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    Property profile & analytics

    231 Palmer St Quincy, MA 02169-3931

    • Investment properties
    • 2,693 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimation
    $520,000
    Last Sale
    Mar 30, 2021
    $450,000
    Location Intelligence
    Property ID
    US38-0692049
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Palmer Street Market / Grocery Store
    • UPS Access Point location / Shipping And Mailing Service / Mailing Service
    • Certified Appliance Repair Quincy / Refrigerator Repair Service / Washer & Dryer Repair Service
    • Palmer Rank Street Market Inc / Grocery Store

    Property Details for 231 Palmer St

    Year built
    1940
    Construction
    FRAME
    Lot size
    0.23 lot acres
    Property size
    2,693 SF
    Zone code
    RESA
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    QUIN M:1094X B:15
    APU
    QUINM1094XB15

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $525,000

    • CAP approach

      CAP return
      Estimation
      6%
      $545,000
      6.5%
      $535,000
      7%
      $565,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $510,000
      Geo Method
      $470,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $420,000
      Retail
      $480,000
      Mixed-Use
      $405,000
      Hospitality
      $420,000
      Educational
      $520,000
      Residential Income
      $450,000
      Energy
      $475,000
      Income-Based Land
      $545,000
      Food Service
      $450,000

    Location Insight

    • Map
    • Local Demand
    City
    Quincy
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -70.9704
    Latitude
    42.2567
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $0.00
    $221,300
    $362,700
    $584,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.35 Acres

      39 Water St, Unit 47

      OFFICE/RESIDENTIAL (MIXED USE) • 0.35 Acres
      39 Water St, Quincy, MA 02169-6630
      View Details
    • Value Estimation by Request
      0.26 Acres

      65-67 Liberty St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.26 Acres
      65-67 Liberty St, Quincy, MA 02169
      View Details
    • Value Estimation by Request
      124,274 SF

      1500 Hancock St

      OFFICE/RESIDENTIAL (MIXED USE) • 124,274 SF
      1500 Hancock St, Quincy, MA 02169-5071
      View Details
    • Value Estimation by Request
      3,568 SF

      23-25 Copeland St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,568 SF
      23-25 Copeland St, Quincy, MA 02169
      View Details
    • Value Estimation by Request
      7,685 SF

      75 Franklin St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,685 SF
      75 Franklin St, Quincy, MA 02169-7823
      View Details
    • Value Estimation
      $1,115,000
      4,658 SF

      545-547 Washington St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,658 SF
      545-547 Washington St, Quincy, MA 02169
      View Details

    Similar Nearby for Sale

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      Prime development land near transportation and multi-family developments.
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      Five-unit multifamily property near transportation, shopping, and dining.
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      Hough's Neck Multifamily Investment

      Well-maintained 6-unit property with income potential in a growing neighborhood.
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    Similar Nearby for Lease

    • Contact for pricing
      2,216 SF

      Retail Space in Quincy, MA

      2,216 SF retail space available for rent.
      2 Cliveden St, Quincy, MA 02169
      View Details
    • Contact for pricing
      2,200 SF

      Office Space in Quincy, MA

      Office space available for lease in Quincy, Massachusetts.
      500 Congress St, Quincy, MA 02169
      View Details
    • Contact for pricing
      4,752 SF

      Class A Office Space, Quincy

      Premier office space in Crown Colony Office Park, Quincy, MA.
      1900 Crown Colony Dr, Quincy, MA 02169
      View Details
    • $31 SF/Yr
      240,000 SF

      Class A Office Space Available

      Premium office building with efficient layout and covered parking.
      2000 Crown Colony Dr, Quincy, MA 02169
      View Details
    • Contact for pricing
      2,150 SF

      Quincy Office Space Available

      Office space available for rent in Quincy, Massachusetts.
      186-192 Willard St, Quincy, MA 02169
      View Details
    • Contact for pricing
      2,484 SF

      Quincy Flex/Industrial Space Available

      2,484 SF flex/industrial space for rent in Quincy, MA.
      30 Morrison St, Quincy, MA 02169
      View Details
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    231 Palmer St
    Quincy, MA 02169-3931
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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