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Property profile & analytics
OFF-MARKET
Estimated value
$8,210,000
Retail space
1469 Hancock St 1489, Quincy, MA 02169-5235
Entity Owned
3-yr Hold
Free & Clear
Property ID
US38-1298971
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1933
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
44,404 SF
Lot
0.52 ac (22,785 SF)
Zoning code
BUSC
APN
QUIN M:1148 B:20 L:2
UPID
US38-1298971
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
$8.38M
CAP Approach
CAP
$11.02M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.21M
Owner & transaction history
Tremont Quincy 2 LLC · 3 yrs held
Tremont Quincy 2 LLC
since 2023
Last sale
$7.9M
1 recorded transaction
Zoning & alternative use
BUSC · Quincy, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$8,665,000
ML approach
$8,375,000
CAP Approach
CAP Return
Estimation
6%
$11,935,000
6.5%
$11,020,000
7%
$10,230,000
Alternative Use
Use
Estimation
RETAIL STORES
$12,970,000
Current use
APARTMENT HOUSE (5+ UNITS)
$12,685,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$11,650,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$8.21M
Range $7.39M – $9.03M · ±10% · vs last sale $7.90M (Jan 31 2023)
Last sale anchor
$7.90M
Jan 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
$185 / 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
$99,905
Tax year 2024
Assessed value
$4,450,100
Assessed 2024
Previous assessed
$4,450,100
+0.0% YoY
Effective rate
2.25%
On assessed value
Assessed land
$768,500
Assessed improvement
$3,681,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1933
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
2
Rooms
4
Bathrooms
4
Total area
44,404 SF
Lot
0.52 ac (22,785 SF)
Zoning code
BUSC
APN
QUIN M:1148 B:20 L:2
UPID
US38-1298971
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
RETAIL STORES Current
Est. value
$13.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.7M
OFFICE BUILDING
Est. value
$11.7M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
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
1933
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
2
Rooms
4
Bathrooms
4
Lot
0.52 ac
Current owner
From public records · entity-resolved
Tremont Quincy 2 LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1469 HANCOCK ST #1489, QUINCY, MA 02169-5235
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2023
$7,900,000
Tremont Quincy 2 LLC
Walcott Corp
Quit Claim Arm's Length For Ne States
—
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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