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Property profile & analytics
FOR LEASE
Office buildings
1515 Hancock St 203, Quincy, MA 02169
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0594175
For Lease
1 / 12
$129-$18,702/Mo
1515 Hancock St,Unit 203, Quincy, MA 02169
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1930
Construction
STEEL FRAME
Total area
133,932 SF
Lot
0.8 ac (34,731 SF)
Zoning code
BUSC
APN
QUIN M:1148 B:7 L:A
UPID
US38-0594175
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
-
Schatzel Counseling Group, PC Counselor Psychotherapist
-
Averhealth Medical Clinic
-
Bailemos Dance Studio-Quincy Training Center
-
Magic Bowl - Acai Bowls, Smoothies & Coffees Specialty Food Shop (Bike/Boat/Book/etc) Store
-
Social Security Administration Social Security Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.59M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.70M
Owner & transaction history
1515 Hancock Street Nt · 4 yrs held
1515 Hancock Street Nt
since 2022
Last sale
$18.0M
7 recorded transactions
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
$13,190,000
ML approach
$9,590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$14.70M
Range $13.23M – $16.16M · ±10% · vs last sale $18.00M (Jul 1 2022)
Last sale anchor
$18.00M
Jul 1 2022
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
$110 / 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
$421,160
Tax year 2024
Assessed value
$18,759,900
Assessed 2024
Previous assessed
$18,759,900
+0.0% YoY
Effective rate
2.25%
On assessed value
Assessed land
$831,100
Assessed improvement
$17,928,800
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
1930
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
4
Units
4
Rooms
16
Bathrooms
8
Total area
133,932 SF
Lot
0.8 ac (34,731 SF)
Zoning code
BUSC
APN
QUIN M:1148 B:7 L:A
UPID
US38-0594175
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.
Building & site characteristics
From public records
Year built
1930
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
1
Units
4
Rooms
16
Bathrooms
8
Lot
0.8 ac
Current owner
From public records · entity-resolved
1515 Hancock Street Nt
Individual
Mailing address
320 WASHINGTON ST3FF, BROOKLINE, MA 02445-6873
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2022
$18,000,000
1515 Hancock Street Nt
1515 Hancock
Quit Claim Arm's Length For Ne States
$13,500,000 · Mountain 1st Bank & Trust Co
Sep 30, 2014
$7,500,000
1515 Hancock LLC
Quince LP
Quit Claim Arm's Length For Ne States
$5,625,000 · Mountainone Bk
Mar 5, 2014
—
Quince LP
—
Deed Of Trust
related
$2,402,560 · Joanne Melikia Cate
Feb 27, 2009
—
Quince Corp
—
Deed Of Trust
related
$3,800,000 · Newalliance Bank
May 31, 2001
$9,270,000
Quince LP
Hancock St LLC
Grant Deed
—
May 4, 2000
$7,650,000
Hancock St LLC
Oak Bridge LP
Grant Deed
—
Feb 10, 1999
—
Oak Bridge LP
—
Deed Of Trust
related
$6,200,000 · Zuckerman Family Nomi
May 1, 1998
$5,650,000
Oak Bridge LP
Ford Credit Internatl
Grant Deed
$4,300,000 · Brookline Savings Bank
Feb 6, 1987
$1,600,000
Center Rlty Trust
Shechtman,daniel
Grant Deed
—
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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