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Property profile & analytics
OFF-MARKET
Estimated value
$1,090,000
Investment properties
116 Franklin St Quincy, MA 02169-7835
Entity Owned
2-yr Hold
Property ID
US38-1678739
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1924
Construction
FRAME
Total area
3,662 SF
Lot
0.17 ac (7,610 SF)
Zoning code
BUSB
APN
QUIN M:3009 B:1 L:A
UPID
US38-1678739
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.25M
CAP Approach
CAP
$1.08M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.09M
Owner & transaction history
Damarose Place LLC · 2 yrs held
Damarose Place LLC
since 2023
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
BUSB · Quincy, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+39.6%
Retail stores
$1.1M
+26.6%
Office building
$960,000
+13.7%
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
$1,205,000
ML approach
$1,250,000
CAP Approach
CAP Return
Estimation
6%
$1,165,000
6.5%
$1,075,000
7%
$1,000,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$845,000
Current use
AUTO REPAIR, GARAGE
$1,180,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$1,070,000
Change: +27% · Conversion: Easy
OFFICE BUILDING
$960,000
Change: +14% · Conversion: Easy
Blend value · Realmo final
$1.09M
Range $981k – $1.20M · ±10% · vs last sale $1.10M (Jul 31 2023)
Last sale anchor
$1.10M
Jul 31 2023
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
$298 / 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
Assessed value
$849,800
Assessed 2024
Previous assessed
$849,800
+0.0% YoY
Assessed land
$270,200
Assessed improvement
$579,600
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1924
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
2
Rooms
6
Total area
3,662 SF
Lot
0.17 ac (7,610 SF)
Zoning code
BUSB
APN
QUIN M:3009 B:1 L:A
UPID
US38-1678739
Jurisdiction
QUINCY
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
BUSB · Quincy, MA
Zoning BUSB · permitted uses
BUSB · 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
COMMERCIAL (GENERAL) Current
Est. value
$845,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING
Est. value
$960,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
1924
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
2
Rooms
6
Lot
0.17 ac
Current owner
From public records · entity-resolved
Damarose Place LLC
Entity
Mailing address
116 FRANKLIN ST, QUINCY, MA 02169-7835
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2023
$1,100,000
Damarose Place LLC
Buonfiglio Family LLC
Quit Claim Arm's Length For Ne States
$650,000 · Buonfiglio Family LLC
Jun 28, 2021
—
Buonfiglio Family LLC
Franklin St Quincy RT
Quit Claim Deed
related
—
Oct 29, 2020
—
Franklin Street Quincy RT
—
Deed
related
$1,930,000 · Salem Five Cents Savings Bank
Oct 7, 2019
—
Franklin,street Q Trust
Boston Cremation LLC
Quit Claim Deed
related
—
Dec 12, 2018
$420,000
Boston Cremation LLC
Bolea,michael A
Quit Claim Deed
$1,900,000 · Live Oak Bkng Co
Dec 9, 2008
—
Michael A Bolea
—
Deed Of Trust
related
$400,000 · Mansfield Capital Bank
Jun 21, 2005
$1
Michael A Bolea
Bolea Nt
Grant Deed
related
—
Apr 15, 2004
—
Bolea Nt
—
Deed Of Trust
related
$75,000 · South Shore Cp 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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