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Property profile & analytics
OFF-MARKET
Estimated value
$7,850,000
Industrial properties
216-218 Ricciuti Dr Quincy, MA 02169
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0499931
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
33,758 SF
Lot
5.78 ac (251,777 SF)
Zoning code
INDB
APN
QUIN M:4126A B:67 L:3G
UPID
US38-0499931
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
$7.95M
CAP Approach
CAP
$5.87M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.85M
Owner & transaction history
Levey Tic Holdco LLC · 4 yrs held
Levey Tic Holdco LLC
since 2022
Last sale
$7.8M
7 recorded transactions
Zoning & alternative use
INDB · Quincy, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$10.9M
+96.4%
Retail stores
$9.9M
+78.2%
Apartment house (5+ units)
$9.6M
+74.3%
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
$5,715,000
ML approach
$7,950,000
CAP Approach
CAP Return
Estimation
6%
$6,350,000
6.5%
$5,865,000
7%
$5,445,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,535,000
Current use
AUTO REPAIR, GARAGE
$10,870,000
Change: +96% · Conversion: Easy
RETAIL STORES
$9,860,000
Change: +78% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$9,645,000
Change: +74% · Conversion: Difficult
OFFICE BUILDING
$8,860,000
Change: +60% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,790,000
Change: +41% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,835,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$7.85M
Range $7.07M – $8.64M · ±10% · vs last sale $7.80M (Apr 28 2022)
Last sale anchor
$7.80M
Apr 28 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
$233 / 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
$164,053
Tax year 2024
Assessed value
$7,307,500
Assessed 2024
Previous assessed
$7,307,500
+0.0% YoY
Effective rate
2.24%
On assessed value
Assessed land
$1,758,800
Assessed improvement
$5,548,700
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
2
Rooms
13
Bathrooms
2
Total area
33,758 SF
Lot
5.78 ac (251,777 SF)
Zoning code
INDB
APN
QUIN M:4126A B:67 L:3G
UPID
US38-0499931
Jurisdiction
QUINCY
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
INDB · Quincy, MA
Zoning INDB · permitted uses
INDB · 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
INDUSTRIAL (GENERAL) Current
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$10.9M
RETAIL STORES
Est. value
$9.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.6M
OFFICE BUILDING
Est. value
$8.9M
COMMERCIAL (GENERAL)
Est. value
$7.8M
WAREHOUSE, STORAGE
Est. value
$5.8M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
2
Rooms
13
Bathrooms
2
Lot
5.78 ac
Current owner
From public records · entity-resolved
Levey Tic Holdco LLC
Entity
Mailing address
1900 CROWN COLONY DR STE #405, QUINCY, MA 02169-0980
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
23 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2023
—
216 Ricciuti RT
—
Deed
related
$700,000 · Middlesex Fsla
Jul 1, 2022
—
216 Ricciuti RT
—
Deed
related
$4,000,000 · Middlesex Fsla
Apr 28, 2022
—
Levey Tic Holdco LLC
E1deb LLC
Quit Claim Deed
related
—
Apr 28, 2022
$7,800,000
216 Ricciuti RT
E1deb LLC
Quit Claim Arm's Length For Ne States
—
Aug 3, 2018
—
Eldeb LLC
—
Deed
related
$3,200,000 · Middlesex Fsla
Jul 27, 2018
—
Eldeb LLC
—
Deed
related
$3,200,000 · Middlesex Fsla
Jan 25, 2010
—
Eldeb LLC
—
Deed Of Trust
related
$1,367,000 · Boston Private Bank
Jun 9, 2005
—
Eldeb LLC
—
Deed Of Trust
related
$500,000 · Boston Private Bank
Jun 15, 2001
$2,800,000
Eldeb LLC
3 G RT Est
Grant Deed
$1,600,000 · Boston Private Bank
Jun 28, 1991
—
Three G Rlty Corp
—
Deed Of Trust
related
$1,500,000 · Us Trust Co
Apr 24, 1989
—
Ricciardi,stephen C Tr
—
Deed Of Trust
related
$575,000 · Zmc Trust Et Al 2nd
Feb 23, 1989
$395,155
Stephen A Cahill
Ricciardi,stephen C
Grant Deed
$100,000 · Bankboston Development Co LLC
Oct 20, 1988
$204,000
Ypa Trust
Three G RT
Grant Deed
$25,000 · Chase Manhattan Bank
Oct 5, 1988
—
Three G RT
—
Deed Of Trust
related
$1,075,000 · Bank Of New England
Jun 29, 1988
—
Ricciardi,stephen C Tr
—
Deed Of Trust
related
$4,300,000 · Zuckerman Family Nomi
Jun 3, 1988
—
Ricciardi,stephen Tr
—
Deed Of Trust
related
$316,700 · Zwi Kohorn
May 27, 1988
$416,000
Three G RT
Ruscitto,p C Exr
Grant Deed
$1,100,000 · Us Trust Norfolk
Apr 15, 1988
$131,750
Stephen C Riccardi
Ruscitto Peter Est
Grant Deed
—
Feb 4, 1988
—
Stephen C Ricciardi Tr
—
Deed Of Trust
related
$10,000 · Chase Manhattan Bank
Jan 22, 1988
$131,750
Ricciardi,stephen C Tr
Ruscitto P G Est
Trustees Deed
—
Apr 17, 1987
$1,759,725
Yankee Park Associates
Ruscitto P Est Of
Grant Deed
$2,100,000 · Yankee Bk Svgs Fsb
—
—
Eldeb LLC
—
Deed Of Trust
related
$3,200,000 · Middlesex Fsla
—
—
Eldeb LLC
—
Deed Of Trust
related
$3,200,000 · Middlesex Fsla
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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