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    Property profile & analytics

    121 Standish Ave, Unit A Quincy, MA 02170

    • Retail space
    • 2,655 SF
    • 0.06 lot acres
    For Lease
    View listing
    $2,800 /Mo
    Last Sale
    Oct 22, 2021
    $938,000
    Value Estimations
    $945,000
    Cap Rate Potential
    4.1%
    Retail space
    Location Intelligence
    Property ID
    US38-0220248
    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

    • Everest Market Convenience Store / Convenience Store
    • UPS Access Point location / Shipping And Mailing Service / Mailing Service
    • Unbank Bitcoin ATM / Atm
    • A Kool Solution LLC / Engineering Consultant / Banking And Finance

    Property Details for 121 Standish Ave

    Year built
    1940
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.06 lot acres
    Property size
    2,655 SF
    Zone code
    BUSB
    Property type
    Retail space
    APN
    QUIN M:5085 B:23 L:95
    APU
    QUINM5085B23L95

    Description

    This exceptional commercial property at 121 Standish Ave, Quincy, MA presents a unique investment opportunity. Situated on a 0.06-acre lot, this property offers a blend of immediate income and significant future potential. Currently featuring one commercial unit operating under a net-net-net (NNN) lease, providing a stable income stream, and an additional vacant unit, this property is ideally positioned for growth. The location is highly desirable, less than a mile from the Wollaston T Station and Quincy's vibrant Hancock Street, placing it within easy reach of Quincy Center's thriving business and retail district. Its excellent visibility and accessibility make it an attractive proposition for a variety of uses. The property's zoning allows for both commercial use and redevelopment, opening up exciting possibilities. Envision a mixed-use development, a larger commercial facility, or even a residential condominium project on this strategically located site. This property offers a compelling combination of immediate return on investment through the existing NNN lease and substantial long-term growth potential through redevelopment. The proximity to public transportation and Quincy's robust economy further enhances its appeal. Don't miss this chance to acquire a prime commercial property in a rapidly developing area. The asking price is $1,280,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,040,000
      ML approach
      $1,115,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $715,000
      6.5%
      $660,000
      7%
      $610,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $800,000
      Current use
      AUTO REPAIR, GARAGE
      $855,000
      Change: +7% Conversion: Difficult
      OFFICE BUILDING
      $705,000
      Change: -12% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Quincy
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.0125
    Latitude
    42.2628
    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
    $16,117
    $222,600
    $495,300
    $717,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $395,000
      1,744 SF

      799 Hancock St

      RETAIL STORES (PERSONAL SERVICES) • 1,744 SF
      799 Hancock St, Quincy, MA 02170-3811
      View Details
    • Value Estimation
      $1,270,000
      56,379 SF

      135 Newport Ave, Unit 141

      RETAIL STORES (PERSONAL SERVICES) • 56,379 SF
      135 Newport Ave, Quincy, MA 02170-1714
      View Details
    • Value Estimation
      $425,000
      6,228 SF

      9-13 Brk St

      RETAIL STORES (PERSONAL SERVICES) • 6,228 SF
      9-13 Brk St, Quincy, MA 02170
      View Details
    • Value Estimation
      $400,000
      1,974 SF

      26-28 Hobart St

      RETAIL STORES (PERSONAL SERVICES) • 1,974 SF
      26-28 Hobart St, Quincy, MA 02170
      View Details
    • Value Estimation
      $360,000
      4,422 SF

      809 Hancock St

      RETAIL STORES (PERSONAL SERVICES) • 4,422 SF
      809 Hancock St, Quincy, MA 02170-3811
      View Details
    • Value Estimation
      $410,000
      6,464 SF

      676 Hancock St

      RETAIL STORES (PERSONAL SERVICES) • 6,464 SF
      676 Hancock St, Quincy, MA 02170-2814
      View Details

    Similar Nearby for Sale

    • $947,000

      Wollaston Two-Family Home

      Two-family home in Wollaston near transportation, shops, and restaurants.
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    • $1,049,000

      Wollaston Beach Two-Family Home

      Two-family home near Wollaston Beach with desirable features.
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    • $849,900

      Large Two-Family Home Near Transit

      Two-unit property near Wollaston train station, ideal for investors.
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    • $799,000

      Renovation Opportunity Near Wollaston Beach

      Two-family house in Merrymount, prime for renovation.
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    • $949,900

      Wollaston Two-Family Home

      Two-family home in Quincy's Wollaston neighborhood, near Red Line.
      129-131 Pine St, Quincy, MA 02170
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    Similar Nearby for Lease

    • Contact for pricing
      2,488 SF

      Retail Space in Quincy, MA

      Retail property available for lease in Quincy, Massachusetts.
      680 Hancock St, Quincy, MA 02170
      View Details
    • $1,200 /Mo
      322 SF

      Office Space Near Wollaston Station

      Office suite for rent, conveniently located near Wollaston Station.
      299 Newport Avenue Ext, Quincy, MA 02170
      View Details
    • Contact for pricing
      3,116 SF

      Office Space in Quincy, MA

      3,116 SF office space available for rent.
      162 Old Colony Ave, Quincy, MA 02170
      View Details
    • Contact for pricing
      15,000 SF

      Quincy Office Space Available

      15,000 square foot office space for rent in Quincy.
      62 Wendell Ave, Quincy, MA 02170
      View Details
    • $1,200 /Mo

      Office Space Near Wollaston Station

      Office suite for rent directly across from Wollaston T station.
      299 Newport Ave, Quincy, MA 02170
      View Details
    • $2,800 /Mo

      Residential Property for Rent

      Single family and residential income property available for rent.
      121 Standish Ave, Quincy, MA 02170
      View Details
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    Quincy, MA 02170
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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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