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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Residential income homes
194 School St Quincy, MA 02169
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0494608
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1890
Construction
FRAME
Total area
3,262 SF
Lot
0.24 ac (10,471 SF)
Zoning code
RESC
APN
QUIN M:3056 B:12
UPID
US38-0494608
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
$925k
CAP Approach
CAP
$780k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$925k
Owner & transaction history
Jalbert Properties LLC · 4 yrs held
Jalbert Properties LLC
since 2022
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
RESC · Quincy, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+12.7%
Retail stores
$955,000
+2.2%
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
$785,000
ML approach
$925,000
CAP Approach
CAP Return
Estimation
6%
$845,000
6.5%
$780,000
7%
$725,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$930,000
Current use
AUTO REPAIR, GARAGE
$1,050,000
Change: +13% · Conversion: Difficult
RETAIL STORES
$955,000
Change: +2% · Conversion: Difficult
OFFICE BUILDING
$855,000
Change: -8% · Conversion: Moderate
COMMERCIAL (GENERAL)
$755,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±10% · vs last sale $1.07M (Apr 29 2022)
Last sale anchor
$1.07M
Apr 29 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
$284 / 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
$11,670
Tax year 2024
Assessed value
$1,035,500
Assessed 2024
Previous assessed
$1,035,500
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$298,300
Assessed improvement
$737,200
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1890
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Units
11
Rooms
14
Bathrooms
2
Total area
3,262 SF
Lot
0.24 ac (10,471 SF)
Zoning code
RESC
APN
QUIN M:3056 B:12
UPID
US38-0494608
Jurisdiction
QUINCY
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
RESC · Quincy, MA
Zoning RESC · permitted uses
RESC · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$930,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$955,000
OFFICE BUILDING
Est. value
$855,000
COMMERCIAL (GENERAL)
Est. value
$755,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
1890
Construction
FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Units
11
Rooms
14
Bathrooms
2
Lot
0.24 ac
Current owner
From public records · entity-resolved
Jalbert Properties LLC
Entity
Mailing address
2 MARGIN ST UNIT #182, SALEM, MA 01970-3387
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2022
$1,070,000
Jalbert Properties LLC
Muir RT
Quit Claim Arm's Length For Ne States
$985,000 · Bankgloucester (gloucester Coop Ban
Nov 30, 2012
—
Muir RT
—
Deed Of Trust
related
$370,000 · Hingham Institute For Savings
Mar 9, 2010
—
Muir RT
—
Deed Of Trust
related
$50,000 · Lisa Rogers
Jan 17, 2002
—
Muir RT
—
Deed Of Trust
related
$50,000 · Zwi Kohorn
Jan 14, 1998
$50,000
Joseph F Killion 2nd
Muir RT
Grant Deed
—
Apr 7, 1993
—
Muir RT
—
Deed Of Trust
related
$75,000 · Zwi Kohorn
Sep 29, 1989
$150,000
Muir RT
Fletcher,cathy Est
Grant Deed
$200,000 · Colonial Bank Fsb
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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