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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Turn key restaurants
609 Washington St Quincy, MA 02169-7206
Entity Owned
4-yr Hold
Property ID
US38-0216831
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1910
Construction
FRAME
Total area
2,690 SF
Lot
0.19 ac (8,370 SF)
Zoning code
BUSB
APN
QUIN M:2067A B:2
UPID
US38-0216831
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
-
Hightops Premium Cannabis Dispensary (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$850k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$943k
Blend (final)
Blend
$795k
Owner & transaction history
609 Washington Street LLC · 4 yrs held
609 Washington Street LLC
since 2021
Last sale
$690,000
7 recorded transactions
Zoning & alternative use
BUSB · Quincy, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$805,000
ML approach
$850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$795k
Range $716k – $875k · ±10% · vs last sale $690k (Dec 20 2021)
Last sale anchor
$690k
Dec 20 2021
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
$296 / 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
$16,079
Tax year 2024
Assessed value
$716,200
Assessed 2024
Previous assessed
$716,200
+0.0% YoY
Effective rate
2.25%
On assessed value
Assessed land
$276,100
Assessed improvement
$440,100
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1910
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Units
1
Rooms
3
Bathrooms
2
Total area
2,690 SF
Lot
0.19 ac (8,370 SF)
Zoning code
BUSB
APN
QUIN M:2067A B:2
UPID
US38-0216831
Jurisdiction
QUINCY
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
BUSB · Quincy, MAZoning BUSB · permitted uses
BUSB · Quincy, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1910
Construction
FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Units
1
Rooms
3
Bathrooms
2
Lot
0.19 ac
Current owner
From public records · entity-resolved
609 Washington Street LLC
Entity
Mailing address
609 WASHINGTON ST, QUINCY, MA 02169-7206
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2021
$690,000
609 Washington Street LLC
George Pepdjonovic
Quit Claim Arm's Length For Ne States
$517,500 · Rockland Trust Co
Dec 3, 2018
—
George Pepdjonovic
—
Deed
related
$393,750 · Velocity Com'l Cap
Jul 1, 2016
—
George Pepdjonovic
—
Deed
related
$247,000 · Velocity Com'l Cap
Jun 2, 2016
—
Maura R Brennick
Our House Realty Trust
Quit Claim Deed
related
—
Jan 15, 2016
—
Our House Realty Trust
Mgm Holdings LLC
Quit Claim Deed
related
—
Jan 23, 2013
$260,000
Our House RT
Mgm Holdings LLC
Grant Deed
$300,000 · Denis Crowley
Mar 28, 2007
$225,000
Mgm Holdings LLC
T&m RT
Grant Deed
$300,000 · Denis Crowley
May 3, 1995
$200,000
T RT
Ninichello,michael J
Grant Deed
$199,000 · Zenon Grzybowski
Aug 9, 1989
—
Michael J Minichello
—
Deed Of Trust
related
$33,745 · Wollaston Cu
—
—
George Pepdjonovic
—
Deed Of Trust
related
$393,750 · Velocity Com'l Cap
—
—
George Pepdjonovic
—
Deed Of Trust
related
$247,000 · Velocity Com'l Cap
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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