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    Property profile & analytics

    299 Ctr St Quincy, MA 02169-7556

    • Auto shops
    • 12,856 SF
    • 0.53 lot acres
    OFF-MARKET
    Last Sale
    Sep 21, 2022
    $3,000,000
    Value Estimations
    $2,200,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0687023
    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

    • Schlager Auto Body Repair Inc / Auto Body Shop
    • Schlager's Site Development / Excavating Contractor
    • Schlager's Automobile Body / Auto Wrecker

    Property Details for 299 Ctr St

    Year built
    1955
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.53 lot acres
    Property size
    12,856 SF
    Zone code
    INDA
    Property type
    Auto shops
    APN
    QUIN M:3096 B:1
    APU
    QUINM3096B1

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,200,000
      ML approach
      $2,565,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Quincy
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.0135
    Latitude
    42.2357
    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
    $47,980
    $526,000
    $1,611,200
    $2,137,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $600,000
      19,295 SF

      45 Fld St

      AUTO REPAIR, GARAGE • 19,295 SF
      45 Fld St, Quincy, MA 02169-4605
      View Details
    • Value Estimation
      $480,000
      7,654 SF

      65 School St

      AUTO REPAIR, GARAGE • 7,654 SF
      65 School St, Quincy, MA 02169-6636
      View Details
    • Value Estimation
      $425,000
      7,518 SF

      706 Adams St

      AUTO REPAIR, GARAGE • 7,518 SF
      706 Adams St, Quincy, MA 02169-1338
      View Details
    • Value Estimation
      $525,000
      1,860 SF

      138-140 Brk Rd

      AUTO REPAIR, GARAGE • 1,860 SF
      138-140 Brk Rd, Quincy, MA 02169
      View Details
    • Value Estimation
      $370,000
      2,668 SF

      481 Quincy Ave

      AUTO REPAIR, GARAGE • 2,668 SF
      481 Quincy Ave, Quincy, MA 02169-8118
      View Details
    • Value Estimation
      $355,000
      3,600 SF

      324 Quincy Ave

      AUTO REPAIR, GARAGE • 3,600 SF
      324 Quincy Ave, Quincy, MA 02169-8108
      View Details

    Similar Nearby for Sale

    • $1,200,000
      2,201 SF

      Auto Shop on High-Traffic Street

      Auto shop building with three heated bays in high-traffic area.
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    • $899,000
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      Mixed-Use Building in Prime Location

      Mixed-use property with retail and residential units in Quincy.
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      99,999 SF

      Versatile Commercial Property For Lease

      Standalone commercial property with two spaces, ideal for multiple tenants.
      16 Brooks Ave, Quincy, MA 02169
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    • $3,900,000

      Two-Level Commercial Property in Quincy

      Large commercial property with parking and easy highway access.
      77 Federal Ave, Quincy, MA 02169
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    • $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
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    • $675,000
      0.08 Acres

      High-Visibility Quincy Commercial Building

      Prime Location, High Traffic, Investment Opportunity
      761 Southern Artery, Quincy, MA 02169
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    Similar Nearby for Lease

    • Contact for pricing

      Quincy Shipyard Parking Lot Rental

      138-space parking lot in Quincy Shipyard, ideal for transportation.
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      View Details
    • Contact for pricing
      10,000 SF

      Retail Space in Quincy Center

      Customizable retail space in a vibrant, accessible Quincy location.
      86 Parkingway, Quincy, MA 02169
      View Details
    • Contact for pricing

      Prime Location Land Opportunity

      0.87 acres available on Route 3A in Quincy, MA.
      Quincy, MA 02169
      View Details
    • Contact for pricing
      2,216 SF

      Retail Space in Quincy, MA

      2,216 SF retail space available for rent.
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      View Details
    • Contact for pricing
      16,412 SF

      Quincy Retail/Medical Space For Lease

      16,412 SF, 88 Parking Spaces, Prime Location
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      View Details
    • Contact for pricing
      573,249 SF

      Quincy Retail Center - 16 Acres

      Prime Quincy retail space, 573,249 sqft.
      1800 Crown Colony Dr, Quincy, MA 02169
      View Details
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    299 Ctr St
    Quincy, MA 02169-7556
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    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
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