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Property profile & analytics
FOR LEASE
Office buildings
111 Washington St, Quincy, MA 02169
Individually Owned
8-yr Hold
Free & Clear
Property ID
US38-1207311
For Lease
1 / 3
$6,690,000
111 Washington St, Quincy, MA 02169
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
26,013 SF
Lot
0.46 ac (19,831 SF)
Zoning code
BUSC
APN
QUIN M:1137 B:8 L:6
UPID
US38-1207311
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Alliance Dental Center, Llc Dental Office
-
Gallagher Insurance, Risk Management & Consulting Insurance Agency
-
Keller Williams Realty Corporate Office
-
Sergio/Keller Williams Realty Real Estate Agency
-
Marcia Francis Realtor Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.95M
Blend (final)
Blend
$6.69M
Owner & transaction history
Coml Hldgs Galvin · 8 yrs held
Coml Hldgs Galvin
since 2018
3 recorded transactions
Zoning & alternative use
BUSC · Quincy, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$8.4M
+22.7%
Retail stores
$7.6M
+11.3%
Apartment house (5+ units)
$7.4M
+8.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Quincy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Quincy submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,825,000
Current use
AUTO REPAIR, GARAGE
$8,375,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$7,600,000
Change: +11% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$7,430,000
Change: +9% · Conversion: Easy
COMMERCIAL (GENERAL)
$6,005,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$6.69M
Range $6.02M – $7.36M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$257 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$153,322
Tax year 2024
Assessed value
$6,829,500
Assessed 2024
Previous assessed
$6,829,500
+0.0% YoY
Effective rate
2.24%
On assessed value
Assessed land
$556,700
Assessed improvement
$6,272,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
3
Units
6
Rooms
6
Bathrooms
6
Total area
26,013 SF
Lot
0.46 ac (19,831 SF)
Zoning code
BUSC
APN
QUIN M:1137 B:8 L:6
UPID
US38-1207311
Jurisdiction
QUINCY
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
BUSC · Quincy, MA
Zoning BUSC · permitted uses
BUSC · Quincy, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Quincy. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$6.8M
AUTO REPAIR, GARAGE
Est. value
$8.4M
RETAIL STORES
Est. value
$7.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.4M
COMMERCIAL (GENERAL)
Est. value
$6.0M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
3
Buildings
1
Units
6
Rooms
6
Bathrooms
6
Lot
0.46 ac
Current owner
From public records · entity-resolved
Coml Hldgs Galvin
Individual
Free & Clear · 8 yrs held
Mailing address
245 WILLARD ST, QUINCY, MA 02169-1671
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2018
—
Coml Hldgs Galvin
Galvcon Dev LLC
Quit Claim Deed
related
—
Sep 27, 2016
—
Galvcon Development Ll
—
Deed
related
$5,172,500 · Equitable Cooperative Bank
Aug 20, 2015
$1,525,000
Galvcon Development LLC
R Ravech&son Realty Ll
Quit Claim Arm's Length For Ne States
$1,220,000 · Weymouth Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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