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Property profile & analytics
OFF-MARKET
Estimated value
$3,540,000
Investment properties
7 School St 15 Quincy, MA 02169-6668
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-0760413
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,292 SF
Lot
0.38 ac (16,422 SF)
Zoning code
BUSC
APN
QUIN M:1146 B:6 L:C
UPID
US38-0760413
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.55M
CAP Approach
CAP
$3.62M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.54M
Owner & transaction history
9 School Street LLC · 2 yrs held
9 School Street LLC
since 2023
Last sale
$3.4M
5 recorded transactions
Zoning & alternative use
BUSC · Quincy, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.3M
+86.0%
Auto repair, garage
$4.0M
+39.6%
Retail stores
$3.6M
+26.6%
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
$3,730,000
ML approach
$3,545,000
CAP Approach
CAP Return
Estimation
6%
$3,915,000
6.5%
$3,615,000
7%
$3,355,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,835,000
Current use
RESTAURANT
$5,275,000
Change: +86% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,960,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$3,590,000
Change: +27% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,510,000
Change: +24% · Conversion: Moderate
OFFICE BUILDING
$3,225,000
Change: +14% · Conversion: Easy
Blend value · Realmo final
$3.54M
Range $3.19M – $3.89M · ±10% · vs last sale $3.40M (Oct 11 2023)
Last sale anchor
$3.40M
Oct 11 2023
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
$288 / 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
Assessed value
$3,070,000
Assessed 2024
Previous assessed
$3,070,000
+0.0% YoY
Assessed land
$434,000
Assessed improvement
$2,636,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
9
Rooms
36
Bathrooms
10
Total area
12,292 SF
Lot
0.38 ac (16,422 SF)
Zoning code
BUSC
APN
QUIN M:1146 B:6 L:C
UPID
US38-0760413
Jurisdiction
QUINCY
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
BUSC · Quincy, MA
Zoning BUSC · permitted uses
BUSC · Quincy, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Quincy. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.8M
RESTAURANT
Est. value
$5.3M
AUTO REPAIR, GARAGE
Est. value
$4.0M
RETAIL STORES
Est. value
$3.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.5M
OFFICE BUILDING
Est. value
$3.2M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
9
Rooms
36
Bathrooms
10
Lot
0.38 ac
Current owner
From public records · entity-resolved
9 School Street LLC
Entity
Mailing address
715 SEA ST, QUINCY, MA 02169-2821
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2023
$3,400,000
9 School Street LLC
7-15 School Street RT
Quit Claim Arm's Length For Ne States
$2,550,000 · South Shore Bank
Mar 7, 1997
$745,000
7-15 School St RT
Miranda,carl H Tr
Grant Deed
$550,000 · Hibernia Savings Bank
Sep 23, 1996
—
Jmd RT
—
Deed Of Trust
related
$656,250 · Hibernia Savings Bank
Oct 14, 1988
—
Miranda,carl H Tr
—
Deed Of Trust
related
$1,250,000 · South Shore Bank
Oct 16, 1987
$700,000
Jmd Realty Trust
Blair RT
Grant Deed
$850,000 · South Shore Bank
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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