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Property profile & analytics
OFF-MARKET
Estimated value
$5,930,000
Office buildings
218 Willard St 226, Quincy, MA 02169-1518
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US38-0397263
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
23,355 SF
Lot
0.59 ac (25,736 SF)
Zoning code
BUSB
APN
QUIN M:4066 B:2 L:24
UPID
US38-0397263
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
-
Pan Healing Wellness Center Alternative Medicine Practice Spa & Massage Center
-
Captain's Cove Marina Office Marina
-
South Shore Autism Center Quincy Crisis Center Medical Clinic
-
Crowd Lending Inc. Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.94M
Blend (final)
Blend
$5.93M
Owner & transaction history
Wq 3 Hldgs LLC · 7 yrs held
Wq 3 Hldgs LLC
since 2019
7 recorded transactions
Zoning & alternative use
BUSB · Quincy, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.5M
+22.7%
Retail stores
$6.8M
+11.3%
Apartment house (5+ units)
$6.7M
+8.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,130,000
Current use
AUTO REPAIR, GARAGE
$7,520,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$6,820,000
Change: +11% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$6,670,000
Change: +9% · Conversion: Easy
COMMERCIAL (GENERAL)
$5,390,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$5.93M
Range $5.34M – $6.52M · ±10%
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
$254 / 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
$133,883
Tax year 2024
Assessed value
$5,963,600
Assessed 2024
Previous assessed
$5,963,600
+0.0% YoY
Effective rate
2.25%
On assessed value
Assessed land
$703,900
Assessed improvement
$5,259,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
1
Rooms
12
Bathrooms
6
Total area
23,355 SF
Lot
0.59 ac (25,736 SF)
Zoning code
BUSB
APN
QUIN M:4066 B:2 L:24
UPID
US38-0397263
Jurisdiction
QUINCY
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
BUSB · Quincy, MA
Zoning BUSB · permitted uses
BUSB · 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
OFFICE BUILDING Current
Est. value
$6.1M
AUTO REPAIR, GARAGE
Est. value
$7.5M
RETAIL STORES
Est. value
$6.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.7M
COMMERCIAL (GENERAL)
Est. value
$5.4M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
1
Rooms
12
Bathrooms
6
Lot
0.59 ac
Current owner
From public records · entity-resolved
Wq 3 Hldgs LLC
Entity
Mailing address
245 WILLARD ST STE #100, QUINCY, MA 02169-1672
Ownership since
2019
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
Jun 20, 2019
$1,500,000
Wq 3 Hldgs LLC
218 Willard Street
Quit Claim Deed
$4,834,000 · Bank Of Canton
Aug 5, 2014
—
218 Willard Street RT
—
Grant Deed
related
$500,000 · Brookline Svgs Bk
Jan 27, 2012
—
Southern Artery Corp
—
Deed Of Trust
related
$300,000 · New Bedford Economic Development Council
May 8, 2009
—
218 Willard Street RT
—
Deed Of Trust
related
$5,700,000 · East Boston Savings Bank
Mar 31, 2009
—
218 Willard Street RT
—
Deed Of Trust
related
$950,000 · East Boston Savings Bank
Sep 2, 1998
$295,000
Ricciardi,lygeia M Tr
Sevelen LLC
Grant Deed
$695,000 · Brookline Savings Bank
Sep 2, 1998
—
Ricciardi,lygeia M Tr
—
Deed Of Trust
related
$150,000 · Zwi Kohorn
Mar 9, 1998
$290,000
Sevelen LLC
Ricciardi Paul Est
Grant Deed
—
Apr 26, 1988
—
Paul Ricciardi
—
Deed Of Trust
related
$500,000 · Bank Of New England
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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