42-52 Federal Ave, Quincy, MA 02169
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    • $1,200,000
      2,201 SF

      Auto Shop on High-Traffic Street

      Auto shop building with three heated bays in high-traffic area.
      254 Centre St, Quincy, MA 02169
      View Details

    Similar Nearby 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
    • Contact for pricing
      5,000 SF

      Retail Space on Route 3A

      Retail space with drive-thru opportunity on high-traffic Route 3A.
      635 Washington St, Quincy, MA 02169
      View Details
    • Contact for pricing
      2,216 SF

      Retail Space in Quincy, MA

      2,216 SF retail space available for rent.
      2 Cliveden St, Quincy, MA 02169
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space in Quincy, MA

      5,000 square foot retail space available for rent.
      190 Washington St, Quincy, MA 02169
      View Details
    • Contact for pricing
      4,200 SF

      Retail Space in Quincy, MA

      Retail space available for lease in Quincy, Massachusetts.
      1-35 Scammell St, Quincy, MA 02169
      View Details
    • Contact for pricing
      800 SF

      Retail Space in Quincy, MA

      Retail space available for rent in Quincy, Massachusetts.
      25-39 Temple St, Quincy, MA 02169
      View Details

    Property Visit Statistics

    • Visits by month
      76.6k
    • Visitors by month
      68.5k
    • Avg Time on site
      37 min
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    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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