Property profile

29 Hancock St Quincy, MA 02171

OFF-MARKET
Motels
Property ID
US38-1061973
56,064 SF 5.04 ac lot Built 1961
Entity Owned 11-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1961
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 56,064 SF
Lot 5.04 ac (219,542 SF)
Zoning code BUSC
APN QUIN M:6169 B:44 L:2
UPID US38-1061973

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bar & Pub Restaurant
  • Hotel & Motel
  • Atm
  • Tour Operator

Location

29 Hancock St Quincy, MA 02171-1707
Quincy metro Census 417201 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.96M

Owner & transaction history

since 2014
5 recorded transactions
2014
$8.0M
1998
Price N/A
1996
Price N/A
1994
Price N/A
1994
$1.3M

Zoning & alternative use

BUSC · Quincy, MA
Top alternative use upside
Auto repair, garage $7.1M +525.0%
Medical building $6.4M +462.6%
Retail stores $4.9M +329.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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