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

    88 Elm St Quincy, MA 02169-5412

    • Investment properties
    • 2,841 SF
    • 0.28 lot acres
    OFF-MARKET
    Value Estimations
    $575,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1900092
    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

    • Raymondi Daniel G / Law Firm

    Property Details for 88 Elm St

    Year built
    1910
    Construction
    STONE
    Lot size
    0.28 lot acres
    Property size
    2,841 SF
    Zone code
    RESC
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    QUIN M:1139 B:13 L:1
    APU
    QUINM1139B13L1

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $655,000
      Current use
      AUTO REPAIR, GARAGE
      $915,000
      Change: +40% Conversion: Difficult
      RETAIL STORES
      $830,000
      Change: +27% Conversion: Easy
      OFFICE BUILDING
      $745,000
      Change: +14% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Quincy
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -70.9975
    Latitude
    42.2475
    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
    $0.00
    $269,400
    $685,500
    $954,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.35 Acres

      39 Water St, Unit 47

      OFFICE/RESIDENTIAL (MIXED USE) • 0.35 Acres
      39 Water St, Quincy, MA 02169-6630
      View Details
    • Value Estimation by Request
      0.26 Acres

      65-67 Liberty St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.26 Acres
      65-67 Liberty St, Quincy, MA 02169
      View Details
    • Value Estimation
      $19,080,000
      124,274 SF

      1500 Hancock St

      OFFICE/RESIDENTIAL (MIXED USE) • 124,274 SF
      1500 Hancock St, Quincy, MA 02169-5071
      View Details
    • Value Estimation
      $680,000
      3,568 SF

      23-25 Copeland St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,568 SF
      23-25 Copeland St, Quincy, MA 02169
      View Details
    • Value Estimation
      $1,280,000
      7,685 SF

      75 Franklin St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,685 SF
      75 Franklin St, Quincy, MA 02169-7823
      View Details
    • Value Estimation
      $1,100,000
      4,658 SF

      545-547 Washington St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,658 SF
      545-547 Washington St, Quincy, MA 02169
      View Details

    Similar Nearby for Sale

    • $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
    • 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
    • Contact for pricing
      125 SF

      Quincy Office Space: Prime Location

      Modern Office, All Utilities Included
      21 Mayor Thomas J Mcgrath Hwy, Quincy, MA 02169
      View Details
    • $139,900

      Quincy Commercial Condo - Prime Location

      Versatile Office Space, Highway Access, All Utilities Included
      1261 Furnace Brook Pkwy, Quincy, MA 02169
      View Details
    • $609,000

      Renovated Church with Business Zoning

      Renovated church with business zoning, flexible space, excellent location.
      762 Southern Artery, Quincy, MA 02169
      View Details
    • Contact for pricing

      Crown Colony Drive Investment Opportunity

      Five-story, 118,157 SF asset with medical/office tenants.
      Quincy, MA 02169
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Braintree Quincy Center

      Discover many ways to work your way in Braintree Quincy Center
      859 Willard 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

      Crown Colony Drive Land Lease

      Commercial land available for lease on Crown Colony Drive.
      1800 Crown Colony Dr, Quincy, MA 02169
      View Details
    • Contact for pricing

      Class A Office Space

      Modern office space with on-site cafe and state-of-the-art facilities.
      859 Willard St, Quincy, MA 02169
      View Details
    • Contact for pricing
      12,550 SF

      Quincy Office Space Available

      Office space available for rent in Quincy, Massachusetts.
      95-115 E Howard St, Quincy, MA 02169
      View Details
    • Contact for pricing
      3,600 SF

      Restaurant Space in Quincy Center

      Second-generation restaurant space in a high-traffic commercial district.
      1495 Hancock St, Quincy, MA 02169
      View Details
    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.
    88 Elm St
    Quincy, MA 02169-5412
    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!