Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    247 Quincy Ave Quincy, MA 02169-6754

    • Retail space
    • 3,024 SF
    • 0.31 lot acres
    OFF-MARKET
    Value Estimations
    $600,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1659945
    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

    • Quincy Nails and Spa / Nail Salon
    • Subway / Take-out & Catering

    Property Details for 247 Quincy Ave

    Year built
    1960
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.31 lot acres
    Property size
    3,024 SF
    Zone code
    BUSB
    Property type
    Retail space
    APN
    QUIN M:2088 B:14
    APU
    QUINM2088B14

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $445,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $815,000
      6.5%
      $750,000
      7%
      $695,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $885,000
      Current use
      AUTO REPAIR, GARAGE
      $975,000
      Change: +10% Conversion: Difficult
      OFFICE BUILDING
      $795,000
      Change: -10% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Quincy
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -70.9903
    Latitude
    42.2409
    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
    $21,319
    $342,600
    $607,000
    $949,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $780,000
      4,500 SF

      283 Quincy Ave, Unit 293

      RETAIL STORES (PERSONAL SERVICES) • 4,500 SF
      283 Quincy Ave, Quincy, MA 02169-8107
      View Details
    • Value Estimation
      $2,455,000
      16,968 SF

      120 Walter J Hannon Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 16,968 SF
      120 Walter J Hannon Pkwy, Quincy, MA 02169
      View Details
    • Value Estimation
      $960,000
      3,824 SF

      582 Washington St, Unit 598

      RETAIL STORES (PERSONAL SERVICES) • 3,824 SF
      582 Washington St, Quincy, MA 02169-7211
      View Details
    • Value Estimation
      $2,645,000
      16,000 SF

      840 Willard St, Unit 866

      RETAIL STORES (PERSONAL SERVICES) • 16,000 SF
      840 Willard St, Quincy, MA 02169-7419
      View Details
    • Value Estimation by Request
      1,153 SF

      54 Bay Vw St

      RETAIL STORES (PERSONAL SERVICES) • 1,153 SF
      54 Bay Vw St, Quincy, MA 02169-5726
      View Details
    • Value Estimation
      $1,200,000
      3,883 SF

      497 Beale St

      RETAIL STORES (PERSONAL SERVICES) • 3,883 SF
      497 Beale St, Quincy, MA 02169-1308
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      99,999 SF

      Versatile Commercial Property For Lease

      Standalone commercial property with two spaces, ideal for multiple tenants.
      16 Brooks Ave, Quincy, MA 02169
      View Details
    • $695,000
      2,090 SF

      Versatile Commercial Property For Sale

      Standalone commercial property with two spaces, ideal for investors.
      12-16 Brooks Ave, Quincy, MA 02169
      View Details
    • Contact for pricing
      14,000 SF

      Spacious Commercial Property Near Quincy Center

      14,000 SF commercial property near Quincy Center.
      90-96 School St, Quincy, MA 02169
      View Details
    • Contact for pricing
      3,812 SF

      Mixed-Use Building in Prime Location

      Mixed-use property with retail and residential units in Quincy.
      259 Copeland St, Quincy, MA 02169
      View Details
    • $1,900,000
      11,943 SF

      Quincy Redevelopment Opportunity

      Mixed-use property in prime Quincy Center location.
      42-52 Federal Ave, Quincy, MA 02169
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,000 SF

      Retail Space in Quincy, MA

      5,000 square foot retail space available for rent.
      190 Washington St, Quincy, MA 02169
      View Details
    • 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
    • $6,000 /Mo
      4,975 SF

      Retail Building in Downtown Quincy

      Freestanding retail building in downtown Quincy, near public transportation.
      198 Parkingway, Quincy, MA 02169
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space on Route 3A

      Retail space with drive-thru opportunity on high-traffic Route 3A.
      635 Washington St, Quincy, MA 02169
      View Details
    • Contact for pricing
      1,316 SF

      Retail Space in Quincy, MA

      Retail space available for lease in Quincy, Massachusetts.
      10-16 Granite St, Quincy, MA 02169
      View Details
    • Contact for pricing
      800 SF

      Retail Space in Quincy, MA

      Retail space available for rent in Quincy, Massachusetts.
      25-39 Temple St, Quincy, MA 02169
      View Details

    Property Visit Statistics

    • Visits by month
      4.7k
    • Visitors by month
      4.1k
    • Avg Time on site
      20 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    247 Quincy Ave
    Quincy, MA 02169-6754
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!